The August Investments office will be closed from Tuesday 23 Dec to Monday 5 January. For urgent matters we can still be contacted by mobile phone. Happy Christmas break to all, and a wonderful and prosperous New Year. See you in 2015.
From time to we reassess our asset allocation procedures to determine individual investment positions in our portfolio. A recent such reassessment resulted in two companies being dropped from our list of preferred investments. This is not to say that they are not sound investments, it is just that they do… read more →
Over January the ASX accumulation index was down 2.8%. The August Investments valuation was UP 0.6% in the same period—and we only have 60% of our investments exposed to the ASX.
Happy New Year and Peace, Joy and Prosperity for all.
Ecosave Holdings (ASX: ECV) has been downgraded to sub-investment status. Financials were always shaky, but we made a small initial investment based on its light green credentials. At the recent AGM, management answered our questions about future capital raisings saying that there were no such plans for the immediate future… read more →
Meridian Energy (ASX: MEZCA) has been added to our portfolio. This is a New Zealand wind energy utility recently listed on the ASX after being part privatised by the NZ Government. The current yield is extremely good at about 9%pa, but the shares are part-paid with a further NZ50c to… read more →
The November Eco Investor magazine has a positive analysis of August Investments. We have been upgraded to “Core Security”. The payment of regular dividends over a long period was a key input to this upgrade. The publication can be viewed here (link provided with permission).
Geodynamics (ASX: GDY) has been downgraded in our portfolio, but remains an investment quality speculative. We allocate speculative equities to one of three categories; Geodynamics has been downgraded from the top to the middle category. The downgrade is based on the lack of defined project completion in the short term… read more →
A final dividend of $4.00 per share, fully franked, will be paid to shareholders on 1 December 2013. The AGM will be held on 14 November 2013. The 2013 Annual Report is available here. September Assets Valuation is available here. Based on the valuations, August Investments shares are up 9.6%… read more →
The reporting season is almost over and we have re-allocated the amount to be invested in equity investments based on our assessment of their financial, environmental, social and corporate governance profiles. Tassal Group remains our key investment, allocated up to 8% of the total portfolio. Other key equity investments in… read more →