AEF - Australian Ethical Investment

[peter2]

The "dumb dollars" investing in ETFs are getting a better bang for their buck. However there's a lot of "dumb" thematic ETFs out there that will be poor investments.

Most fund managers have good periods of outperformance but then get stuck in their investment thesis and are unable or unwilling to adapt to changing economic conditions. I see it in my portfolios, one month they're flying high and the next they're falling behind the index. I reset, by selling the losers and buy what's going up. The large fund managers don't seem to be able to reset.

Retail traders are much more flexible. We can wait until AEF starts going up again to buy. However AEF is unlikely to be in my trading universe any time soon. Mgt fees and "bonuses" are too outrageous and are investor ripoffs.

 

[divs4ever]

What share spilt?

Or are you talking ancient history?
Nothing showing up for the last 3 years in the way of splits, according to Westpac charts.

not that ancient ( history )

i bought some in Sept. 2010 ( one of the first stocks i bought ) @ $25.45 and a second lot in June 2011 @ $19.10 , rescued the investment cash in April 2014 @ $36.50 and exited completely December 2015 @ $60.50

and am pleased to say most of the price drop was a share split after i left the share ( unlike several others i hold which have dropped 80% and 90% without the need of a share-split , and sometimes despite a share consolidation )

now everyone and their shaggy dog , are offering "ESG' funds the description of 'ethical' has become muddied

so AEF might be losing it's reputation edge in the current climate

The investible dumb dollar is going to ETFs.

i fear you are correct , sadly

 

[divs4ever]

Mgt fees and "bonuses" are too outrageous and are investor ripoffs.

when i held them , they were producing the returns to justify those performance fees ( and when a manager does that i will happily let them enjoy their bonuses ) , i rarely glance at them recently

however most fund managers have their bad years

 

[JohnDe]

AEF looks like it has had a heart starter today. With the election over and a Labor win, and don't forget that the Greens did very well, there is going to be a lot of positives for environmental investments.

Green investors tip renewable energy revival

Anthony Albanese‘s pledge to make Australia a renewable “superpower” may spark a spending surge in new green projects as confidence returns to the sector, major clean energy investors said.

The Clean Energy Investor Group, whose members control $24bn of energy generation across 70 power stations, said Mr Albanese‘s win would help turbocharge spending given Labor’s plan to boost the share of renewables in the national electricity market to 82 per cent by 2030, nearly triple current levels.

Financial commitments for new large-scale renewable energy projects fell 17 per cent last year to $3.7bn due to policy uncertainty and grid connection issues.

“Australia has suddenly re-emerged on investors‘ radars. The election outcome is deeply consequential for clean energy investment opportunities in Australia. The message from the incoming Prime Minister is clear. He wants Australia to be a renewable energy superpower. And that will send an enormously positive signal, right across the sector, about the opportunity in the Australian market,” CEIG chief executive Simon Corbell told The Australian.

“We now have a national government that will not simply grudgingly accept the energy transition, but which will enthusiastically embrace it. And that‘s enormously positive for investor sentiment.”

Labor’s $20bn Rewiring the Nation fund to ensure the grid is rebuilt to accommodate growing sources of solar and wind will be critical for Australia to hit the ambitious 2030 renewables target.

Over $12bn of power transmission projects are required to be built over the next decade to keep pace with a rapid influx of renewable energy and storage in different locations to the big coal generators that have historically provided the bulk of supply.

“There are billions of dollars worth of capital waiting to invest in the Australian market. There is more capital than there are projects. And the challenge is getting projects ready, so that they are investable, and that‘s really been the main blockage that we’ve been facing in the market to date,” Mr Corbell said. ”And that’s driven by the problems around grid access and congestion primarily.”

Labor’s energy spokesman Chris Bowen has been critical of the current investment test for transmission, known as the RIT-T, saying it can delay projects unreasonably and has called for a major reworking of the scheme.

The industry has also grown frustrated that funding barriers and issues with the default regulatory investment test were stifling Australia’s clean energy transition at a critical time for the sector.

Executing reforms will now be needed to ensure investors are on board, the CEIG said.

“The detail is going to be critically important. Investors will be looking very closely at the detail of Labor’s implementation program, and its willingness to get to grips with some of these really difficult issues of market design,” Mr Corbell said.

