Several equities have been disposed of over the last few weeks after we changed our assessment of their viability. Carnegie Clean Energy (ASX CCE) has sold its strongest asset, Energy Made Clean, into a merger with unprofitable ASX listed venture TAG Pacific (ASX: TAG) to form a new company MPower… read more →
Several new investments have been made recently. We have reinvested into Energy Action (ASX: EAX). We divested because financials were deteriorating. This has reversed and the company represents value at current prices (Light green: value grade C3). Class Ltd (ASX: CL1) provides software services to self managed super funds in… read more →
MNF Group (ASX: MNF) have released their half year results. While most ratios are looking good (Profit, for example is up 25% on previous period) there has been a dramatic decline in Operation Cashflow. Some of this can be explained by a reversal of a dramatic increase in cashflow in… read more →
Lots of investment news and movements. Some of these are: Aconex Ltd (ASX: ACX) has received a takeover offer. This was at a price 44% greater than recent trades, almost double August Investments’ average entry price and the share price has moved close to the offer price of $7.80. We… read more →
Windlab Limited (ASX: WND) is an existing business recently listed on the ASX. It is a profitable renewable energy development company. Windlab participates in wind generation projects internationally from inception through development, financing, construction and the asset management of operating wind farms. It is a useful addition to the small… read more →
A dividend of $7.00 per share (2016: $6.00) has been declared to be paid on 1 December. Together with the dividend paid in June, 2017, this take the dividends for the year to $14.00 per share, an increase of $2.00 per share (or 16.6%) on 2016. All dividends are 100%… read more →
We inherited shares in AfterPay Touch Ltd (ASX: APT) after our investment in Touchcorp Ltd was merged with Afterpay Holdings Ltd earlier this year. We were keen on Touchcorp, but have decided that the merged entity does not meet our ethical criteria. Part of their business is to offer “free’… read more →
Kathmandu Holdings (ASX: KMD) has released its 2017 results and the increase in value is impressive: at AU$2.18 per share we have PE 12.6, dividend yield 5.5%, operating cashflow yield of 14.1%! and a solid balance sheet with negligible borrowing. This New Zealand company also has a strong environmental procurement… read more →
Occasionally an investment emerges representing exceptional value at the current price. At the present time we believe we are seeing two such investments listed on the ASX. Pacific Energy (ASX: PEA) got a mention here just in June. Since that time we have lifted our assessment of this remote energy… read more →
Generally, the reporting season has been positive for us, with the overall value of our equity investments continuing to increase. However, agricultural inestments have not been doing well, partly due to lower prices and partly due the usual problems with weather, water prices etc etc. We sold all our shares… read more →