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Fat Prophets Global Contrarian Fund Ltd.
(Sydney:FPC)
Fat Prophets Global Contrarian Fund Ltd. (FPC) vs. iShares MSCI Australia ETF (EWA)
Fat Prophets Global Contrarian Fund Ltd. Business Overview & Revenue Model
Fat Prophets Global Contrarian Fund Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.41M | 3.20M | 7.00M | 145.00K | 2.09M | 15.53M |
| Gross Profit | 14.41M | 2.16M | 7.00M | 179.00K | 1.12M | 15.53M |
| EBITDA | 13.54M | 10.11M | 6.93M | -122.52K | -26.00M | 14.48M |
| Net Income | 9.34M | 6.99M | 4.47M | -534.00K | -9.19M | 9.98M |
Balance Sheet | ||||||
| Total Assets | 109.26M | 74.14M | 62.05M | 46.53M | 61.81M | 109.26M |
| Cash, Cash Equivalents and Short-Term Investments | 47.26M | 27.75M | 16.79M | 24.86M | 23.58M | 47.26M |
| Total Debt | 46.20M | 28.84M | 24.85M | 14.17M | 19.74M | 46.20M |
| Total Liabilities | 51.25M | 34.42M | 27.03M | 14.39M | 20.11M | 51.25M |
| Stockholders Equity | 58.01M | 39.73M | 35.02M | 32.14M | 41.71M | 58.01M |
Cash Flow | ||||||
| Free Cash Flow | 16.60M | 9.61M | -18.52M | 16.13M | -9.19M | 16.60M |
| Operating Cash Flow | 16.60M | 9.61M | -18.52M | 16.13M | -9.19M | 16.60M |
| Investing Cash Flow | 1.13M | 0.00 | 0.00 | 0.00 | 18.74M | 0.00 |
| Financing Cash Flow | 2.14M | -1.11M | -1.55M | -9.04M | -7.11M | 1.01M |
Fat Prophets Global Contrarian Fund Ltd. Technical Analysis
Fat Prophets Global Contrarian Fund Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$79.70M | 11.17 | 32.22% | 6.39% | 22.67% | 19.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | AU$35.55M | 11.20 | 6.14% | 14.29% | -0.40% | ― | |
66 Neutral | ― | 5.90 | 18.72% | 3.47% | 31.67% | 64.92% | |
62 Neutral | AU$23.92M | 9.68 | 13.13% | ― | 101.80% | 355.88% | |
55 Neutral | AU$11.51M | -66.67 | -2.22% | ― | 15.52% | 79.73% |
Fat Prophets Global Contrarian Fund Ltd. Corporate Events
Fat Prophets Global Contrarian Fund reported an estimated pre-tax net tangible asset value of $1.9685 per share as at 24 December 2025, up 4.1% from 30 November and marking the highest level in the company’s history. The year-end strength was driven by record highs in gold, silver and platinum prices, which supported precious metals and PGM mining holdings, as well as gains in Japanese financials following the Bank of Japan’s recent rate increase. The portfolio was also adjusted to add to positions in James Hardie, Chinese technology groups Baidu and GDS Holdings, and EV giant BYD at what the manager considers attractive levels, with the fund maintaining a positive outlook into 2026 amid expectations of a weaker US dollar and continued supply tightness in silver and platinum markets.
Fat Prophets Global Contrarian Fund Ltd has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. As of the latest notice dated 23 December 2025, the fund has repurchased a cumulative total of 415,245 shares prior to the previous trading day and a further 50,000 shares on the previous day, signalling continued use of capital management to potentially enhance net asset value per share and support the trading price for existing investors.
Fat Prophets Global Contrarian Fund has reported an estimated pre-tax net tangible asset (NTA) per share of $1.9106 as at 17 December 2025, up from $1.8907 at 30 November, representing a 1.053% rise with no changes made to the portfolio over the period. The uplift in NTA has been driven by strong gains in gold, silver and platinum, while the manager highlights a supportive macro backdrop, with softer-than-expected US inflation giving the Federal Reserve scope for further rate cuts in 2026 that could pressure the US dollar, and a prospective rate hike in Japan expected to benefit the fund’s Japanese financial holdings, underscoring a positive outlook into year-end and 2026 for investors.
