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| Company Name | % of Total Stock Portfolio | |
| 1 | National Australia Bank | 7.9% |
| 2 | Commonwealth Bank | 7.1% |
| 3 | Westpac Banking Corp | 7.0% |
| 4 | Wesfarmers Limited | 4.4% |
| 5 | ANZ Banking Group | 4.3% |
| 6 | New Hope Corporation | 3.6% |
| 7 | Telstra Corporation | 3.3% |
| 8 | Transurban Group | 3.0% |
| 9 | TPG Telecom | 3.0% |
| 10 | Woolworths Limited | 2.9% |
| 11 | AGL Energy Limited | 2.9% |
| 12 | APA Group | 2.9% |
| 13 | Macquarie Group | 2.5% |
| 14 | Sydney Airport | 2.4% |
| 15 | Ramsay HealthCare | 2.3% |
| 16 | Invocare Limited | 2.2% |
| 17 | IAG Limited | 2.2% |
| 18 | BHP Billiton | 2.1% |
| 19 | Sonic Healthcare | 2.1% |
| 20 | ASX Limited | 2.0% |
| 21 | Challenger Group | 2.0% |
| 22 | Woodside Petroleum | 1.9% |
| 23 | ARB Corporation | 1.7% |
| 24 | Suncorp Group | 1.6% |
| 25 | IOOF Holdings | 1.4% |
| Cash and cash equivalents | 4.9% | |
| Total of Top 25 plus cash and cash equivalents |
83.6% |
Business Overview
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 31 January 2018 was $1.65 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 $1.55 per share.
All calculations are before providing for the FY2018 Interim Dividend of 3.625cps.
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 January 2018, BKI’s fully franked dividend yield was 4.2% (includes FY2017 Final Dividend of 3.70cps and FY2018 Interim Dividend of 3.625cps** and share price of $1.755), while the grossed up yield was 6.0%*** (tax rate of 30%).
Board and Management
Board of Directors
Robert Millner (Chairman), Alex Payne, David Hall and Ian Huntley. Jaime Pinto (Company Secretary).
Investment Manager
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.
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**Includes FY2017 Final Dividend of 3.70cps and FY2018 Interim Dividend of 3.625cps.
***Based on share price as at 31 January 2018. Grossed up yield based on tax rate of 30%.