Hi Egl626,
The key point of the extract was that the market was down, but the FGX Managers still returned a positive NTA. When I last saw Magellan (one of the Investment Managers, managing FGX for free) talk through their investment strategy, it was about earning 9% per year, regardless of the overall market performance (they have averaged 12%). This "Benchmark insensitive" investing means their NTA will not drop, even if the market does.
As you can see below, the NTA is above the share price.
Column 1 Column 2 0 Net Tangible Assets (NTA) figures NTA before tax 116.45c 1 NTA after tax and before tax on unrealised gains 116.20c* 2 NTA after tax 115.43c*
Ann: Investment Update & NTA October 2015, page-28
Add FGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.27 |
Change
0.000(0.00%) |
Mkt cap ! $518.3M | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.27 | $1.27 | $239.4K | 189.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 59058 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 53398 | 3 |
View Market Depth
| Last trade - 11.26am 26/11/2024 (20 minute delay) ? |
| FGX (ASX) Chart |