Fat Prophets Global Contrarian Fund reported a strong performance in November, driven by a rebound in Chinese technology stocks and precious metals. The fund’s net tangible asset backing increased, with significant contributions from gold, silver, and platinum producers. The company sees potential in the Chinese tech sector and has increased its holdings in major tech companies like Baidu and Alibaba. Additionally, the fund has added exposure to the US housing sector and the leading EV manufacturer BYD, anticipating a cyclical upswing in 2026. The overall market outlook remains positive, with expectations of a strong finish for risk assets by year-end.
The Fat Prophets Global Contrarian Fund announced its estimated pre-tax net tangible assets (NTA) per share as of December 10, 2025, showing a slight decrease to $1.8852 from $1.8907 on November 30, 2025. This minor decline of 0.291% in NTA reflects the fund’s performance over the ten-day period, potentially impacting investor sentiment and the fund’s market positioning.
Fat Prophets Global Contrarian Fund has amended its announcement regarding its estimated pre-tax NTA as of December 3, 2025. The company has increased its equity exposure, investing in James Hardie due to its potential in the US housing market, and BYD & Co, an EV manufacturer expanding into global markets. Additionally, the fund has increased its position in Grab Holdings, a Southeast Asian tech company, following its solid operational results. These strategic investments reflect the company’s optimistic outlook on global markets and potential opportunities in the housing and EV sectors.
Fat Prophets Global Contrarian Fund has increased its equity exposure, reflecting a positive outlook for global markets. The fund has invested in James Hardie, anticipating a recovery in the US housing sector, and sees potential in BYD & Co’s expansion into international markets. Additionally, the fund has increased its stake in Grab Holdings, capitalizing on its operational success and market presence in Southeast Asia. The fund’s pre-tax NTA per share saw a slight increase, indicating a stable financial position.
Fat Prophets Global Contrarian Fund announced a sharp rebound in its estimated pre-tax NTA, driven by strong performance in Chinese technology stocks and precious metals. The fund has fully recovered from its November drawdown, with strategic additions to its portfolio, particularly in Chinese and Southeast Asian tech holdings, indicating a positive outlook for the end of the year and potential growth in the tech sector.
Fat Prophets Global Contrarian Fund reported a decrease in its net tangible asset backing for October, attributed to corrections in equities and precious metals, and the strengthening US dollar. Despite these challenges, the company remains optimistic about long-term growth in precious metals and has strategically diversified its portfolio by investing in Chinese technology firms and companies like Grab Holdings and Genius Sports, which are poised for growth in their respective markets.
Fat Prophets Global Contrarian Fund announced an improvement in its portfolio performance for November, with the Net Tangible Assets (NTA) per share moving back into positive territory. This positive shift was driven by a rally in gold and precious metals, benefiting the company’s significant exposure to mining stocks, and strong performance from Japanese banks reaching twenty-year highs due to solid earnings, buybacks, and increased dividends. The announcement suggests a potential rate hike by the Bank of Japan, which could further impact the fund’s positioning and stakeholder interests.
Fat Prophets Global Contrarian Fund announced a correction to its previous ASX release, clarifying the pre-tax NTA figures for early November 2025. The fund experienced a drawdown due to a selloff in precious metals, affecting major holdings like Evolution Mining and Sibanye Stillwater. Despite this, the company remains optimistic about the long-term performance of gold and precious metals, anticipating a rebound as the US dollar’s strength wanes and economic conditions potentially lead to further rate cuts.
Fat Prophets Global Contrarian Fund reported a drawdown in early November due to a selloff in precious metals, affecting major holdings like Evolution Mining and Fresnillo. Despite this, the fund remains optimistic about the long-term performance of precious metals, anticipating a weaker US dollar and potential rate cuts to support future gains.
Fat Prophets Global Contrarian Fund Ltd. held its Annual General Meeting on November 5, 2025, where key resolutions were passed. The re-election of Director Michael Gallagher was approved, and the adoption of the Remuneration Report received significant support. These outcomes reflect strong shareholder confidence in the company’s leadership and strategic direction.
