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 →
This time we have been profiled in The Sydney Morning Herald. Paddy Manning’s E-BIZ column (SMH, Weekend Business, 23-24 May 09) examines the negative impact that MIS forestry schemes, such as Great Southern, had on the capital raising of sustainable forestry projects such as our own EcoForest Limited. EcoForest and… read more →
We could not resist the comparison. The Financial Review (21 May, p1) reported that the median fall in value for super funds in the 10 months to April 2009 was 14.8%. In comparison, August Investment’s portfolio declined by ‘just’ 8.9%. The August result was after Tax and after the partial… read more →
Directors have declared an interim dividend of $5.00 per share to be paid on 1 June 2009. This is down $1.00 on the $6.00 interim dividend paid last year. Shares will be valued ex-dividend on 1 May 2009.
Australian geothermal reserves will provide an important source of power in the future. As well as being carbon neutral, it is estimated that electricity generated from a commercial field pumping heat out of the earth will be cost effective compared to electricity generated from coal. We have a core investment… read more →
Eco Investor is a specialist electronic magazine about environmental investment. The April 2009 edition of Eco Investor has a feature article “Australia’s First Green Fund Still Performing.” This article examines August Investment’s history, investment policies and current portfolio, comparing our company with similar mainstream funds. This magazine provides monthly articles… read more →