Djerriwarrh Investments Limited Announces 1HFY19 Report: What Investors Need To Know


On 17 January 2019, Djerriwarrh Investments Limited (ASX: DJW) published its 1HFY19 which have been reviewed by the auditors of the company. It is an Investment Company which got listed on ASX in June 1995 under the ticker of “DJW”. Per se, it is an Investor in equities and similar securities on the stock market mainly in Australia. The main aim of the Company is to give lucrative returns to its shareholders via dividends and capital growth. A large amount of profits is paid out as dividends, which till date, have all been fully franked.

The market has been notified that the company has made the profit of $23.8 million in 1HFY19 (including unrealized gains or losses on open option positions) which is 100% ahead from $11.9 million in the prior corresponding period (PCP). This improvement happened because of an increase in investment income, with the recognition of a dividend from the Coles demerger from Wesfarmers, – better income from options activity; and the acknowledgment of notable gains in open option positions, while in the previous corresponding period these were trading at a loss. These gains can arise when prices on the underlying stocks decrease in value.

Also, the Net Operating Result for the six months was $19.6 million, which is 19.6% up over the prior corresponding period where it was $16.4 million. According to the management, this is a better measure of the Company’s performance in driving ongoing investment, trading and option income from the company’s portfolio.

Based on decent performance in 1HFY19, the Board of Directors declared a fully franked interim dividend of 10 cents per share to its shareholders. It will be paid on 21st February 2019, with the ex-date of 29th January 2019, and record date of 30th January 2019. There is no conduit foreign income component of the dividend. The final dividend for the financial year 2018 was 10 cents per share, fully franked, and it was paid to shareholders on 27th August 2018.

The company has a dividend reinvestment plan (DRP) for the interim dividend which will enable its shareholders to choose to reinvest all or up-to a portion of their dividends into new ordinary shares. Further, the pricing of the new DRP shares is based on a 5% discount to the average selling price of shares transaction on the ASX and Chi-X automated trading systems in the 5 days from the day the shares begin trading on an ex-dividend basis. 31st January 2019 is the last day for the receipt of an election notice for taking part in this plan.

The Portfolio return for the last six months until 31st December 2018, including franking, was negative 7.0%, while the S&P/ASX 200 Accumulation Index return, including franking, was down 6.2%.  Portfolio return for the year until 31st December including franking, was negative 4.4%. Including Franking, the S&P/ASX 200 Accumulation Index was down 1.4%. The profit on the portfolio (net asset banking) as on 31st December 2018, was 9.7%, including franking, while the yield on the S&P/ASX200, including franking was, was 5.8%.

We would now be understanding how the stock has performed today and how it has been performing from the past few months. On January 17, 2019, Djerriwarrh Investments Limited ended the session on the negative note as the stock closed at $3.310 per share which implies the rise of $0.060 per share or 1.78%. The market capitalization of Djerriwarrh Investments Limited stood at ~$747.42 million. In the span of previous three months, the stock had delivered the return of 3.06% while in the period of 6 months, the return was -2.32%.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Checkout our Free Dividend Stocks Report

Specially made for income-hungry investors, Invest in growing Franked Dividends an opportunity that should not be missed.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report