We almost had our 5th down week in 2015. Someone’s Friday afternoon buying in our largest holding saved the day. This is our 24th weekly report for 2015; so far I have only had to report a fall in asset values four times.
I could certainly get used to the steady upward trend we have observed in 2015, but you must be ready for the inevitable reversals.
It was in a week when the market rose by a little under 1%, but our rise was a little under 0.1%… Our margin over the market is now very slim, and it’s a close-run contest to see whether we will best the market in FY2015.
To those of you who were keenly awaiting a lengthy diatribe on some issue or other, you will have to fill your needs elsewhere this week. The administrative side of the business becomes quite hectic at this time of year, but I don’t outsource this part of the work because I would prefer to do it myself and save you the administrative costs. Keeping administration below 0.1% annually is one of the reasons we have outperformed. Given how close the contest is looking this year, we may need every basis point of advantage we can get – Tony Hansen 19/06/2015
|
|
Apr 1st 2011 |
Jul 1st 2014 |
Current Price |
Since July 1st 2014 |
Since Inception |
|
EGP Fund No. 1 |
1.00000 |
1.56145 |
1.58244*1 |
9.28% |
86.20%*2 |
|
35632.05 |
45991.23 |
49736.67 |
8.14% |
39.58% |
EGP Fund No. 1 Pty Ltd. Up by 9.28%, leading the benchmark by 1.14% since July 1st 2014. Since inception, EGP Fund No. 1 Pty Ltd is Up by 86.20%, leading the benchmark by 46.20% all-time (April 1st 2011).
*1 after a 31 May 2013 dividend of 2.333 cents per share (cps) plus 1.000 cps Franking Credit, a 31 May 2014 Dividend of 7.000 cps plus 3.000 cps Franking Credit and a 31 May 2015 Dividend of 8.6667 cps plus 3.7143 cps Franking Credit
*2 calculated based on dividends reinvested
