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Global Masters Fund Limited (ASX:GFL)

ALERT: Price-sensitive ASX Announcement for GFL
Current share price for GFL : $2.890 -0.83 (-22.31%)+
Announcement
Release
28 Aug 2025 4:30PM
Price at Release
$3.720
Full Release
download
Summary
The document is the Preliminary Final Report (Appendix 4E) for Global Masters Fund Limited (GFL) for the financial year ended 30 June 2023. It provides a comprehensive overview of the company's financial performance, position, and operations. The report includes details on the company's revenues, expenses, net profit after tax, dividends, earnings per share, net tangible assets per share, and a review of the company's investment portfolio. GFL's net profit after tax increased significantly from the previous year, primarily due to improved investment performance. The report outlines the company's dividend policy, with a final dividend declared for the period. It also discusses the investment strategy, focusing on long-term investments in listed securities, particularly in Berkshire Hathaway, Australian equities, and other global assets. Additionally, the document reviews risk management practices, corporate governance, and provides an outlook for future operations, emphasizing the company's commitment to long-term value creation for shareholders.
Key Points
  • GFL reported a substantial increase in net profit after tax for the year ended 30 June 2023.
  • Total revenues increased primarily due to investment gains and dividend income.
  • A final dividend of 1.0 cents per share fully franked was declared for the year.
  • Net tangible assets per share improved compared to the previous year.
  • GFL's investment strategy remains focused on long-term value investing in high-quality listed equities.
  • The largest holding in the portfolio continues to be Berkshire Hathaway Inc.
  • The company maintains a conservative approach to risk management and capital allocation.
  • Corporate governance practices are reviewed and maintained in accordance with ASX principles.
  • The outlook emphasizes long-term shareholder value and prudent investment management.
  • Earnings per share increased in line with improved investment performance.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.