Something concerning has happened since the last Blog.
You probably thought I was talking about the election of Donald Trump as President, right? Wrong, that will have no practical effect on the investments we hold. I will comment no further than to say I had hoped there would be a more severe overreaction in the event this outcome came to fruition. It was a purely selfish hope – that we could profit from the opportunity. We did not. If you’d have told me that a week after a Trump Presidency I’d be reporting all-time high per share values, I’d have thought you rather mad.
The concerning thing is actually to do with our bank balance. I have been trying to figure the best way to deal with this, and can’t come up with anything better than putting it out there and hoping that someone responds.
We have received into our primary account an amount of money which we have not yet received an application form to allow us to identify the origin of the funds. The only pieces of information we have about the funds are:
- The amount
- The date of transfer/receipt &
- The financial institution from which the funds originated.
If you have transferred some funds and have yet to receive a Form 484 setting out the issuance of your shares, please get in touch with me. We have never had this issue before, so I cannot tell whether there has been a problem with receiving the form (perhaps the email did not send properly) or whether the investor responsible just forgot to send an application.
The first half of November has seen a modest rise in our per share values. I will detail our newest holding at some length in the blog at the end of November. We are very excited about this opportunity long-term – Tony Hansen 15/11/2016
Update – The owner of the unknown funds has been located…
|
|
Apr 1st 2011 |
Jun 30th 2016 |
Current Price |
Since July 1st 2016 |
Since Inception |
Annualised |
|
EGP Fund No. 1 |
1.00000 |
1.70130 |
2.05384*1 |
20.72%*1 |
153.73%*2 |
18.00%*2 |
|
37333.23 |
52006.69 |
54794.25 |
5.36% |
46.77% |
7.06% |
*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 and a 31 May 2016 Dividend of 6.0000 cps plus a 2.5714 cps Franking Credit
*2 calculated based on dividends reinvested
