Carbon Conscious Ltd is creating large scale carbon estates by planting Mallee Eucalyptus trees in the Australian wheat belt to produce carbon credits. Financially the company is profitable, receiving fees to plant the trees from large Australian companies. Profit has been growing at a fast rate, with projected earnings of… read more →
Finally – the share price of environmental stocks are showing signs of life. Most of our holdings are up over January. CBD Energy, TPG Telecom, Carnegie Wave and Kuth are up significantly. Energy Action (see below) is up 30% no less.
In 2000 we invested in Paritech Financial Services through a registered prospectus. We were looking for companies which would contribute to the paperless office. Paritech failed to live up to expectations. They stopped sending any information to shareholders and have not held a shareholder meeting since 2002. We understand that… read more →
We have identified an interesting new investment. Energy Action was listed on the ASX in October and is rare among environmentally positive equities in that it is profitable and will be able to pay regular dividends. Energy Action provides energy retrofitting services to organisations, providing them with substantial energy savings.… read more →
Victor Dolmark has retired as a director after 28 years. Victor joined the board of directors in March, 1983, just two years after the company was formed. His contribution to the governance of the company over these years – some of them during difficult times – is greatly appreciated. When… read more →
Our financial result for the year was a small loss to shareholders of 2.95%. This was substantially made up of losses on the value of our investments. Dividend payments for the year were 4.76% ($10 per share), based on the accounting value per share. We still have substantial profit reserves… read more →
The Report and meeting details have been forwarded to shareholders. Due to the poor result in 2010/11, directors have not requested any remuneration for the current year. A final dividend of $5.00 per share has been recommended, to be paid 1 December 2011.
Our attitude to Coal Seam Gas investments has been reviewed. The review revealed that we have grossly underestimated the amount of environmental damage, the density of wells and the social upheaval this is causing to farmers and rural communities. August Investments will no longer be investing in CSG. Our existing… read more →
Our financial results improved somewhat for the calendar year to 31 December – shareholder value improved by a staggering 3.2%. 3.2% is a vast improvement on the 1.3% average managed fund return for the same period as reported by Morningstar research. To put a positive spin on the situation, our… read more →