Fat Prophets Global Contrarian Fund Ltd. · ASX:FPC
Fat Prophets Global Contrarian Fund — Shareholder Meeting (October 2024)
23 slides from Fat Prophets Global Contrarian Fund's shareholder meeting presentation, Oct 18, 2024
Slide 1: Fat Prophets Global Contrarian Fund Ltd
fatPROPHETS GLOBAL CONTRARIAN FUND LTD ee \)\\\\
Slide 2: FPC Annual General Meeting & Shareholder Information Session
FPC Annual General Meeting & Shareholder Information Session For personal use only MR MICHAEL GALLAGHER – CHAIRMAN • Introductory remarks • AGM Open • Formal business • Resolutions • AGM Close • Shareholder information session – Mr Angus Geddes 2
Slide 3: Board of FPC
Board Of FPC INDEPENDENT CHAIRMAN INDEPENDENT DIRECTOR Michael Gallagher Katrina Vanstone For personal use only Mr Michael Gallagher was Katrina has worked in financial appointed Chairman of the markets for 30 years, both in Board in November 2016. Australia and offshore, including Michael has over
Slide 4: Resolution 1: Adoption of Remuneration Report for the Year Ended 30 June 2024
Resolution 1: Adoption of Remuneration Report for the Year Ended 30 June 2024 For personal use only To Consider and, if thought fit, pass the following advisory resolution: That the Remuneration Report for the year ended 30 June 2024 (as set out in the Directors’ Report) be adopted. Resolution For A
Slide 5: Resolution 2: Re-election of Director – Ms Katrina Vanstone
Resolution 2: Re-election of Director – Ms Katrina Vanstone For personal use only To consider and, if thought fit, pass the following as an ordinary resolution: That Ms Katrina Vanstone retires by rotation in accordance with ASX Listing Rule 14.5 and, being eligible for re-election, be re-elected as
Slide 6: AGM Closed
For personal use only AGM CLOSED 6
Slide 7: Manager Report – Shareholder Information Session
Manager Report For personal use only Shareholder Information Session Chief Investment Officer Angus Geddes Fat Prophets 7
Slide 8: 2024 was a better year
2024 was a better year For personal use only ▪ US defied recession, Fed commenced easing cycle ▪ Bond markets stabilized, while the bull market broadened out ▪ Precious metals made new highs ▪ China’s Government has completed a U turn ▪ Much of the big short yen carry trade unwound ▪ Central banks n
Slide 9: FPC NTA 2021 to 2024
FPC NTA 2021 to 2024 For personal use only Pre-Tax NTA Post-Tax NTA Sept – 2021 $1.3623 $1.2994 Sept – 2022 $0.9491 $1.0146 Sept – 2023 $1.0386 $1.0947 Sept – 2024 $1.2513 $1.2468 9
Slide 10: Playbook for the coming year: 2025 outlook
Playbook for the coming year For personal use only 2025 outlook Rising geopolitical tensions US dollar to continue Long term bond yields to downward slide commence rising next year Japanese equities to A Republican win initially Gold/silver and platinum to continue outperforming popular with stock m
Slide 11: US 10-year bond yield stable for now but bear market might resume 2025
US 10-year bond yield stable for now…but bear market might resume 2025 For personal use only 11
Slide 12: Longer term US fiscal situation will deteriorate further regardless of who wins
Longer term US fiscal situation will deteriorate further regardless of who wins For personal use only Secular bear market in bonds has further to go 12
Slide 13: Inflation is going down now…but for how long?
Inflation is going down now…but for how long? For personal use only 13
Slide 14: Dollar Index – near term risks a rebound, but in 2025 resumes downward path
Dollar Index – near term risks a rebound, but in 2025 resumes downward path For personal use only 14
Slide 15: Growth opportunities in China/Hong Kong
Growth opportunities in China/Hong Kong Consensus still doubtful – bull markets climb a wall of worry Hang Seng Technology Index – clean exit from a multi-year bear market For personal use only 15
Slide 16: Gold & Gold miners to outperform versus the US dollar
Gold & Gold miners to outperform versus the US dollar amidst rising dollar weakness and US fiscal uncertainty For personal use only 16
Slide 17: Silver to surge
For personal use only Silver to surge 17
Slide 18: Platinum to exit a multiyear bear market
Platinum to exit a multiyear bear market For personal use only 18
Slide 19: Top Holdings in FPC – Sept 2024
Top 10 Holdings in FPC – Sept 2024 For personal use only Top 10 Holdings Country 30 September 2024 Sumitomo Mitsui Financial Group Japan 8.68% Evolution Mining Ltd Australia 6.22% Coeur D'alene Mines Corp United States 5.54% Paladin Energy Australia 4.41% Northern Star Resources Australia 3.99% 29 M
Slide 20: Geographic Exposure – Sept 2024
Geographic Exposure – Sept 2024 For personal use only 20
Slide 21: Sector Dispersion – Sept 2024
Sector Dispersion – Sept 2024 For personal use only 21
Slide 22: Contact Details
Contact Details For personal use only Fat Prophets Funds Management Fat Prophets Funds Management Investment manager Portfolio Manager Angus Geddes Simon Wheatley CIO Simon.Wheatley@fatprophets.com.au Angus.Geddes@fatprophets.com.au Fat Prophets Global Contrarian Fund Company Michael Gallagher Chair
Slide 23: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Fat Prophets Global Contrarian Fund Limited (FPC). The information contained in this presentation is for information purposes only and has been prepared for use in conjunction with a verbal presentation and should be read in tha
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