Australian Foundation Investment Company (ASX:AFI) FY24 half-year results
CEO and Managing Director Mark Freeman and Portfolio Manager David Grace discuss the FY24 half-year results of Australian Foundation Investment Company (ASX:AFI).
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Australian Foundation Investment Company (ASX:AFI) FY23 full year results
Mark Freeman, CEO and David Grace, Portfolio Manager discuss the FY23 full year results of Australian Foundation Investment Company (ASX:AFI).
Read MoreThe Impact of Inflation and Interest Rates on Investments
AFIC’s David Grace comments on the recent change to RBA monetary policy and the positioning of AFIC’s portfolio of high-quality company investments in this environment.
Read MoreAFIC Profit Up, Outperforms ASX-200 in First Half
AFIC Managing Director, Mark Freeman, discusses the LIC’s strong performance for the first half of the 2021/22 financial year and outlines what the outlook is for the future.
Read MoreEarnings Surge but Dividend Steady for AFIC
Unlike its smaller associate Djerriwarrh Investments, Australian Foundation Investment Co (AFIC) did not lift the company’s interim dividend, despite a surge in income and earnings.
Read MoreThings Looking on the Up for LICs
Friday’s December half figures from Djerriwarrh Investments gave us a good idea of the way most of the listed investment company sector will report their interim results.
Read MoreA Positive Year for the Banks
It’s been a good year for the ‘Big Four’ banks as they have returned to pre-pandemic profit levels, and AFIC has benefited from a higher level of dividends reflective of the better outlook.
Read MoreDoes Size Matter for Listed Investment Companies?
With some merger and acquisition activity starting to happen in the LIC space recently ‒ investors may be wondering if size matters with LICs. Well, according to AFIC, it does and it doesn’t.
Read MoreSucceeding Over the Long Term
Australian Foundation Investment Company (AFIC) Managing Director Mark Freeman explains why AFIC has held some stocks for 90 years and how it benefits investors.
Read MoreThe Advantages of a Traditional LIC
Amid the massive boom in Listed Investment Companies (LICs) and Trusts (LITs) over recent years, there’s a lot to be said about the advantages of a ‘traditional’ LIC, such as AFIC.
Read MoreDiscount vs Premium: How AFIC looks at NTA
As investors continue to look for opportunities to increase their exposure to shares against a backdrop of record-making low interest rates we believe it is important to reignite a conversation about how AFIC is valued.
Read MoreAFIC Dips Into Reserves To Support Dividend As Profit Slips 40%
Australian Foundation Investment Co is dipping into reserves to pay an unchanged final dividend for the year to June 30 after a big fall in profit.
Read MoreAFIC Discuss Their Investment Process
Mark Freeman Chief Executive Officer & Managing Director at Australian Foundation Investment Co (ASX: AFI) provides an update on the LIC’s investment process and investing philosophy.
Read MoreBell Potter LIC March 2020 Quarterly: Top Investment Picks
Will Gormly provides a comprehensive update on Australia’s LIC market for the March quarter and highlights MFF Capital Investments, Magellan Global Trust, and Australian Foundation Investment Company as top picks in the sector.
Read MoreAFIC Discusses The Changing Profile Of Its Portfolio
Australian Foundation Investment Company (ASX: AFI) CEO and Chief Investment Officer Mark Freeman discusses the recent changes made to their investment portfolio.
Read MoreLeading LIC AFIC Rotates Out Of Banks, Resources
Australia’s largest LIC has revealed a significant switch in its investments which has seen it slash its involvement with the country’s banking, finance and resource sectors.
Read MoreAFIC Dividend Reverts As Earnings Slide
Like its stablemate, Mirrabooka Investments, the disappearance of the threat to dividend imputation from an ALP win in the 219 federal election saw Australian Foundation Investment Co, the country’s biggest listed investment co (LIC) slash returns to its investors for the six months to December 31.
