We inherited shares in AfterPay Touch Ltd (ASX: APT) after our investment in Touchcorp Ltd was merged with Afterpay Holdings Ltd earlier this year. We were keen on Touchcorp, but have decided that the merged entity does not meet our ethical criteria. Part of their business is to offer “free’… read more →
Kathmandu Holdings (ASX: KMD) has released its 2017 results and the increase in value is impressive: at AU$2.18 per share we have PE 12.6, dividend yield 5.5%, operating cashflow yield of 14.1%! and a solid balance sheet with negligible borrowing. This New Zealand company also has a strong environmental procurement… read more →
Occasionally an investment emerges representing exceptional value at the current price. At the present time we believe we are seeing two such investments listed on the ASX. Pacific Energy (ASX: PEA) got a mention here just in June. Since that time we have lifted our assessment of this remote energy… read more →
Generally, the reporting season has been positive for us, with the overall value of our equity investments continuing to increase. However, agricultural inestments have not been doing well, partly due to lower prices and partly due the usual problems with weather, water prices etc etc. We sold all our shares… read more →
It has been a difficult investment year, but 2016/17 finished on a high note. We started the 2016/17 with increases in investment values, then around October, 2016 the value of our investments slowly decreased, even at a greater rate compared with markets in general. At the end of May 2017,… read more →
The trend towards local energy generation is growing and we have found two opportunities in this area. Though similar, they are quite different in their maturity. Pacific Energy (ASX: PEA) owns and operates two hydro generation facilities in Victoria and supplies power to remote locations, mainly mining sites, including the Kalgoorlie… read more →
We have formed the opinion that there is a more than 50% chance of significant falls in equity markets both here and overseas. To protect shareholders we have been selling any equity which appear to be weak in any way – fundamentally or technically – and we have applied more… read more →
Our asset valuation has stabilised since December. As the half year reporting season progresses minor adjustments have been made to the portfolio. The most significant change is the sale of all our Redflow shares. We have great admiration for the Redflow Zcell and related large scale zinc-bromide batteries, but are… read more →
December 2016 was not our best month. While the ASX All Ordinaries index was up 2.85% for the month, the valuation of our shares was down about the same amount. Overall, our listed green investments did not perform well, but significant falls were experienced by two equity holdings, Bellamy’s Australia… read more →
We have not had a exposure to the retail sector since we divested from JB Hi-Fi (ASX:JBH) after concerns about their move into the low margin white goods sector to compete with the likes of Harvey Norman. Now we have invested into Kathmandu Holdings (ASX:KMD). After a number of bumpy… read more →