We are impressed with this resent listed business. Touchcorp Ltd (ASX: TCH) provides mobile phone based payment services, connecting customers and businesses directly, and related services. We consider it ethically neutral. The company has a strong balance sheet, strong prospects of profit growth and seems good value at our $1.72… read more →
Overall for the three months to September the value of our portfolio has drifter upwards by 3.6% while the ASX All Ords has drifted downwards by 7.3%. Part of our success has been due to significant increases in Blackmores and Capilano Honey. However, the rises in price for these companies… read more →
We have so far survived well the current market turmoil. There has been some defensive selling, but mainly our portfolio remains intact. Since our share price high point in July, our share valuation has declined by just 3%, taking us back towards June levels.
We are becoming concerned about Redflow (ASX: RFX). The flow battery venture should be achieving sales by now, but there is no such news. If they can’t achieve sales, they are in trouble. See our previous post. We have offloaded about 2/3 of our holding.
The increase in shareholder value based on the accounts for 2014/15 is 23.5%. (This does not include the positive effect of Franking Credits held. That would be another 1.6%.) The final dividend to be paid on 1 December is also up 25% to $5.00 per share.
We have a good start to the new financial year with our valuation per share up 4.5% for the month. Each share in August Investments now valued at $285.47.
Just after our selldown, Capilano Honey (CZZ) has announced the acquisition of KirksBees Honey. Located at Evens Head in northern NSW, KirksBees is one of Australia’s largest producers of the scarce Manuka honey, prized for its proven antibacterial qualities. This seems to be Capilano’s first move to direct ownership of… read more →
We still consider Capilano Honey (ASX: CZZ) to be an excellent company, but since we purchased shares twelve months ago the shareprice has increased by 140%. We see the value of the investment declining as the price increases. So we’ve sold about 30% of our holding, which still remains large… read more →
Energy Developments (ASX: ENE) provides remote energy from natural gas , landfill gas and waste coal mine gas. We have been assessing the company for some time. While the current value seems marginal, there also seems to be potential for improvement. Finally, last week we made a small purchase at… read more →
Infigen Energy (ASX: IFN) has sold its 18 US wind farms for US$272M to concentrate on its Australian wind and solar assets. While the amount received is less than the accounting value of the US assets, it frees up cash and will reduce the debt burden of the company. By… read more →