ASX Announcements
NTA & Top 25 Investments as at 31 January 2025
Periodic Reports - Other, Net Tangible Asset Backing
- Feb 6, 2025
- 2 pages
Half Yearly Results Webcast Presentation
Half Yearly Report, Company Presentation, Web Casts
- Jan 22, 2025
- 24 pages
January
- Opinion
- Chanticleer
A fund did the unthinkable and cut its CBA stake. Time to follow suit?
Australian Foundation Investment Company says the “extreme” valuation of the bank left it little choice but to take some profit. But our super giants aren’t stepping back.
- James Thomson
July 2024
- Opinion
- Chanticleer
CBA isn’t the only valuation puzzle for Australia’s biggest LIC
AFIC has almost $1 billion tied up in CBA stock, and is watching its eye-watering valuation closely. But it’s not CEO Mark Freeman’s only worry.
- James Thomson
May 2024
- Opinion
- Chanticleer
The stocks Australia’s biggest LIC is buying
While the LIC sector is under pressure, the 98-year-old Australian Foundation Investment Company is staying patient and hunting for value.
- Updated
- James Thomson
January 2024
- Opinion
- Chanticleer
Why Australia’s biggest and oldest LIC defied the Ozempic sell-off
Australian Foundation Investment Company boss Mark Freeman says buying CSL and Resmed amid last year’s Ozempic rout was part of a tried-and-true strategy.
- James Thomson
September 2023
Billionaires v BHP in WA’s lithium power grab
No longer the speculative domain of evangelical retail shareholders, the lithium sector has won acceptance and trust from just about everyone except BHP.
- Peter Ker and Elouise Fowler
July 2023
Rio Tinto takes $1.2b hit on Labor’s carbon plan
Australia’s new carbon policy has prompted the miner to slash the value of its Queensland alumina refineries and contributed to a 43 per cent profit slump.
- Peter Ker and Elouise Fowler
September 2022
Bargain-hunting opportunities for the brave
Taking a punt on the underlying assets of some listed investment companies is a strategy that could pay off, but there are risks in premium and discount distortions.
- Emma Rapaport
July 2022
- Opinion
- Chanticleer
This LIC has one big, unusual problem
The big premium listed investment company grandee AFIC is trading at suggests investors see its blue-chip-heavy portfolio as a safe haven for troubled times.
- James Thomson
January 2022
- Updated
- Private banking
AFIC profit surges, casts wary eye on supply chains
The listed investment company gets a bounce in profit, but warns corporate earnings may be hit by supply chain disruptions.
- Ayesha de Kretser and Liam Walsh
- Exclusive
- Wealth Generation
Millennials turn to old-school ASX stalwarts
The 94-year-old Australian Foundation Investment Company was the 12th most popular holding on the Pearler platform last year, indicating strong support from young investors.
- Aleks Vickovich
September 2021
Iron ore’s $60b dividend wave lifts all boats
Beyond the Forrest and Rinehart households, record iron ore dividends are being enjoyed by suburban charities and even Chinese state-owned entities.
- Updated
- Peter Ker and William McInnes
Four ways to find diversified dividends
Income-specific managed funds can offer less risk than owning individual shares for yield.
- Tony Featherstone
August 2021
BHP slumps on unification plan as Elliott lurks in the shadows
Some Australian investors believe unification of BHP favours British investors at their expense, as the spectre of activist investor Elliott re-emerged.
- Peter Ker
July 2021
- Opinion
- Chanticleer
Why this market veteran believes shares won’t be locked down
The sharemarket’s rise in the face of pandemic lockdowns might look odd, but the composition of the ASX is very different to the real economy, says AFIC’s boss.
- James Thomson
March 2021
AFIC sees better management ahead for Rio Tinto
The establishment investor believes Rio Tinto will be better for the executive and boardroom clean out that followed destruction of Juukan Gorge.
- Peter Ker
October 2020
- Opinion
- Chanticleer
Why our grand old LIC has dipped a toe in global shares
When you’re 92 years old, even the smallest changes can be meaningful, which is why AFIC's careful push into global share investing might be the start of something bigger.
- James Thomson
July 2020
AFIC: COVID-19 worse than GFC
The broad impact of the virus crisis will ensure it goes down in history as more damaging than the global financial crisis.
- James Frost
ASX ends higher; Gold hits record of $US1944 an ounce
The Australian sharemarket has closed higher as Newcrest and Northern Star rally more than 4 per cent. Spot gold price is trading around $US1934 an ounce after hitting a record high of $US1944 an ounce. RBA's Chris Kent urges banks to sign up to term funding facility. Lynas surges on US defence deal.
- Vesna Poljak, Robert Guy, Tom Richardson, William McInnes and Luke Housego
AFIC's Freeman cautions on elevated prices
The importance of founders with skin in the game is the reason Mark Freeman is not optimistic about the combined TPG-Vodafone business but likes Macquarie Telecom.
- Luke Housego
April 2020
Rio Tinto says pandemic no excuse to delay climate action
Rio Tinto chairman Simon Thompson's climate call comes as a company shareholder indicated he was open to dividend cuts if required to fund climate action
- Peter Ker