We are in the midst of what the financial media like to refer to as ‘confession season’, where companies are supposed to announce that they will fall short of market expectations.
I like to think of this period as ‘upgrade season’, for if you’ve bought well, the earlier understated guidance, or sometimes ‘unguided’ companies often announce a result that is a little better than the market was expecting.
We had such an announcement this week when our second largest holding, Dicker Data announced a strong first 6 months of 2015. The subsequent share price lift more than offset the many companies in our portfolio that fell in line with the markets 1.83% drop for the week.
This left us only 0.19% off our all-time high registered in late May, and hopeful that it will be the first of many upgrades over the next few weeks before reports start to drop – Tony Hansen 24/07/2015
|
|
Apr 1st 2011 |
Jul 1st 2015 |
Current Price |
Since July 1st 2015 |
Since Inception |
|
EGP Fund No. 1 |
1.00000 |
1.57872 |
1.60793*1 |
1.85% |
89.11%*2 |
|
37333.23 |
50922.68 |
52735.28 |
3.56% |
41.26% |
EGP Fund No. 1 Pty Ltd. Up by 1.85%, trailing the benchmark by 1.71% since July 1st 2015. Since inception, EGP Fund No. 1 Pty Ltd is Up by 89.11%, leading the benchmark by 47.85% 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
