The AGM will be held on Thursday 3 December at 4 pm. Your Notice was posted or emailed to you in early November. Directors are recommending a final dividend of $5.00 per share.
There have been many small changes to our portfolio, main due to ‘tweaking’ our investment mix. When one share investment seems overprices, we sell some of those investments; then when it seems underpriced, we buy. There have been many such moves. More structural changes include the sale of half our… read more →
Directors have recommended a final dividend of $5.00 per share to be paid on 3 December 2009. This is down $2.00 on the $7.00 final dividend paid last year. New shares will be available to shareholders on an ex-dividend basis from 31 October 2009.
The first Eco Investor Forum is to be held in Sydney on 21 October 2009. Our Managing Director has been asked to present on “Constructing and Managing a Green Portfolio”. This forum should be of interest to all Green Investors, with speakers from many green companies and funds. For more… read more →
The average balanced managed fund in Australia for the 2008/09 financial year suffered a loss of 13%, the Financial Review reported (20 October 2009, p49). In comparison August Investment’s portfolio had a loss of 9.04% over the same period. There is a difference between the two types of reporting in… read more →
Eco Investor magazine has published an article by our Managing Director, Damien Lynch, on the financial aspects of listed geothermal investments in Australia. This feature article, “Hot and Cold on Geothermal Investment”, examines nine ASX-listed companies which are exploring for geothermal energy. It compares these companies for their financial strength… read more →
Directors have adopted a new valuation for our Managed Investment Scheme (MIS) forest investments. Both Great Southern and Timbercorp are in receivership, so there is some doubt as to the level of return we may receive on MIS investments with these organisations. At the same time, it would require exceptionally… read more →
This time we have been profiled in The Sydney Morning Herald. Paddy Manning’s E-BIZ column (SMH, Weekend Business, 23-24 May 09) examines the negative impact that MIS forestry schemes, such as Great Southern, had on the capital raising of sustainable forestry projects such as our own EcoForest Limited. EcoForest and… read more →
We could not resist the comparison. The Financial Review (21 May, p1) reported that the median fall in value for super funds in the 10 months to April 2009 was 14.8%. In comparison, August Investment’s portfolio declined by ‘just’ 8.9%. The August result was after Tax and after the partial… read more →
Directors have declared an interim dividend of $5.00 per share to be paid on 1 June 2009. This is down $1.00 on the $6.00 interim dividend paid last year. Shares will be valued ex-dividend on 1 May 2009.