Fat Prophets Global Contrarian Fund Ltd. announced changes in its board leadership, highlighting the appointment of Michael Gallagher as the Independent Chairman and Katrina Vanstone as an Independent Director. Gallagher brings over 30 years of investment experience, having co-founded Kima Capital and held significant roles at Rand Merchant Bank and Macquarie Bank. Vanstone offers extensive expertise in financial markets, particularly in foreign exchange, interest rates, and credit markets, with a strong background in trading, sales, and syndication. These appointments are expected to strengthen the company’s strategic direction and enhance its market positioning, potentially impacting stakeholders positively by leveraging the directors’ vast industry experience.
Fat Prophets Global Contrarian Fund experienced a recent drawdown due to a correction in precious metals, despite having reduced exposure prior to the selloff. The fund remains optimistic about the long-term prospects of gold and has strategically added positions in Chinese technology companies like Alibaba and Tencent Music, anticipating potential market volatility and opportunities for growth. The fund is also monitoring key risks such as inflation, high valuations of major companies, and US-China trade negotiations, which could impact market dynamics and investor sentiment.
Fat Prophets Global Contrarian Fund Ltd. announced an estimated pre-tax net tangible asset (NTA) per share of $1.9157 as of October 15, 2025, reflecting a 1.50% increase from September 30, 2025. This positive change in NTA suggests an improvement in the fund’s asset value, potentially enhancing its attractiveness to investors and strengthening its position in the investment management sector.
The Fat Prophets Global Contrarian Fund announced an increase in its estimated pre-tax Net Tangible Assets (NTA) per share to $1.9157 as of October 15, 2025, up from $1.8874 on September 30, 2025. This 1.50% increase in NTA reflects the fund’s effective investment strategies and could positively impact investor confidence and market positioning.
Fat Prophets Global Contrarian Fund Ltd. announced a significant increase in its net tangible asset backing for September, driven by strong performances in precious metals and technology stocks. The fund’s strategic additions to key positions, such as Grab Holdings and Genius Sports, highlight its focus on long-term growth and market opportunities, particularly in Asia and China.
Fat Prophets Global Contrarian Fund announced a record high in its estimated pre-tax NTA per share, driven by gains in precious metals and strategic investments in companies like Grab Holdings and Genius Sports. Despite short-term market fluctuations and challenges, the fund remains optimistic about long-term growth prospects, particularly in sectors like AI and sports betting, with a focus on leveraging data partnerships and market positioning.
Fat Prophets Global Contrarian Fund Ltd. has announced its 2025 Annual General Meeting, scheduled for November 5, 2025, in Sydney. The meeting will address key resolutions, including the adoption of the 2025 Remuneration Report and the re-election of Director Michael Gallagher. The Remuneration Report outlines the company’s policies on director and executive compensation, linking it to company performance. Shareholders will have the opportunity to vote on these resolutions, which are advisory and do not bind the company.
Fat Prophets Global Contrarian Fund announced a record high estimated pre-tax NTA per share of $1.8719 as of October 1, 2025, and a record high closing share price of $1.51. The fund’s recent strategic moves include selling its stake in Dai-Ichi Insurance for a gain and eliminating leverage, positioning itself cautiously amid potential market volatility due to a possible US Government shutdown.
Fat Prophets Global Contrarian Fund Ltd. announced an update on their ongoing share buy-back program. As of October 2, 2025, the company has repurchased a total of 415,245 ordinary fully paid securities, including 60,000 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage capital effectively and potentially enhance shareholder value.
Fat Prophets Global Contrarian Fund Ltd. has announced a change in the director’s interest, with Katrina Vanstone acquiring 1,217 ordinary fully paid shares through a dividend reinvestment plan. This change reflects a strategic move to increase her stake in the company, potentially signaling confidence in the company’s future performance and stability, which could positively impact stakeholder perceptions.
Fat Prophets Global Contrarian Fund Ltd. has announced an update regarding its ongoing on-market buy-back program. The company reported buying back a total of 30,000 ordinary fully paid securities on the previous day, adding to the cumulative total of 325,245 securities bought back before that day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Fat Prophets Global Contrarian Fund Ltd announced the cessation of 360,000 ordinary fully paid securities due to an on-market buy-back as of September 23, 2025. This move is part of the company’s capital management strategy, potentially impacting its market positioning by reducing the number of shares in circulation, which could enhance shareholder value.