ASX listed investment company NAOS Emerging Opportunities Company Limited has announced monthly investment report and NTA update as at 31 August 2018. With a prior focus on micro-cap industrial companies, NAOS has reported pre tax net tangible asset value to $1.27 while post tax & pre unrealized gains tax NTA was also the same, i.e. $1.27. However, post tax net tangible asset was at $1.24.
With the core objectivity to preserve the companyâs shareholder capital, $76.08 million worth company NCC has achieved standout results in its investment portfolio principally due to impressive performance of Wingara Ag followed by long term value created by integrated advertising & communication services firm Enero Group.
By the end of another reporting season of NCC investment portfolio in August, companyâs monthly return of +3.94% has outperformed the benchmark S&P/ASX Small Ordinaries Accumulation Index by +1.45%. This brings NCCâs investment portfolio return since inception to +125% which is 79.31% more than what benchmark XSOAI has returned over the last 5 years and 6 months. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
Since inception of the company in 2012, BSA Limited, Calliden Group Limited, Consolidated Operations Group Limited, Capitol Health Limited and CML Group Limited have been the top five positive stock contributors to the NCCâs investment portfolio.
In the monthly investment report, fully franked dividend yield is set to 5.71% while the share price of NCCâs stock is $1.27.
Following this update, NCC share price has slipped by 0.392% to $1.270 on 11 September 2018 (3:29 PM AEST). The stock has seen a negative performance change of 12.07% over the past 12 months.
The Income available from dividends remains attractive for many investors.
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