How Djerriwarrh Invests
The investment philosophy is built on taking a medium to longer term view of value which means the Company tends to buy and hold individual stocks for the long term based on a selection criteria which, in summary, comprises a focus on:
At the same time we concentrate on stocks where there is an active options market. This is intended to give scope for the writing of predominantly exchange traded options with the level of the portfolio ‘covered’ by call options typically ranging between 20 to 50 per cent of the total portfolio at any one time.
Djerriwarrh has also in the past issued convertible notes and has access to lines of credit that allow the Company to gear its Balance Sheet when appropriate investment returns are available to enhance shareholder returns.
We invest in Australian companies that have unique high-quality assets, brands and/or business footprints that can better withstand economic cycles. When selecting investments for our portfolio, we look for management and board strength, and sound financial metrics covering returns on investment, profit margins, cash flow and gearing.
We believe that these businesses generate superior returns over the long term.
If you’re a Djerriwarrh shareholder, it’s optional to participate in the DRP. You can choose whether to reinvest all or part of your dividends in the plan. Participants enjoy the benefits of compound returns over time with no brokerage costs when acquiring additional shares. It’s entirely flexible, allowing you to join or withdraw at any time.
For more information on the DRP, please read the DRP Rules.
When Australian resident taxpayers receive DSSP shares, no income tax is payable until the shares are sold.
The DSSP may be suitable for Australian taxpaying shareholders that:
Australian resident participants in the DSSP do not receive a dividend but in lieu of that, are issued shares. As they do not receive a dividend, they will not get franking credits or LIC capital gains tax deductions and will usually not be subject to income tax. The receipt of the substitute shares will change the tax cost base of the Djerriwarrh shares that participate in the DSSP and may therefore increase any capital gains tax paid on any subsequent disposal.
Shareholders should in all cases seek their own advice as to whether or not participation in the DSSP is suitable for them.
For more information on the DSSP, please read the DSSP Rules. We have also included a link to the Australian Tax Office Class Ruling regarding the Djerriwarrh DSSP (refereed to in the document as a bonus share plan).
The Company recently announced its intention to make an offer to shareholders for additional funds under a Share Purchase Plan (SPP). Details of the SPP are details in the Chairman's Letter and Terms and Conditions and you should read them before participating in the SPP. The additional equity raised will be used for general investment purposes.
Sign into Computershare – a secure shareholding administration platform – with your Shareholder Reference Number (SRN) or Holder Identification Number (HIN).
Alternatively, complete and return the forms below.
Interim Financial Results and Dividend Payments 2021
* these dates may be subject to change
|Monday 18 January 2021*||Interim Results Announcement|
|Friday 29 January 2021*||Interim Dividend Ex-Date|
|Monday 1 February 2021*||Record Date|
|Tuesday 2 February 2021*||Last Election Date for Dividend Reinvestment Plan / Dividend Substitution Share Plan|
|Monday 22 February 2021*||Payment Date|