Our portfolio fell in value by 3.8% over February. It had to happen eventually. Some of this decline was retraced in March, with a rise in value of 2.3% Still, so far this financial year our shares are up 15.1%. over that period the All Ordinaries Index was down 5.5%.
We are concerned that markets in Asia (Australia included) and Europe have entered ‘crash’ territory; so far the US markets have held back – just. Values are in constant decline, even our own investments. Do we stand firm as the avalanche approaches, or do we join the mob? We are… read more →
The value of our shares was down 3.2% over January. This is the first decline for some months, but is a significant improvement on the falls recorded by markets generally. August Investments shares have increased in value by 16.9% over the last seven months. Each shares is valued at $314.40.
We now assess the likelihood of significant declines in equity ASX prices as high. Based on this we have sold some shares to bring them into line with their value allocation and sold all of others deemed too risky to hold. Some of our shares in Blackmores, Carbon Conscious, Capilano… read more →
Based on a preliminary valuation at the end of December, our shares are up 4.2% for the month and 20.7% for the half year. The ASX All Ordinaries is up 2.4% over December and down 2% for the half year. The green investments have performed exceptionally, but it should be… read more →
Australian Ethical Investments (ASX: AEF) has foreshadowed a profit increase for the December half year between $1.45M and $1.75M. This is an increase of approximately 180% on the previous year. After the fall in profit for the 2015 FY, this increase takes the company’s profit back up to the record… read more →
The Australian Renewable Energy Authority has contributed $4 million towards the plans of Genex Power (ASX: GNX) to convert an abandoned Queensland gold mine into one of Australia’s largest solar and pumped hydroelectric storage plants. The first such large scale pumped storage project since the Snowy River Scheme, two disused… read more →
We just reinvest in Carbon Conscious (ASX: CCF) (see previous post) when they announce that they are moving into high intensity dairy production in Western Australia. The milk will be sold into the Chinese market. While this move cashes in on the mania for anything associated with the words “food”… read more →
Dividend reinvestment shares have been issued at $310 per share. This is a slight discount to the current new share issue price of $315 and about the same as the current per share asset value. Statements will be sent to Shareholders on Monday.
December Eco Investor magazine has an article by our Managing Director examining Australian Ethical Investments Ltd (ASX: AEF) as a value investment, despite large increases in the share price. A complimentary read is available here.