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 →
August Investments’ preliminary results to June 2015 are in. Shareholder value increased year on year by 24.2%. This consists of capital growth on our investments and the two dividends of $4 each paid during the period. Shares are now valued at $273.30 each (this includes Franking Credits due to shareholders).… read more →
We have a problem keeping equity investments below 70% to maintain a balanced fund. Each time we sell down something, the remaining equities in the portfolio grow even bigger. Since early May we have reluctantly sold some of our holdings in TNE, CWE, TGR, MNF, and MYT. Plus all of… read more →
Our investment team has identified significant potential for growth in the mobile phone payments and services sector. They have selected Mobile Embrace (ASX: MBE), Crowd Mobile (CM8) and Touchcorp (TCH) each for a small investment. Already we are ahead on these. Not considered green – but ethically neutral.