August Investments has informed its Shareholders of its first ever Share Purchase Plan. Shares are being offered to existing investors at $225, a discount of 4.3% to the price at which shares would normally be available. The initial response from Shareholders to this offer has been positive.
The month of March has topped off a remarkable quarter for August Investments. During March our shares, based on the value of our assets, have increased by 2.5% to $232 per share; for the quarter the increase has been 6.1%. To put this in context, the ASX All Ordinaries Accumulation… read more →
The Australian Stock Exchange half year reporting season just ended has seen good results for the companies we have invested in. This, together with the asset allocation method we have developed over the last two years, has seen the August Investments share valuation up by 5% in just over two… read more →
The half year reporting season has started well. Results out for two companies, Tassal (ASX: TGR) with a profit per share increase on the previous half year of 41.5% and MyNetFone (ASX: MNF) with profit up 44.5% ps. Both have increased cashflow and increased dividends.
An interesting speculative investment opportunity has emerged in Vmoto (ASX: VMT). Vmoto design and manufacture motor scooters, but now concentrate on electric scooters. They have a small presence in Europe, but during 2013 they opened a factory in China and sales there have outstripped all expectations. They supply electric scooters… read more →
The second half of 2013 continued to be financially successful: the value of each August Investment share (including dividend) was up by 12.2%. The Total Shareholder Return for the full 2013 year was 20.8%. Shares were valued at $218.82 per share, with new shares being issued at $220 per share.