ASX Announcements
Weekly Estimated NTA as at 21 March 2025
Net Tangible Asset Backing
Update - Notification of buy-back - AFI
Daily Share Buy-Back Notice
Update - Notification of buy-back - AFI
Daily Share Buy-Back Notice
Update - Notification of buy-back - AFI
Daily Share Buy-Back Notice
Update - Notification of buy-back - AFI
Daily Share Buy-Back Notice
January
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.
July 2024
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.
May 2024
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.
January 2024
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.
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.
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.
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.
July 2022
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.
January 2022
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.
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.
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.
Four ways to find diversified dividends
Income-specific managed funds can offer less risk than owning individual shares for yield.
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.
July 2021
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.
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.
October 2020
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.
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.
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.
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.
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