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Australia & International Holdings Limited (AIH)

Burrell's own Listed Investment Company

Australia & International Holdings Limited (AIH) is a listed public company trading on the National Stock Exchange of Australia (NSX). Its primary objective is to provide investors with dividend returns as well as capital growth.

AIH originated in 1985 when a group of investors formed an investment club. The investment portfolio was initially held by a private company, which in 1998 became the public company, AIH, with an NSX code of AID.

As at 30 June 2019, AIH had net assets of approximately $4.94M held in a strategically balanced and well-diversified set of portfolios. The majority of shareholder funds are invested over a medium to long-term period in both Australian and international companies, as well as managed funds.

As shown in Figure 1, most AIH investments are facilitated through its managed investment schemes: Burrell Australian Equities Trust (BAET), Burrell World Equities Trust (BWET), and the Burrell Smallcap, Midcap and Resources Trust (BSMaRT).

 

19 0630   AIH Percentage Holdings Diagram

Figure 1. AIH structure.
Well-diversified and stable.

As at 30 June 2019, approximately 91% of AIH’s investment portfolio was invested in BAET (51%), BWET (22%) and BSMaRT (12%). This was achieved through the following ownership structure: AIH owned 42.07% of the units on issue in BAET, 22.02% of the units on issue on BWET, and 25.16% of the units on issue in BSMaRT.

Through the three portfolios, AIH invested in the following industry sectors, countries and companies/investments:

AIH investment industry sectors 

30 Jun 19

     (%)

Energy 4.8
Materials  10.3
Industrials  6.4
Consumer discretionary 6.6
Consumer staples  2.1
Financials  41.0
Managed funds and LICs  6.6
Exchange traded funds 5.0
Others - health care, IT, telecommunications & utilities 17.2

 

Region allocation

30 Jun 19

     (%)

Australia and New Zealand  79.7
Americas 8.5
United Kingdom 1.0
Europe excl. United Kingdom 2.4
Asia Pacific excl. Australia 0.5
Global 7.9

 

Top 20 underlying investments
(approx 60% of the total value of the three portfolios, excluding cash)
30 June 2019
(% underlying portfolio)
Commonwealth Bank of Australia 11.25
Westpac Banking Corporation 4.23
BHP Billiton 4.02
National Australia Bank 3.76
Sonic Healthcare 3.54
Australia and New Zealand Banking Group 3.50
Resmed Inc 3.27
Incometric Fund (IGV) Class B 3.11
Bank of Queenslnd 2.84
SPDR SAP/ASX200 Fund ETF 2.54
ANZ USD 2.52
Suncorp Group 2.51
Aukland International Airport 2.40
Iluka Resources 1.98
Telstra Corporation 1.91
Santos 1.66
Nine Entertainment 1.58
Russell Investments High Dividend Fund 1.44
Lend Lease 1.40
Tabcorp 1.29

Shareholder information

Net Asset Value: The net asset value per fully paid share as at 12th December 2019 was $3.09.

AGM date: The next AGM will be held on 20th November 2019 at 12:00pm.

Annual Reports:

Dividend history: AIH has a strong history of paying dividends and its dividend yield compares very well.

Year  NAV (¢) Interim
ordinary

dividends
per share (¢)
Interim dividend franking (%) Final
dividends
per share (¢)
Final dividend franking (%) Total
dividends
per share (¢)
Dividend
yield (%)
2019 3.16 6.0 100 6.5 100 12.5 3.96
2018 305.00 6.0 70 6.0 65 12.0 3.93
2017 301.00 6.0 70 6.0 75 12.0 3.99
2016 282.00 6.0 75 6.0 75 12.0 4.26
2015 305.00 6.0 100 6.0 80 12.0 3.93
2014 310.00 6.0 100 6.0 100 12.0 3.87

Dividend Reinvestment Plan: AIH operates a dividend reinvestment plan that enables shareholders to receive all or part of their dividends in shares. For full details of the plan and application form, please follow the links below:

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Contact us for an obligation-free conversation.
Call 1300 4 BURRELL or read the most recent AIH newsletter for the latest news and investment results.