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CLEARVIEW WEALTH LIMITED — Net Asset Value 2007
May 13, 2007
64733_rns_2007-05-13_1c57154f-551a-4f2b-9df1-f3c078fe9c10.pdf
Net Asset Value
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MMC Contrarian
Limited
ABN 83 106 248 248
Level 8, 34 Hunter Street Sydney NSW 2000 GPO Box 4964 Sydney NSW 2001
Phone: 02 9224 0700 Fax: 02 9233 2275 [email protected] www.mmccontrarian.com.au
30 April 2007 Net Tangible Asset (NTA) Statement
This Net Tangible Asset (NTA) statement reflects MMC Contrarian Limited (MMA) after the acquisition of MMC Asset Management Limited which was effective on 1 February 2007. Accounting standards require that intangible assets relating to MMC Asset Management are excluded from the NTA calculation. To provide shareholders with additional information, this statement shows the Net Assets (NA) per share including the MMC Asset Management investment.
| 31 March 2007 |
30 April 2007 |
|||
|---|---|---|---|---|
| \$m | \$m | |||
| Investment category | ||||
| Listed equities | 114 | 43% | 115 | 44% |
| Fixed interest and cash | 151 | 57% | 144 | 56% |
| Total investment assets | 265 | 100% | 259 | 100% |
| Intangible Assets | 27 | 27 | ||
| Other Assets and Liabilities | (15) | (8) | ||
| Total Net Assets after tax | 277 | 278 | ||
| MMA share price - cents | 103.0 | 100.0 |
|---|---|---|
| NA per share before tax $-$ cents 1 | 113.4 | 114.0 |
| NA per share after tax $-$ cents 2 | 111.1 | 111.5 |
| Premium (Discount) to NA after tax % | (7.2) | (10.3) |
| NTA per share before tax - cents 3 | 102.3 | 103.0 |
| NTA per share after tax - cents 4 | 100.1 | 100.4 |
MMA is a long term investor and does not intend disposing of its total portfolio. The next quarterly report from the investment manager will be issued by the mid July 2007.
David Mackaway - Secretary
1 Unaudited, including investment in MMC Asset Management before provision for tax on unrealised gains.
2 Unaudited, including investment in MMC Asset Management and after provision for all taxes.
3 Unaudited, before provision for tax on unrealised gains.
4 Unaudited, and after provision for all taxes.