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

  • Jan 17, 2019 AEDT
  • Team Kalkine
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%.


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