Update No. 133 – 13/10/13

For those that struggled with missing the regular update (with last week being skipped), for the week ending 06/10/2013, the EGP share price was $1.51335, which was down 0.18% for the week, this compared very favourably with the market which declined by 1.86% over the week, meaning we ended the week with an all-time record 34.28% lead over the market since inception.

The decline of the market both globally and in Australia continued this week. Continued until Friday that is, where a big turnaround was staged as the US appeared close to dealing with their Government shutdown.

The upshot of this was another good result for EGP in both actual and relative terms. We closed at a new record high and with a new record margin over the market return. Don’t smile too much at this, every week we bound higher probably thins out the list of investment prospects and means our holdings are probably more fully valued.

I have said before, I really don’t worry too much about short term market gyrations, in fact I was sort of hoping the shut-down uncertainty would continue, as we still hold a relatively high cash balance and there are a couple of stocks we are interested in buying near current prices.

We did buy a new stock this last week and added a little more this week, but we have only managed to acquire around half of our intended holding and the price has skipped away from us somewhat. We will wait and watch and with any luck, some unknown future event will allow us the opportunity to finalise our holding at lower prices – Tony Hansen 13/10/13



Apr 1st 2011

Jul 1st 2013

Current Price

Current Period

Since Inception

EGP Fund No. 1












EGP Fund No. 1 Pty Ltd. Up by 14.46%, leading the benchmark by 3.99% since July 1st. Since inception, EGP Fund No. 1 Pty Ltd is Up by 56.33%, leading the benchmark by 34.92% all-time (April 1st 2011).

*1 after 31May 2013 dividend of 2.333 cents per share plus 1 cent per share Franking Credit

*2 calculated based on dividends reinvested