Update No. 43 – 20/01/12

The start to the year has been better than anyone could have expected in respect of the performance of financial markets.  The S&PASX200TR index is up 4.52%, EGP Fund No. 1 Pty Ltd is only up 3.23%.  I have done a little more buying this week and I am hopeful that reporting season will bring […]

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Update No. 42 – 13/01/12

I have said before, the US is the worlds economic engine.  For those of us in Australia, we hear a lot more about China driving our prosperity, but the US is still where you should keep your eyes peeled as it will inevitably drag the world in whatever direction it is headed.  China on the […]

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Update No. 41 – 06/01/12

I will leave the calculation of assets until the closing value of $0.96254 per share is confirmed by our external auditors and the new shares are issued for those who subscribed for new shares.  Needless to say as it is still essentially a holiday and trade was thin, prices barely moved this week. I probably […]

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Update No. 40 – 01/01/12

Happy New Year to all readers; the 6 months ending 31 December 2011 ended up being a difficult one for our portfolio, we trailed the market by 1.49%.  This would be more tolerable in a market posting good gains, unfortunately it came in a market that was down 9.71% for the 6 month period.  Fellow […]

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Update No. 39 – 25/12/11

Merry Christmas, Feliz Navidad, Glædelig Jul, or whatever the ‘Seasons Greetings’are in your part of the world to readers.  I write from from Fiji, and will be home to Australia in 2 days, in the meantime, the current asset values are as follows. There were a couple of sharp moves against us this week, a week […]

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Update No. 38 – 18/12/11

I am in New York City this week, what an amazing place…  Update for weekending 16 December below.  – Tony Hansen 18/12/11.     April 1st 2011 July 1st 2011 Current Price Current Period Since Inception EGP Fund No. 1 1.00000 1.08396 1.01107 (-6.72%) 1.11% S&PASX200TR 35632.05 34200.68 31608.67 (-7.58%) (-11.29%)   EGP Fund No. […]

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Update No. 37 – 11/12/11

  I’m in Washington DC at the moment, it’s 11pm & I’ve just returned from watching the Washington Capitals defeat the Toronto Maple Leafs 4-2 in a fascinating game of NHL Ice-Hockey.  After a Capital player scored a hat-trick and all the fans around the stadium threw their hats (I suspect retail value of almost […]

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Update No. 36 – 04/12/11

The market jumped by 7.62% this week, and unsurprisingly, we failed to keep pace.  As I have been expecting for the last couple of months, the US recovery began to show very real signs of traction as the unemployment rate there fell by half a percentage point in a month.  As for the optimism out […]

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Update No. 35 – 27/11/11

For some reason, despite no particular announcements of note by our holdings, we widened the performance differential between EGP Fund No. 1 Pty Ltd and the benchmark by 5.07% this week (to 13.62% since inception 8 months ago).  I wish I could say this were because of our stellar price performance, unfortunately it has far […]

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Update No. 34 – 20/11/11

I talked last week about how globalisation, and in particular free-trade appear to be dragging more and more of our global citizens out of poverty.  The evidence empirically demonstrates that each passing year fewer people in both a proportionate and an absolute sense live in poverty. I have therefore a very strong attachment to the […]

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Update No. 33 – 13/11/11

A fall in our asset value this week can be attributed to a fall in the value of one of our thinly traded stocks on very thin volumes, which will most likely correct itself next week. Another quick note on the OWS (Occupy Wall Street) protests and one of my favourite subjects – perspective.  I […]

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Update No. 32 – 06/11/11

I have been harping for a couple of months now that I don’t think the economic situation in the U.S. is nearly as bad as it is consistently being portrayed.  To this end, I found this article very interesting in the way it articulates a number of positive factors in the American story that are […]

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Update No. 31 – 30/10/11

Stocks moved sharply upward this week, fellow owners and regular followers will have noticed our portfolio is generally much less volatile than the broader market. When the market declines sharply, we rarely decline as fast, unfortunately, when the market rises sharply, we usually fail to keep up as we have this week.  The Europeans seem […]

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Update No. 30 – 23/10/11

I mentioned in my post a fortnight ago that US housing starts were expected to continue their strong upward trajectory, well they were reported through the week here: “Privately-owned housing starts in September were at a seasonally adjusted annual rate of 658 000. This is 15.0 percent (±13 7%) above the revised August estimate of […]

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Update No. 29 – 16/10/11

A short update this week as I’m travelling, don’t worry, nowhere luxurious, I’m in Cooma as I write.  Because I haven’t the time to write anything interesting myself, I will refer you to someone else’s work, which in any case is a thousand times more insightful than my weekly observations. I refer to this article, […]

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