|Company Name||% of Total Stock Portfolio|
|1||National Australia Bank||9.2%|
|3||Westpac Banking Corporation||7.6%|
|5||ANZ Banking Limited||4.5%|
|6||TPG Telecom Corporation||4.40%|
|8||BHP Billiton Limited||4.0%|
|10||New Hope Corporation||2.90%|
|12||AGL Energy Limited||2.2%|
|13||Transurban Group Limited||2.2%|
|16||Suncorp Group Limited||1.70%|
|17||Woodside Petroleum Limited||1.60%|
|18||Ramsay Health Care||1.60%|
|21||Sonic Healthcare Limited||1.20%|
|22||Coca-Cola Amatil Limited||1.20%|
|23||Primary Healthcare Limited||1.20%|
|25||Bank of Queensland||1.20%|
|Cash and cash equivalents||6.1%|
|Total of Top 25 including
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, active equities manager investing for the long term in profitable, high yielding, well managed companies. Listed on the Australian Stock Exchange (BKI.ASX), an investment in BKI gives shareholders access to a diversified Australian equity portfolio without charging external portfolio management fees or performance fees.
Net Tangible Asset Backing
The consolidated unaudited pre tax net asset backing at 31 July 2015 was $1.72 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 $1.59 per share.
All calculations are before providing for the Final Dividend of 3.65cps. BKI will trade ex-dividend on the 5 August 2015. The payment date for the Final Dividend has been scheduled for 27 August 2015.
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 31 July 2015, BKI’s fully franked dividend yield was 4.1% (based on the immediate past 12 Month rolling dividend** and share price of $1.755), while the grossed up yield was 5.9% (at a tax rate of 30%).
Board and Management
Directors: Robert Millner (Chairman), Alex Payne, David Hall and Ian Huntley.
Management: Tom Millner (CEO), Will Culbert (Senior Investment Analyst) and Jaime Pinto (Company Secretary).