Djerriwarrh Investments (DJW)
Shares in listed investment company Djerriwarrh Investments are broadly flat over the year at $4.00 up from $3.52 in January.
Shares in investment company Djerriwarrh Investments are broadly flat over the year at $4.00 up from $3.52 in January. It continues to boast one of the biggest premiums to net tangible assets against its peers, at around 18.7 per cent, as investors are drawn to its focus on yield stocks. Its top investments as of the end of November include BHP Billiton , major banks, Telstra , Oil Search and Woodside . The S&P/ASX 200 touched its highest level in 18 months this week, and strategists point to $8.1 billion worth of dividend payments due by the end of the month as further support for dividend harvesters such as Djerriwarrh . The company posted a 22.4 per cent drop in profit for the year to June to $44.1 million but has outperformed the S&P/ASX 200 over periods of one, three, five and 10 years. The company is close to fully invested and is lifting its option coverage as the market strengthens. Key directors were re-elected at Djerriwarrh’s recent annual general meeting. Jane Searle
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