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AEF - Australian Ethical Investment

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greggles

I'll be back!
Joined
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Couldn't find a thread on AEF even though it has been around for 33 years.

It's been a good four months for AEF having risen from $1.70 in early July to over $3 today. It currently has $3.64 billion funds under management as of 30 September 2019.

Some of the company's more recent investments are:



Managing Director and CEO Phil Vernon resigned from the company on 31 August 2019 after nine years with the company. Under his leadership AEF funds under management increased from $600 million to over $3.4 billion. Some big shoes to fill there.

In the short term I think AEF may have run too far too fast, but there is clearly a lot of positive sentiment around the company. Ethical investing is certainly gaining in popularity in recent times. AEF's direction in the short term will largely depend on the direction of global markets, so it may be a good bet for those will a bullish outlook.

 
Got some share a while back, we are talking 3-5 y ago but results were not impressive at the time and i went out
 
Based on trending /fashion, should do well and end up trading above nva based on name
 
G'day all, I'm new here and still consider myself a beginner with stocks, so bare with me. I'm just wondering what am I missing about this stock.

I understand that green investing is getting more and more popular now and many Aussies may make the switch to this super fund. They had positive news with funds under management up 21% (reported in October). Dividends increased by 25%. Though these good news are not new, recent years were similar.

Though like already said in this thread since July the stock has more than doubled with a real spurt the past weeks. PE ratio is at 64. The stock however is not making much news or getting coverage at all. But still there seems to be a hype. Are people/institutions dropping other finance stocks in favor of AEF? Is this overheating?

I couldn't find recent analysis of the stock. It was in the news for it's super fund here though:

https://www.smh.com.au/money/super-...r-feet-on-climate-change-20191125-p53dsw.html

https://www.investordaily.com.au/ma...rporate-models-are-disrupting-asset-allocatio

Analysis of April: https://www.fool.com.au/2019/04/17/...estments-share-price-is-now-up-7x-in-5-years/
 
mangojoe said:
Are people/institutions dropping other finance stocks in favor of AEF?
Click to expand...

i suspect that sort of rotation would be part of it. the capital has to find a home somewhere and the banks have been under the cosh lately. look at the huge runs that blue chips like CSL and WOW have been on since the start of Oct (not quite the same percentage wise as AEF, but impressive nonetheless), then superimpose the huge falls that most of the banks (except CBA) have suffered over that time.
 
AEF is once again storming higher faster than the others. I'm wondering ... doesn't a looming recession and big increase of unemployment mean less cash inflow for super funds in general?
 
as long as mandated, Super is a never ending source of extra money as long as the demographic curve is right..
so just slower growth but growth anyway at this stage recession or economic collapse does not even matter for them
 
I talk superfund generally, not AEF investors.people who will withdraw super might actually do it for tax reason and top it back as voluntary contributions.the ones withdrawing in distress will have smaller accounts, and month in month out 10pc of salaries still drop in
Do not worry for super funds as a whole...but yes hospitality super funds will be hit, or airlines etc
 
After a recent ATH of $7.80 AEF has retreated in a pretty big way.

Looking for some support to stem the bleeding, maybe the $5 mark will be some support ?? if not $4.20 here we come.

 
But then again what do I know.

Markets down and AEF up 12.9%, very nice for holders.
 
Time to review.
Markets haven't seemed to have taken note of divvy announcement today.... or am I missing something?
All eyes probably on Z1P... hehehe.
 
2.5 cent divvy plus 1 cent special.
All 100% franked.


Australian Ethical Investment Limited
FY20 Dividend dates
A SX A N NO U NC E M E N T
Australian Ethical confirms the following details of the ordinary and special dividends announced today.
Announcement date
Wednesday 26 August 2020

Ex-dividend date
Tuesday, 1 September 2020

Record date
Wednesday, 2 September 2020

Payment date
Wednesday, 16 September 2020

Get your skates on if you want the divvy.
 
AEF rallied strongly after the COVID selloff, then price sold off quite significantly, $9 to $4. I couldn't find any reason to explain the selling other than IFL selling 2/3 of it's shareholding (Aug 20). The price was falling well before this sale. People were allowed to withdraw $10K from their SFund as pandemic relief but this fund outflow wouldn't have caused such a selloff.

If anyone has read an explanation, please share.

The AEF price chart shows a solid base pattern with a clear resistance level. This looks bullish to me and I've started a medium term trade. My initial SL is conservatively placed at 4.00. Initial target is $6.50.

 
No-one else is interested in AEF? Must be too busy counting your money. Since the last post AEF has made it's way to $11.

I put AEF into a conservative portfolio hoping that it's the right sort of set and forget position that won't require much monitoring. While it's been a good investment over the past year. It's not a set/forget type. Throughout the last year there have been many huge down days with little or unexplained reasons for them. Down days don't bother me, but HUGE down days do.

AEF had another one today. No news about it yet. The frequency of them throughout the chart makes this one a query and definitely not a set/forget position.

What irks me about this and many other investment managers are the huge fees that they gouge from the funds they manage. It's no wonder why most funds never trade above their NTA.

 
i bought in very late 2010 and added extra in June 2011 ( @ $25.45 AND $19.10 respectively) and sold out in December 2015 @ $60.50 when 'socially responsible investing ' started to morph into 'ESG'


has since done a share split

but i felt it was time to shift my investment cash elsewhere and did
 
Forgot to mention that buying these dips has been a profitable activity provided you can tolerate some further price falls. Although these dips are hard to buy.

@divs4ever I'd be much more interested in your thoughts and comments about the companies you're interested in buying now at current prices.
 
haven't followed it since the share split but it used to be a rather illiquid share back when i held ( which worked well for me )

good luck
 
Good point, the MD on AEF is still a bit thin. It's one of the reasons for large range days like today. One committed seller can go through the bids very quickly.
 
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