In a rare piece of good news relating to our forestry MIS investments, we are pleased to announce that our Timbercorp (in liquidation) woodlots have been harvested. An initial payment has been received from the Liquidators, with a further payment indicated for March. We expect to receive a total distribution… read more →
The people of the Victorian town of Hepburn are attempting to raise approx $8M to set up wind turbines to supply the town’s electricity. This is exactly the type of project that August Investments was set up to support. Community investment projects in Australia have many hurdles to overcome to… read more →
The Federal Government has granted $235M under the first round of funding from the Renewable Energy Demonstration Program. Of this, $90M has been granted to Geodynamics and $63M to the Petrotherm/Beach Energy joint venture to help develop their respective commercial scale demonstration electricity plants using geothermal heat. (See good article… read more →
The AGM will be held on Thursday 3 December at 4 pm. Your Notice was posted or emailed to you in early November. Directors are recommending a final dividend of $5.00 per share.
There have been many small changes to our portfolio, main due to ‘tweaking’ our investment mix. When one share investment seems overprices, we sell some of those investments; then when it seems underpriced, we buy. There have been many such moves. More structural changes include the sale of half our… read more →
Directors have recommended a final dividend of $5.00 per share to be paid on 3 December 2009. This is down $2.00 on the $7.00 final dividend paid last year. New shares will be available to shareholders on an ex-dividend basis from 31 October 2009.
The first Eco Investor Forum is to be held in Sydney on 21 October 2009. Our Managing Director has been asked to present on “Constructing and Managing a Green Portfolio”. This forum should be of interest to all Green Investors, with speakers from many green companies and funds. For more… read more →
The average balanced managed fund in Australia for the 2008/09 financial year suffered a loss of 13%, the Financial Review reported (20 October 2009, p49). In comparison August Investment’s portfolio had a loss of 9.04% over the same period. There is a difference between the two types of reporting in… read more →
Eco Investor magazine has published an article by our Managing Director, Damien Lynch, on the financial aspects of listed geothermal investments in Australia. This feature article, “Hot and Cold on Geothermal Investment”, examines nine ASX-listed companies which are exploring for geothermal energy. It compares these companies for their financial strength… read more →
Directors have adopted a new valuation for our Managed Investment Scheme (MIS) forest investments. Both Great Southern and Timbercorp are in receivership, so there is some doubt as to the level of return we may receive on MIS investments with these organisations. At the same time, it would require exceptionally… read more →