During the 1980’s Brickworks Limited (BKW.ASX) established a portfolio of Australian listed Companies. The objective was to make long term investments in a portfolio of Companies that would grow over time and generate an increasing income stream.
On 17 October 2003, BKI Investment Company Limited was formed and listed on the Australian Securities Exchange to take over and manage BKW’s investment portfolio however, the objectives from the 1980’s have remained unchanged. At the time of listing total assets were circa $170 million.
In 2016, BKI externalised its management responsibilities to Contact Asset Management. Contact Asset Management’s Directors’ Tom Millner and Will Culbert were previously the CEO and Portfolio Manager of BKI.
In December 2023 BKI celebrates 20 years since listing on the Australian Securities Exchange, growing total assets from circa $170 million to circa $1.4 billion. During this time, BKI has also paid out approximately $1.0 billion in dividends and franking credits to its shareholders.