Amcil

 

 

 


   
 

About AMCIL

AMCIL was established in 1996 as a thematic investor focussed particularly on the media and telecommunications sectors in Australia and New Zealand. During 2002 the Board came to view that structural changes had occured in the media and telecommunications industries since 1996 which affected the viability and vitality of a specialist investor concentrating only on the themes of media and telecommunications. At that point, the Board recommended to shareholders that the Company's investments be progressively sold and the capital returned to shareholders. One of the key aims of this was to unlock for shareholders the value in the Company's portfolio which was not then being reflected in the Company's share price. Shareholders approved this initiative and the Board proceeded to sell down the portfolio.

As this process was nearing completion in late 2003, the Board developed a new proposal to shareholders to recapitalise the Company and to continue as a thematic investor and broaden the particular themes in which it could invest. This recapitalisation took place at a point at which all of the Company's previous capital had been repaid to shareholders with the exception of approximately $2.9 million. The recapitalisation successfully raised $41 million, with the new shares being allotted in late January 2004. In addition, 81.5 million options exerciseable for ordinary shares at 50 cents per share were issued, expiring on 28 February 2007.

The Company has been operting under this revised mandate since this date.

The specific features available when investing in AMCIL are:

  • • Access to a consistent stream of fully franked
       dividends

  • • Access to a diversified portfolio comprising
       investments in around 30 companies.

  • • Management expenses - 1.28% for the financial year
       to 30 June 2006

  • • On going capital management measures, including a    dividend reinvestment plan

  • • The intention to keep shareholders informed about    the Company's activities and performance

  • • Board and Investment Committee with investment
       skills and business experience.


  • ©Copyright 2007 AMCIL.
    All Rights Reserved
    Privacy Policy

 

 

Current Investment Performance

The Company aims to provide shareholders with attractive returns through strong capital growth in the portfolio over the medium to long term with the generation of dividend income as a subordinate, but nevertheless an important objective.

Total Portfolio Return - Percentage Per Year as at 30 June 2007

Central

Click here for full Size Image

Return on capital is measured by the change in net asset backing plus reinvested dividends and adjusting for the additional cash received during the period from the exercise of options.

Please note: AMCIL is not making any representations concerning its future investment performance. Investment markets can be volatile and can rise and fall quickly and sometimes significantly. Past performance is not necessarily indicative of future performance.