ABN 33 006 713 177
LEVEL20 TEL(613) 9654 0499 101 COLLINSSTREETFAX(613) 9654 3499 MELBOURNEVIC3000 AUSTRALIA8 March 2017
The General Manager
Australian Securities Exchange Limited Company Announcements Office Exchange Centre
20 Bond Street
Sydney NSW 2000
Dear Sir,
NET ASSET BACKING
The Directors advise that the unaudited net tangible asset backing of the Company's ordinary shares at 28 February 2017 was $3.87 per share after provision for the interim dividend of 6.5 cents per share payable on 15 March 2017 (31 January 2017 $3.81 per share). The net asset backing calculation is based on investments at market value, is after tax on net realised gains, before any future tax benefit of net realised losses and before estimated tax on net unrealised gains/losses.
Diversified United Investment Limited is a long term investor and does not intend disposing of its total portfolio. However, under current accounting standards the Company is required to provide for estimated tax on any net gains that would arise on such a theoretical disposal. After deducting this provision, the above figure would be $3.37 (31 January 2017 $3.34).
A list of the Company's top 25 investments is attached.
Yours sincerely, A J Hancock
Company Secretary
DIVERSIFIED UNITED INVESTMENT LIMITED
25 LARGEST SHAREHOLDINGS AS AT 28 FEBRUARY 2017As at 28 February 2017 the twenty-five largest shareholdings of the company, at market values were:
Australian Equities | Market Value $'000 | %Market Value of Total Investments |
Commonwealth Bank of Australia Ltd | 82,320 | 9.0% |
CSL Ltd | 70,716 | 7.7% |
Westpac Banking Corporation Ltd | 64,030 | 7.0% |
ANZ Banking Group Ltd | 61,800 | 6.8% |
Transurban Group | 44,120 | 4.8% |
National Australia Bank Ltd | 41,587 | 4.6% |
Woodside Petroleum Ltd | 31,340 | 3.4% |
BHP Billiton Ltd | 30,000 | 3.3% |
Rio Tinto Ltd | 29,135 | 3.2% |
Wesfarmers Ltd | 27,768 | 3.0% |
Lend Lease Corporation | 18,276 | 2.0% |
Woolworths Ltd | 18,032 | 2.0% |
Washington H Soul Pattinson & Co Ltd | 17,655 | 1.9% |
AMP Ltd | 16,592 | 1.8% |
Perpetual Ltd | 15,528 | 1.7% |
Sydney Airport | 15,150 | 1.7% |
Oil Search Ltd | 13,960 | 1.5% |
Suncorp Group Ltd | 13,270 | 1.5% |
Macquarie Atlas Roads Group | 12,975 | 1.4% |
Telstra Corporation Ltd | 12,050 | 1.4% |
BT Investment Management Ltd | 11,144 | 1.2% |
Total Australian Equities in Top 25: | 647,448 | 70.9% |
International Equities | ||
Vanguard All-World Ex-US Shares Index ETF | 29,488 | 3.2% |
Vanguard US Total Market Shares Index ETF | 23,785 | 2.6% |
Vanguard Information Technology Index ETF | 12,846 | 1.4% |
iShares TR MSCI USA Min Vol Index ETF | 12,292 | 1.3% |
Total International Equities in Top 25: | 78,411 | 8.5% |
Total Top 25 Australian & International Equities | 725,859 | 79.4% |
Total Investments at Market Value, Net Short Term Receivables and Cash | 913,499 |
Notes: 1. At 28 February bank borrowings were $95M, and cash and net short term receivables (included in the above figure) were $20M.
2. At 28 February 10% of the portfolio was invested in international equities through Exchange Traded Index Funds.
Diversified United Investment Limited published this content on 08 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 March 2017 08:10:15 UTC.
Original documenthttp://www.dui.com.au/resources/NTAs/2016-17/NTA%2028.2.2017%20-%20DUI.pdf
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