Over the month of January our portfolio increased by 1.7%, giving a share valuation of $250.10. While a good increase, we actually lagged behind our various benchmarks over that period. The All Ordinaries index was up 3% over that period. I guess we can’t beat the rest all of the… read more →
The return to shareholders over the second half of 2014 was even better than the first half year. Our share valuation (adjusted for the $4.00 dividend paid) increased by 11.1% for the six months to December to $245.84 per share. The one month increase over December was 0.9%. These increases … read more →
Meridian Energy Australia has announced that it will not proceed with a 37MW hydro power generation project in Northern Queensland due to destabilising revisions to Australian energy policy sought by the Federal Government. Meridian was planning to develop the project on the existing largest dam in Australia at Burdekin Falls… read more →
We are still uncertain of the direction markets are going to take short term. While listed equities on the ASX have been falling considerably, green and ethical investments are holding up very well. At first sight, this seems strange. The political environment would seem to be negative for such investments.… read more →
The final 2013/14 dividend is due in December. We expect this dividend to remain at $4.00 per share, but there is some doubt as to whether it will have franking credits attached. Basically, we have run out of such tax credits. We do expect the balance to build up again,… read more →
A fully franked 2013/14 interim dividend of $4.00 per share was paid on 2 June 2014.
Ten shareholders took advantage of the SPP, adding an additional 10% to our equity. The good results reported for the first Quarter of 2014 have continued for April and into May, so they are laughing.
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 →