On December 27, 2018, PM Capital Global Opportunities Fund Limited (ASX: PGF) came forward and issued a press release which focused on the information related to the Net Tangible Asset or NTA on the weekly basis and covered the week which ended on December 21, 2018. As per the press release issued, the company’s NTA before the tax accruals and including the franking credits amounted to $1.1641 while the company’s approximate NTA on the post-tax basis, for the same period, amounted to $1.1217.
It is also important to note that PM Capital Global Opportunities Fund recently announced its monthly report covering November 2018. In the monthly update report by the company, it was mentioned that Ares Management is expected to witness robust growth moving forward. The company also stated that the purchasing by the passive managers might favourably impact because Ares possess small free float. The company added that in November 2018 the US dollar weakened. However, since the Australian Dollar strengthened, the company’s performance for the month of November 2018 got the hit.
The company had also reported the final report for FY 2018 and, as per the report, PM Capital Global Opportunities Fund Limited garnered profit before tax or PBT amounting to $70.5 million while its profit after tax or PAT amounted to $50.3 million. The report which was reported by the company also contained the portfolio manager’s report. According to this report, considering the long-term scenario, global equities strategy reflected robust performance. The global companies fund, which is being managed according to global equities strategy, has been delivering strong returns. As per the company’s report, PM Capital Global Opportunities Fund Limited managed to perform well amidst the uncertainties with respect to political and trade environment, increased global equity markets as well as changes in the interest rate outlook.
We will now look at today’s performance of PGF. On December 27, 2018, PM Capital Opportunities Fund Limited ended the session on the positive note as the stock price has settled at A$1.080 per share which implies the rise of A$0.005 per share or 0.465%. The market capitalization of PGF stood at $377.5 million. The stock price of the company is trading towards the lower range, and the annual dividend yield of PM Capital Global Opportunities Fund Limited stood at 3.35%. Let us now see how the stock has been performing from the past few months. In the time span of the previous six and three months, the stock delivered the returns of -17.31% and -16.67%, respectively. However, in the previous one month, PGF delivered the return of -7.33%.