I just wanted to thank you for your years of support both though August Investments and personally. To think that so many years ago we got together and trusted the world and its leaders were interested in saving our beautiful Mother Earth . It has certainly been an interesting journey,… read more →
Much has happened since the last post. Once word got around that we were closing down operations, a number of individuals and organisations expressed interest in taking over the company. We conducted an auction to achieve the best result for shareholders and the listed Australian Ethical Investment Ltd (and our… read more →
Directors have decided to defer an interim return of capital and payout all remaining funds in one return, possibly in September this year. The timing will depend upon preparation of the 2018/19 accounts and the date of the AGM, where Shareholders will be asked to approve this final return of… read more →
The first Return of Capital of $80 per share took place in February. Since then most of our investments have been sold, including the majority of our listed investments. Unlisted investments are in the process of being put out to tender to those shareholders interested in taking them on. The… read more →
The proposed initial return of capital to shareholders of $80 per share was supported unanimously at the AGM on last Saturday. Due to the short period till we close up before Christmas, the preparation of documentation and transfer of funds to Shareholders will now take place in early 2019. All… read more →
Despite the intention to wind up the company, we have initiated two new green investments which, though speculative, could provide good capital growth over the next twelve months or so. These are Calix Ltd (reinventing the kiln process to produce high purity, ultra fine materials at low cost; products such… read more →
The dividend to be paid on 3 December 2018 is is another large fully franked dividend of $32 per share. It is part of the ongoing return of funds to shareholders. It is not expected that further large dividends of this nature will be paid. Further returns of funds will… read more →
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 →
The windup process is now underway with the first increased dividend paid in June. We have been slowly selling off listed equities if they show any weakness. We will get serious on those still held in the first half of 2019 – may as well make profit for shareholders while… read more →