Net Tangible Assets as at 30/9/2018
|Pre Tax NTA||$1.31|
|Post Tax & Pre Unrealised Gains Tax:||$1.30|
|After Tax NTA||$1.26|
The NAOS Emerging Opportunities Company (ASX: NCC) is focused both on delivering an attractive fully franked yield for investors and growth in shareholder value. Since its inception in February 2013, the Company has delivered in excess of its stated targeted dividend of 4% p.a. and the Company can be categorised as a having a ‘growing dividend profile’, having delivered increases in dividends paid period-on-period. We understand this is a particularly attractive feature for SMSFs and investors looking for a strong and reliable income stream.
Since its inception in February 2013, the Company has produced compelling performance in its underlying investment portfolio, having significantly outperformed its stated benchmark, the ASX Small Ordinaries Accumulation Index. The process of selecting investment opportunities encompasses five key steps resulting in a portfolio that is concentrated in nature (0-20 positions). Such concentration seeks to maximise shareholder exposure to companies we believe are high quality but undervalued, often due to being overlooked, and therefore inefficiently priced by the wider investment community. The Company is also able to hold 100% cash at any one time to maintain its ability to protect investors’ capital in times of high market volatility.
NAOS Emerging Opportunities Company as at 30/9/2018
|1 month (%)||1 Year (%)||3 Years (% p.a.)||4 Years (% p.a.)||5 Years (% p.a.)||Inception (% p.a)||Inception (nom.)|
|NCC Investment Portfolio Performance||+2.88%||+4.29%||+17.27%||+11.10%||+11.60%||+16.20%||+131.47%|
|S&P/ASX Small Ordinaries Accumulation Index (XSOAI)||-0.35%||+20.32%||+16.96%||+11.07%||+8.75%||+6.90%||+45.18%|
|Outperformance Over Benchmark||+3.23%||-16.03%||-0.31%||+0.03%||+2.85%||+9.30%||+86.29%|
Investment portfolio performance is post all operating expenses, before fees and taxes. Performance has not been grossed up for franking credits received by shareholders. Inception date is 26th February 2013.
Investments can go up and down. Past performance is not necessarily indicative of future performance. Returns are quoted post all operating expenses, before fees and taxes and assume Inception since 26-Feb-13.
The Board of the Company is committed to paying a progressive stream of fully franked dividends to shareholders on a six-monthly basis provided the Company has sufficient franking credits, retained earnings and it is prudent to do so.
The Dividend Reinvestment Plan is in operation. To participate in the DRP, please refer to information contained in Shareholder Information section of this page.
|Cents per Share||Date Payable||% Franked||Type||DRP Price|
Past performance is not necessarily indicative of future performance. Inception since 26-Feb-13. Performance figures are net of fees.
Shares in the Company may also be bought and sold via BT Wrap/Super Wrap, Macquarie Investment and Super Wrap, Netwealth, HUB-24 and MLC Navigator.
Once invested shareholders can elect to participate in the Company’s Dividend Reinvestment Plan (DRP). The plan allows shareholders to elect to receive their dividends in shares rather than cash. DRP shares will be acquired ‘on market’ when the post-tax net tangible assets (NTA) is greater than the share price as at record date, thereby avoiding any potential dilution to the Company’s NTA. New shares will be issued when the share price is greater than the post-tax NTA as at record date.
The Company operates a DRP. Further information regarding the DRP can be found in the participation rules.
To participate in the DRP please click here: www.investorserve.com.au.
Rules for participation in the DRP can be downloaded here: DRP Rules NCC
The Company’s latest Annual Report can be downloaded here: Annual Report