Authorised Investment Fund Reports 214% Growth In Interim Profit For 1HFY19- All That You Need To Know

March 20, 2019 02:01 PM AEDT | By Team Kalkine Media
 Authorised Investment Fund Reports 214% Growth In Interim Profit For 1HFY19- All That You Need To Know

Authorised Investment Fund’s strategy to invest in the high-growth companies has returned as massive as a 7 times increase in the valuation of investments. The positive momentum in investments has pulled the company’s interim profit up by giant 214% to $74,474 for the six-month ended 31 December 2018.

At the end of the year, the Net Tangible Assets of Authorised Investment Fund Limited (ASX:AIY) stood at 3.479 cents per security, up from 2.07 cents per security as reported in the previous corresponding period. The positive change in fair value of the investment was vastly seen in the valuation of 30% owned beauty brand AENEA, 10% owned Strike Marketing, 9% owned Endless Solar, 25% owned Collins Court Corporation and 40% owned Plumber Federation.

The robust financial growth underscores the company’s streamline activities which closely focus on investing in innovative companies with potential high growth as a passive investor. AIY primarily invests through providing passive equity capital to eligible small and medium-sized Australian companies that show promising prospects of growth, in accordance with the Pooled Development Fund (PDF) Act.

More on numbers front, AIY’s Profit After Tax of $74,474 for six months to 31 Dec 2018 compares to the loss of $65,580 for the six months ended 31 Dec 2017. The net assets of the company have increased to $11,880,784 at the half year on the basis of fair market value of the investee companies, up from $8,885,203 as at 30 June 2018.

AIY’s portfolio of financial assets includes the group of listed and unlisted Australian companies wherein it can be seen that the company has a special inclination for growing digital media companies like Box Digital and Asian Integrated Media. The company has massively invested in the Hong-Kong-based private digital media company, Asian Integrated Media Pty Ltd acquiring its 25% stakes and in talks to acquire further 30% stakes in its joint venture with Ambient Digital Group.

The other major sector of the company’s interest includes consumer discretionary comprising of cosmetic brand AENEA and Wine Development Fund PL. Authorised Investment Fund Limited holds 30% interest in beauty and skin-care product company, AENEA, founded by Damien Zannetou. AENEA operates as a luxury goods brand with holding company now in Australia while the operating company based in London UK. The value of AIY’s investment in AENEA increased by $373,333 during the six months ended 31 December 2018. At the same time, the valuation of Strike Marketing increased by $72,000, Endless Solar by $659,122, Plumber Federation by $284,420 and Collins Court by $89,300.

AIY’s growth driven strategy of investment has won the investors trust as the stock maintains a powerful upside position on the Australian Securities Exchange. Over the past 5 years, the stock has returned more than three-fold in its price with attractive 107.49% returns in the past 12 months.

The short-term performance of the stock has also been continually encouraging that reflects the positive movement of 159.38% in the past three months.

AIY last traded at $0.083 with the market capitalisation of $33.3 million as at 19 March 2019.


Disclaimer

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. The above article is sponsored but NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. We are neither licensed nor qualified to provide investment advice through this platform.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.