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Company Name % of Total Stock Portfolio
1 Commonwealth Bank 6.4%
2 National Australia Bank 5.6%
3 Macquarie Group 5.0%
4 Westpac Banking Corp 4.7%
5 Transurban Group 4.5%
6 BHP Billiton 4.3%
7 APA Group 4.3%
8 Woolworths Group 4.0%
9 Wesfarmers Limited 3.5%
10 ANZ Banking Group 3.4%
11 Sydney Airport 3.0%
12 Ramsay Healthcare 3.0%
13 New Hope Corporation 2.9%
14 Telstra Corporation 2.9%
15 ASX Limited 2.8%
16 Woodside Petroleum 2.8%
17 TPG Telecom 2.7%
18 AGL Energy Limited 2.5%
19 IAG Limited 2.3%
20 Sonic Healthcare 2.1%
21 Invocare Limited 2.0%
22 Magellan Financial Group 1.9%
23 ARB Corporation 1.4%
24 Suncorp Group 1.3%
25 Coles Group 1.3%
Cash and cash equivalents 7.3%
Total of Top 25 plus
cash and cash equivalents

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) with the equity portfolio managed by Contact Asset Management, an investment in BKI gives shareholders access to a diversified Australian equity portfolio.

Growing Fully Franked Dividends

BKI’s Board & Portfolio Managers 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 2019, BKI’s fully franked dividend yield was 5.1% (based on the immediate past 12 month rolling dividend** and share price of $1.715), while the grossed-up yield was 7.4% # (tax rate of 30%).

BKI has paid out over $640m or $1.02 per share in Dividends and Franking Credits to Shareholders since listing.

Pre-Tax Net Tangible Assets: $1.73
Post-Tax Net Tangible Assets: $1.61

All calculations are before providing for the FY2019 Final Dividend of 3.70cps and Special Dividend of 1cps. BKI will trade ex-dividend on 9 August 2019, with payment date being 29 August 2019.

Board of Directors

Robert Millner (Chairman), Alex Payne, David Hall, Ian Huntley, Jaime Pinto (Company Secretary).

Investment Management
Contact Asset Management provides investment management services in accordance with the directions of the BKI Board and BKI Investment Committee.
Tom Millner (Director – Portfolio Manager)
Will Culbert (Director – Portfolio Manager)

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**Includes FY2018 Final Dividend of 3.70cps and FY2019 Interim Dividend of 3.625cps and Special Dividend of 1.50cps,
# Based on share price as at 31 July 2019. Grossed up yield includes franking credits and is based on a tax rate of 30%.