A savage 2.74% drop in our benchmark this week. Fortunately, we only felt roughly half that with a 1.38% drop. We dipped into negative territory for the first time since the July 1 beginning of FY2015, but I remain very positive about the long-term prospects of our holdings and convinced value is building like a coiled spring waiting only on the right circumstances to materialise.
I have been busy with buying and selling this week, hopefully constructing a portfolio just a little better. Removing a little risk and adding a little return, little by little setting up for gains, all the while not really certain when they will come.
I will talk next week about the biggest mistake I have made this year (so far). I tried to rectify it somewhat this week, but it still pains me somewhat to think about it, so I will give a week to try to make a well-reasoned confession – Tony Hansen 21/11/2014
|
|
Apr 1st 2011 |
Jul 1st 2014 |
Current Price |
Current Period |
Since Inception |
|
EGP Fund No. 1 |
1.00000 |
1.56145 |
1.54903*1 |
(0.80%) |
68.97%*2 |
|
35632.05 |
45991.23 |
46108.87 |
0.26% |
29.40% |
EGP Fund No. 1 Pty Ltd. Down by 0.80%, trailing the benchmark by 1.06% since July 1st. Since inception, EGP Fund No. 1 Pty Ltd is Up by 68.97%, leading the benchmark by 39.57% all-time (April 1st 2011).
*1 after 31May 2013 dividend of 2.333 cents per share plus 1.000 cent per share Franking Credit & 31 May 2014 Dividend of 7.000 cents per share plus 3.000 cent per share Franking Credit
