The 2012 Annual Report has been sent to shareholders. It can be viewed here. The AGM will be held on Thursday 27 September at 3:00pm.
The 2011/12 company annual results are currently being released. Small adjustments are being made to our holdings. The main changes so far are: Energy Action continues to impress. Profit is up 6% and Cash Flow is up 43%. Even more shares have been purchased in this company at $1.95. Bendigo… read more →
A number of small adjustments were made to our investment portfolio in July. Based on expected profit results for 2011/12, additional shares have been purchased in Energy Action and M2 Telecommunications. After the disappointing results from our recent research into geothermal explorers, we sold all our holdings in Greenearth Energy,… read more →
A newsletter has been sent to Shareholders. The main article is an overview of Australian listed geothermal exploration companies.
In June we considered Carbon Conscious Ltd to be “excellent value at current prices”. However, the company has just issued convertible notes and options to a “sophisticated investor’ on generous terms which will dilute the number of shares by 13% and possibly puts a cap on the share price of… read more →
The valuation of our shares as at 30 June 2012 has been added to the Valuation page. Eco Investor magazine has commented on the June 2012 valuation: “August Investments has released its June quarter valuation, which shows that it has sold its holdings in Energy Developments and Lynas Corporation, along… read more →
At the Australian Ethical shareholder meeting last night the dissident shareholders were unsuccessful in replacing the existing board of the company. We have grave concerns about the ongoing viability of the company based on the current marketing policy and sales practices. We are also seeing high expenses and declining income.… read more →
We have topped up our investment in Carbon Conscious Ltd at 17c ps. We consider them excellent value at current prices, especially as they have projected an exceptional profit results for 2011/12. We have also purchased shares in a new ‘neutral’ equity, M2 Telecommunications. They provide internet and data services.… read more →
An interim dividend of $5.00 per share has been declared and paid 1 June 2012. This is unchanged on the June 2011 dividend.
An article has been published in Eco Investor magazine written by our Managing Director. It looks at Tox Free Solutions Ltd. Despite being viewed as environmentally positive, well run and highly profitable the article outlines why we do not invest in this company (Hint: the problem relates to the current… read more →