Our Annual General Meeting and Other News

November marked our 22nd Annual General Meeting, held in Brisbane on the 8th of November.

Meeting Highlights

The formalities of the meeting were dealt with quickly, providing our shareholders with an opportunity to discuss the Company’s performance for the financial year ending 30 June 2019 and to preview what’s next in 2020.

Reflecting on 2019

As we approach the end of 2019, we reflect on the challenges posed by the political climate in Australia and globally, which have introduced a level of uncertainty for investors. Despite this, we celebrate the Company’s success during the year:

Strong Portfolio Performance: The portfolio delivered a robust return of 37.05% for the calendar year ending 30 November, surpassing the All Ordinaries Accumulation Index, which increased by 25.89%.
Increased Dividends: Dividends paid during the calendar year were 4 cents per share (interim FY19) and 4.25 cents per share (final FY19), marking a 6.45% increase from the previous year.
Share Price Growth: Share price rose from $1.65 at the start of January 2019 to $1.85 at the end of November 2019, reflecting a growth of 12.12%.

Recognition of Excellence

In other news, we would like to congratulate our Investment Manager, Dr. Manny Pohl, who was awarded an Order of Australia. The presentation ceremony took place in Melbourne in September 2019, recognising his significant contributions to the finance sector and the community.