“But the signal is clear. And the signal is what we need first and foremost, from the top and from the new leader of the government, he wants us to be a renewable energy superpower. And we will now be looking to see that translated into the reforms that are needed to unlock the capital that‘s required.”

Labor campaigned on a 43 per cent emissions reduction cut by 2030 compared with the Morrison government‘s 26-28 per cent goal, but Mr Corbell does not expect Mr Albanese to immediately hike the target further amid pressure from independent and Green candidates.

“I think Albanese‘s leadership will be decisive, but cautious in that he won’t attempt to overreach. He will want to keep faith with the community and deliver what he has outlined,” said Mr Corbell, a former ACT Labor energy minister.

“The reality is that there will be pressure to go further, but I think Labour will build a consensus to try and realise an even greater level of ambition over time.”

Clean Energy Council chief executive Kane Thornton said on Twitter that Australia just “took a big step toward becoming a global clean energy superpower” following the election result.

PERRY WILLIAMS SENIOR BUSINESS WRITER

 

[frugal.rock]

Picked up a small order of this lately, a base for a long hold, will add to it along the way. Hopefully it stays above the $3 level now.

Q, does it have a DRP ? ?

 

[frugal.rock]

Out today.

Q, does it have a DRP ? ?

Not to my knowledge looking at Feb dividend notice.

 

[frugal.rock]

Another good announcement today. FUM and profit on the rise.
Best look at it yourself if interested.

 

[finicky]

Agree that it appears there is no DRP, going by their Commsec profile and also the Feb dividend announcement.

We do not have a securities plan for
dividends/distributions on this security

Not Held

 

[frugal.rock]

Agree that it appears there is no DRP, going by their Commsec profile and also the Feb dividend announcement.

It's a shame they don't. I would have plowed a lot more into it if they did.
Kinda' unethical really. ?

 

[frugal.rock]

Chart update

 

[Country Lad]

Another good announcement today. FUM and profit on the rise.
Best look at it yourself if interested.

I finally did have a quick look last night, @frugal.rock. It is one of those that has been coming up on & off in the scans since June but I just glossed over it. Up again on a bad day today, so will now have a closer look.

 

[frugal.rock]

I got bored with it.
Took the profit and recent divvy and ran, only just yesterday.
50+% up and close to $5 mark had me exit.
Trend still looks good though.
Exited purely as a rotate into a stonk where NST owns ~11.2% of...PXX (where the P equals potential, and the x's are a double unknown quantity).

 

[divs4ever]

I got bored with it.
Took the profit and recent divvy and ran, only just yesterday.
50+% up and close to $5 mark had me exit.
Trend still looks good though.
Exited purely as a rotate into a stonk where NST owns ~11.2% of...PXX (where the P equals potential, and the x's are a double unknown quantity).

was tempted to re-enter was watching intently after the share-split

but then noticed the 'E' in their ESG mandate changed from Ethical to Environmental and a trail of dust i raised ( to get the heck away )

 

[frugal.rock]

and close to $5 mark had me exit.

So, in hindsight, I was 2 days early off the peak.
Have seen plenty of stocks not quite hit those psychological price barriers, which was why I didn't mind jumping a tad early.
Price has rapidly reversed.
A possible scenario is; I expect it to play back and forth around the $4 mark (similar to previous behaviour around the $3 point) before possibly resuming up trend. No guarantee though!

PS, I hope you didn't enter it around $5 @Country Lad ?!

 

[Country Lad]

PS, I hope you didn't enter it around $5 @Country Lad ?!

No @frugal.rock, fortunately too busy loading up the motorhome. We set off on Sunday 24th and no thought of shares for the first week.

 

[frugal.rock]

So, in hindsight,

Crystal balls

A possible scenario is; I expect it to play back and forth around the $4 mark (similar to previous behaviour around the $3 point) before possibly resuming up trend. No guarantee though!

View attachment 163670

PS, I hope you didn't enter it around $5 @Country Lad ?!

 

[frugal.rock]

Exited purely as a rotate into a stonk where NST owns ~11.2% of...PXX (where the P equals potential, and the x's are a double unknown quantity).

Took way longer than expected... still holding though

 

[JohnDe]

Looks like the market liked today's update. I wonder how long for.

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02776165-1K96GTGAAVGMP6LEP403309R26/pdf?access_token=0007cg7BwwZWUF0eRWpcR6qV9CyS

 

[frugal.rock]

Chart update
They really need a DRP, a real shame they don't have one.