Profit rose by AUD 8.5 million year-over-year, with a MER of 0.14% and AUD 243 million in share buybacks. Portfolio return lagged the ASX 200, but strong franking reserves support future dividends. Directors will update on capital management at the AGM.Based on Australian Foundation Investment Co…
Net profit rose by AUD 8.5 million year-over-year, but total return lagged the ASX 200 at 0.9% versus 7.2%. The portfolio remains diversified, with strong franking reserves and active capital management, including share buybacks and selective portfolio adjustments.Based on Australian Foundation Inv…
Profit rose by AUD 8.5 million year-over-year, but total return of 0.9% lagged the ASX 200's 7.2%. Portfolio value fell to AUD 9.8 billion, with strong franking reserves and active share buybacks. Focus remains on quality, diversification, and capital management.Based on Australian Foundation Inves…
Profit rose to $293.5m with a 7.2% portfolio return, outperforming the market. Fully franked dividends totaled 31.5c per share, and $242.8m was spent on share buybacks. The portfolio remains diversified and positioned for long-term growth.Original document: Australian Foundation Investment Co. Ltd…
Tax can really move investment markets, with the best example being the shrinking property values and sales in most Australian states since the crackdown on negative gearing and capital gains tax in this year’s Federal Budget.It is fairly clear that the property market has reacted strongly and quic…
