Mirrabooka Investments Limited (ASX: MIR) had come forward and made an announcement about the results for the half-year which got ended in December 2018. As per the release, the company had managed to generate profits amounting to $4.62 million in the half year ended December 31, 2018 which reflects the fall of 16.2% on the YoY basis. This YoY fall was witnessed largely because of lower contribution with respect to the trading portfolio. The trading portfolio witnessed the loss amounting to $0.1 million in the half year ended December 2018 while in the same period of the previous year, there was a gain amounting to $1.8 million.
The release also stated that the company had managed garner revenues amounting to $5.18 million with regards to the operating activities which implies the rise of 0.9% on the YoY basis. The revenues which have been mentioned does not contain the capital gains which was the result of the investments. The release also that financial year witnessed the robust start and numerous mid as well as small-cap stocks’ P/E (or price-to-earnings ratios) have witnessed upward momentum. However, strong readjustment was witnessed with regards to the market sentiments at the calendar year’s end.
Therefore, the return was -7.2% (including franking) with regards to combined small as well as mid-cap sector. This return was generated on the time span of twelve months ended December 31, 2018. The company’s twelve-month portfolio (ended December 31, 2018) had delivered the return of -4.7%. The release which was published also contained information related to the opportunities to invest. As per the release, the company had managed to reap the benefits with respect to the volatility which was witnessed in the markets because numerous good-quality companies have been trading in the fair value. The company also stated that, though the volatility might sustain, the company believes that the stocks which possess high quality generally witness very rare huge sell-off once they have reached their fair value. Therefore, the company would be active with regards to the chances of deployments towards high-quality companies. They would be holding these companies for the time span of medium to long term.
We would now understand how Mirrabooka Investments Limited has performed today. On January 15, 2019, the company’s stock ended the session on the positive as the stock price closed at A$2.620 per share which implies the rise of A$0.070 per share or 2.745%. The market capitalization of Mirrabooka Investments Limited stood at ~$405.53 million. The company’s annual dividend yield stood at 3.92%.