|Company Name||% of Total Stock Portfolio|
|2||National Australia Bank||9.1%|
|3||Westpac Banking Corp||8.0%|
|4||ANZ Banking Group||5.1%|
|8||AGL Energy Limited||3.1%|
|12||New Hope Corporation||2.6%|
|Cash and cash equivalents||1.4%|
|Total of Top 25 plus
cash and cash equivalents
Our aim is to create wealth for BKI shareholders, through an increasing fully franked dividend and capital growth.
BKI is a research driven, Listed Investment Company, investing for the long term in profitable, high yielding, well managed companies. Listed on the Australian Stock Exchange (BKI.ASX) and managed by Contact Asset Management, an investment in BKI gives shareholders access to a diversified Australian equity portfolio.
Net Tangible Asset Backing
The consolidated unaudited pre-tax net asset backing at 28 February 2017 was $1.59 per share. The company is a long term equity investor and does not intend to dispose of its total portfolio. If estimated tax at 30% on unrealised portfolio gains were to be recognised, net asset backing post-tax would be $1.50 per share.
All calculations are before providing for the Interim Dividend of 3.60cps.
BKI will trade ex-dividend on 10 February 2017. The payment date for the Interim Dividend has been scheduled for 27 February 2017.
Growing Fully Franked Dividends
BKI’s Board & Management are shareholders in BKI. We invest for the long term and focus on creating wealth for all shareholders by keeping costs low and increasing fully franked dividends and capital growth.
As at 28 February 2017, BKI’s fully franked dividend yield was 4.5% (based on the immediate past 12 Month rolling dividend** and share price of $1.605), while the grossed up yield was 6.5% (tax rate of 30%).
Board and Management
Board of Directors
Robert Millner (Chairman), Alex Payne, David Hall and Ian Huntley. Jaime Pinto (Company Secretary).
Contact Asset Management: Tom Millner (Director/Portfolio Manager), Will Culbert (Director/Portfolio Manager). Contact provides investment management services to BKI in accordance with the directions of the BKI Board and BKI Investment Committee.
**Includes FY2016 Final Dividend of 3.65cps and FY2016 Interim Dividend of 3.60cps