Fat Prophets Global Contrarian Fund (ASX:FPC) disclosed an estimated pre-tax net tangible asset (NTA) per share of $1.7040 as at 4 November 2026, up from $1.6524 recorded as at 31 October 2026, representing a change of +3.122% over the period.

Key Points

  • Estimated pre-tax NTA per share was $1.7040 as at 4 November 2026
  • Pre-tax NTA per share was $1.6524 as at 31 October 2026
  • Change in NTA from 31 October to 4 November 2026 was +3.122%
  • The filing was signed by Chief Investment Officer Angus Geddes

Pre-Tax NTA Update for 4 November 2026

Fat Prophets Global Contrarian Fund Limited disclosed its estimated pre-tax NTA per share as at Wednesday, 4 November 2026. The figure of $1.7040 compares with the $1.6524 recorded as at 31 October 2026, with the company reporting a change of +3.122% over that period. The company update was released to the ASX on 6 November 2026 and was signed by Chief Investment Officer Angus Geddes. The fund is registered with ACN 615 414 849 and is listed on the ASX under the ticker code FPC.

Portfolio Commentary on Gold and Precious Metals Miners

According to the filing, gold and platinum group metal (PGM) miners recorded a solid session, closing higher in the United States on Thursday and moving against the broader market sell-off. The filing states that gold has broken above key resistance defined by corrective downtrend lines in place since August. The filing also notes that gold retested its June lows, with upward momentum during the week described in the update. The filing states the fund is looking for a gold price of $5,000 an ounce by year-end or in the early part of the following year.

Market Observations Referenced in the Filing

The filing references volatility on Wall Street, noting the AI and chip sector as a focus area. The filing states that the United States midterm elections and a Federal Reserve meeting were described as clearing events for markets. According to the filing, the Democrats are set to take control of both the House of Representatives and the Senate in January. The filing also references statements attributed to Democratic Senate leader Chuck Schumer regarding the Middle East conflict, as well as comments attributed to Vice President JD Vance. These observations are included as part of the fund's accompanying NTA commentary.