A stock with a large yield to offer - NAC

4 min read | August 23, 2018 03:47 PM AEST | By Team Kalkine Media

NAOS EX-50 OPPORTUNITIES COMPANY LIMITED (ASX:NAC) is an investment company which is engaged primarily in the mid-cap listed equities in both domestic and international markets. Derivatives and listed investments are the areas the company invests in. It caters to Consumer discretionary, industrials, mining, energy, financial services and insurance, consumer staples, healthcare, real estate and telecommunication services’ related sectors. It also offers a dividend reinvestment plan. An investment manager to the company is NAOS Asset Management Limited.

Updates and Financials:

For Naos Asset Management the year has been tough, and for the last three to four months the company’s two key funds did practically zero compared to 11 percent and 8 percent in the first half of the year. The market prices surged at the end of the year making the stock one of the most expensive stocks in the market. Because the chief investment officer, Evans believes the aged-care thematic is significant, Naos also invested in Japara Healthcare and believes that Japara is best to get the quality up. Consolidated Operations Group is another stock it has backed in finance broking business and Enero which reports in public relations the creative sector and technology. After raising just over $17 million, the company has launched the first listed investment company in 2013. With 8000 investors, it now has around $350 million across its listed investment companies. The company has a high concentration and conviction style of investments in the Australian listed companies outside of ASX50.

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The Naos Emerging Opportunities Company, the Naos Ex-50 Opportunities Company, and the Naos Small Cap Opportunities Company are the three listed investment companies, managed by Naos Asset Management. The company has reported a $3.9 million after-tax profit for FY 18 and has seen a positive 67.21% increase in the investment portfolio performance since inception while 10.25% increase in FY18 of the investment portfolio performance was noted. The company has declared for the fourth consecutive period a record 5.25 cents per share, an increase of 5% on the prior comparative period. As per the FY 18 final dividend and Dividend Reinvestment Plan, the ex-dividend date stands at September 3, 2018, and record date as September 4, 2018, and payment date as September 19, 2018. The updated 70% of the portfolio is represented by top 5 holdings. The company has an annual dividend yield of 5.28% which is fully franked. The price to earnings ratio stands at 17.830 and the earnings per share at AUD 0.056. The market capitalization of the stock is $52.27 million as at August 23, 2018.

Stock Movements:

The stock of the company was trading at a market price of $1.010 as on August 23, 2018 and has seen a daily price change or a rise of $0.015 or a percentage change of 1.508%. The stock has seen a performance change of -2.45% over the past 12 months.

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