Read MoreFranking Frenzy Feeds Into Record AFIC Result
2018-19 was a one-off record for Australian Foundation Investment Company, the country’s biggest LIC and for that, it can thank the ALP’s election policy that threatened franked dividend credits for non or low taxpaying investors.
Read MoreAFIC Sees Better Value Emerging On The ASX
There’s value back in the market say the directors of the country’s biggest listed investment company which holds a near $7 billion investment portfolio consisting of the bluest of local blue-chips.
Read MoreAFIC Unveils Special Dividend Despite Weaker Performance
Shareholders in Australian Foundation Investment Company had some good news yesterday in the Melbourne-based investment group’s interim results – a special dividend of 8 cents a share on top of the unchanged interim of 10 cents a share.
Read MoreAFIC Misses Mid-Cap, Tech Rally
AFIC is the country’s biggest listed investment company, or LIC and it and its outriders such as Djerrawarrh Investments and Mirrabooka, not to mention rivals like Milton, caught the surge in big miners like BHP, but were undone by the weakness in bank shares.
Read MoreAFIC “Waiting For Better Prices”
Australian Foundation Investment Co, the largest listed investment company (LIC) in Australia is maintaining interim dividend at 10 cents a share after reporting a modest improvement in the six months to December 31.
Read MoreWary AFIC Maintains Dividend As Profit Eases
The largest listed investment company, Australian Foundation Investment Co, has maintained final dividend at 14 cents a share and the full year payout to shareholders to an unchanged 24 cents a share as it reported a slightly better than expected result for the year to June 30.
Read MoreAFIC Waiting For ‘Pullback’
Management of Australian Foundation (AFI), Australia’s biggest listed investment company (LIC), reckon the market is currently fully priced and can’t see any value and will wait for a sell off before trying to find value.
Read MoreAFIC Rotates Out Of Banks
Australian Foundation Investment Co (AFIC) is sending a big message to small investors – be wary of the big banks. Joining a senior fund manager from Perpetual in warning about the sustainability of the banks as big dividend generators, AFIC yesterday revealed that it was matching its words with action by selling down its stakes in the big banks.
Read MoreAFIC Trims Bank Exposure
It’s official, the group of listed investment companies have trimmed their holdings of the big banks – notably Westpac (WBC) and the Commonwealth (CBA), as it looks for better value among small and medium capitalised stocks.
Read MoreAFIC Lifts Net Profit 15.5%
An apparently solid performance in 2014-15 by Australian Foundation Investment Co (AFI), the country’s biggest listed investment company (LIC) failed to move the shares yesterday which ended up just 5 cents higher at $6.30.
Read MoreAFIC Lifts Interim Dividend, As Promised
Australian Foundation Investment Company (AFI) has met guidance for a lift in interim dividend, after a modest 4.7% rise in underlying interim earnings.
Read MoreAFIC To Ask Shareholders For Cash
Australian Foundation Investment Co (AFI), the country’s biggest listed invest company (LIC) has started the process to boost its war chest for the coming year as it searches for new investment opportunities.
Read MoreAFIC’s Overweight Bank Position
If the big four banks fail to repeat their great 2013 performance in 2014, then it will pay to know where the impact among the listed investment companies (LIC) will be hit.
Read MoreProfits: AFIC Almost Fully Invested In Market
Australian Foundation Investment Co, the country’s largest listed investment company, is taking a bullish stance on the market.
Read MoreProfits: AFIC’s Steady Year Ahead
Melbourne-based listed investment company, Australian Foundation Investment Company Ltd, says it will take a patient approach to investing in 2010-11 after its 2009-10 annual profit fell 12%.
Read MoreAFI Confident Despite Profit Fall
Australia’s largest listed investment company, Australian Foundation (AFI), says it is cautious, but confident about the outlook, despite experiencing the anticipated slump in earnings for the December half year as public companies cut dividends to preserve cash.
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