I’ve spent the last few days in Melbourne, visiting with some interesting people and investors, a number of companies we hold shares in, and some we don’t.
It was enormously valuable and the payoff of the efforts will come over weeks and years ahead.
My maiden AirBNB experience was an extremely satisfactory one, with a lovely 2 bedroom apartment for myself & my traveling companion costing less than the comparable hotel alternative & being larger & more satisfactory in terms of the amenity provided. I look forward to utilising this excellent service when I spend some time in Switzerland, Germany, Austria & Italy at the end of the year.
Our advantage over the benchmark has widened to nearly 8% after allowing for performance fees, if we can continue to generate further outperformance over the remaining 7 and a half months of financial 2016, we could have quite an excellent year. I am certainly quite excited about the valuation of our current holdings, one can never tell what causes undervaluation to correct itself, but I am hopeful there is still plenty more to deliver in our portfolio – Tony Hansen 13/11/2015
|
|
Apr 1st 2011 |
Jul 1st 2015 |
Current Price |
Since July 1st 2015 |
Since Inception |
|
EGP Fund No. 1 |
1.00000 |
1.57872 |
1.64663*1 |
4.31% |
93.67%*2 |
|
37333.23 |
50922.68 |
48980.30 |
(3.81%) |
31.20% |
EGP Fund No. 1 Pty Ltd. Up by 4.31%, leading the benchmark by 8.12% since July 1st 2015. Since inception, EGP Fund No. 1 Pty Ltd is Up by 93.67%, leading the benchmark by 62.47% 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
