A newsletter has been sent to Shareholders. The main article is an overview of Australian listed geothermal exploration companies.
In June we considered Carbon Conscious Ltd to be “excellent value at current prices”. However, the company has just issued convertible notes and options to a “sophisticated investor’ on generous terms which will dilute the number of shares by 13% and possibly puts a cap on the share price of… read more →
The valuation of our shares as at 30 June 2012 has been added to the Valuation page. Eco Investor magazine has commented on the June 2012 valuation: “August Investments has released its June quarter valuation, which shows that it has sold its holdings in Energy Developments and Lynas Corporation, along… read more →
At the Australian Ethical shareholder meeting last night the dissident shareholders were unsuccessful in replacing the existing board of the company. We have grave concerns about the ongoing viability of the company based on the current marketing policy and sales practices. We are also seeing high expenses and declining income.… read more →
We have topped up our investment in Carbon Conscious Ltd at 17c ps. We consider them excellent value at current prices, especially as they have projected an exceptional profit results for 2011/12. We have also purchased shares in a new ‘neutral’ equity, M2 Telecommunications. They provide internet and data services.… read more →
An interim dividend of $5.00 per share has been declared and paid 1 June 2012. This is unchanged on the June 2011 dividend.
An article has been published in Eco Investor magazine written by our Managing Director. It looks at Tox Free Solutions Ltd. Despite being viewed as environmentally positive, well run and highly profitable the article outlines why we do not invest in this company (Hint: the problem relates to the current… read more →
Our management has become embroiled in the takeover battle for the board of Australian Ethical Investments Ltd. Should shareholders wish to discuss those events with us, call us on 0428 650 601. See Australian Ethical Investments post from March.
Carnegie Wave Energy has just received funding by way of governments grants and loan/equity investment to complete its $31.2M wave energy project at Garden Island near Perth, WA. The project will produce up to 2 MW of electricity. The energy is captured by underwater buoys which emulate the movement of… read more →
Our former subsidiary, Australian Ethical Investments Ltd, is in the news. See the article by Michael West Ethics brawl at Ethical Investment (SMH Business 29 March 2012 p4) and an alternative view by Scott Rochfort (SMH Business 2 April 2012). Several former directors maintain that staff are not happy and… read more →