ASX listed Pooled Development Fund, Authorised Investment Fund Limited (ASX: AIY) invests in innovative Australian small and medium-sized enterprises (SMEs) which are having a high potential for growth and thereby provide them with equity capital for growth and expansion. The company has investments in digital media, building products, solar tech, and pharmaceuticals.
One of the company’s current Investments is Aenea Cosmetics in which it holds 20% ownership. Aenea Cosmetics was founded by beauty brand and cosmetics entrepreneur, Damien Zannetou who launched Aenea Cosmetics product range in 2014. Aenea Cosmetics has a team of highly experienced individuals and companies who are focused on the luxury skin care and retail market, in the highly complex and constantly evolving beauty and wellness industry.
The company’s another investment, Asian Integrated Media (AIM) provides the best international sales representation for premium media. AIY holds a 25% ownership interest in this firm. AIM has a strong network of experienced advertising sales professionals which helps AIM in delivering the maximum level of advertising revenue for media partners.
Today, AIM and Ambient Digital Group (ADG), an independent digital media company, agreed to undertake an Australian incorporated joint venture to provide highly targeted, data driven programmatic online advertising campaigns. AIY is being offered the opportunity to acquire a 30% interest in this venture. ADG and AIM are progressing with a Non- Binding Indicative Term Sheet towards establishing the venture.
AIY has a 20% ownership interest in Box Digital Media which publishes luxury lifestyle magazine, Box Magazine. Box Magazine has been working with various leading luxury brands, and in its 12 years of publishing, it has featured many famous celebrities like Scarlett Johannsen, Jessica Alba, Angelina Jolie and many more. Box Digital Media Division has a unique and pioneering technology, E-MERSION through which the company can create real-time revenue channels for advertisers. This technology fully immerses consumers across a brand’s ecosystem by delivering tailored entertainment, educational and inspirational content.
AIY is also having a 10% ownership in Endless Solar Corporation Ltd which is a leading supplier of solar water heaters.
To further improve the company’s profit and maximize returns to shareholders, the company’s Directors continue AIY’s current strategy of investing in small to medium-sized eligible Australian companies that show promising prospects of growth. This will assist the company in achieving its long-term financial goals.
Recently the company signed a non-binding term sheet to acquire a 30% equity stake in Spartacard Pty Ltd, an early stage technology company that develops and commercializes products and services for the cryptocurrency generation.
AIY has a highly experienced management team that is being currently headed by the Non-Executirve Chairman Mr. Benjamin Genser who has been a Director of Authorised Investment Fund since 2008. The company’s Managing Director Mr. David Craig has 40 years’ experience in the investment and securities industry and in addition to the director of AIY, he is a director of other public and private companies also. Further, the company’s another Director, Mr. Chris Baring-Gould has a diverse professional experience.
Now, let’s have a glance at the company’s stock performance and the return it has posted over the past few months. The stock is trading at a price of $0.084 with a market capitalization of ~$33.7 Million as on 14 March 2019. In the last six months, the share price of the company substantially increased by 104.88% as on 12 March 2019. The three-months return offered by the stock is noted as 180%.
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