MIR - Mirrabooka Investments

[Dona Ferentes]

slides accompanying the AGM are up. The commentary is along the lines of "why and how we invest in emerging companies."

As well, for CY24, some portfolio movements have been noted.
Full EXIT : CPU
Trimmed : FPH , REH - both now out of the top 20 as per end Sept.

New :
ARX - Aroa Biosurgery
SDR - Siteminder
360 - Life360

Added to holdings :
IEL - IDP Education .. in top 20
CBO - Cobram Estates

With the movements, now in top 20 include WOR, OBJ & Indonesia

MIR shares are trading around $3.37, which is the stated portfolio NTA at end of September

 

[Dona Ferentes]

*top 20 include WOR, OBJ & Indonesia

.... make that IFM Infomedia

 

[Bellcose]

Added to my holdings in August @ $3.22 and again in September @ $3.27. I don't read the blurbs I receive from MIR.

 

[Dona Ferentes]

Mirrabooka Investments Ltd (MIR) will transfer responsibility for the maintenance of the MIR Share Register to Link Market Services Limited, effective start of business Monday, 11 November 2024.

The new share registry contact details are provided below:
Link Market Services Limited

Street Address:
Level 12
680 George Street
Sydney NSW 2024
Australia

Postal Address:
Locked Bag A14
SYDNEY SOUTH NSW 1235

Australian Telephone: 1300 551 346
International Telephone: +61 1300 551 346
Facsimile: 02 9287 0303
Website: www.linkmarketservices.com.au

 

[Bellcose]

Thanks for the info @Dona Ferentes. I can hardly contain my excitement at the thought of having to register with another share registry and then check all is in order with the holding. I never assume the details held by a new registry on transfer from the previous one will be correct.

Bother. Just remembered I am already registered with Link when SOL had Link as its registry. Now I have to dig around to find those login details.

 

[Dona Ferentes]

you'd hope they would notify us ... but probably not until 11th, when they have the details.

so don't hurry.

 

[Bellcose]

you'd hope they would notify us ... but probably not until 11th,

At 11:00 am presumably.

 

[qldfrog]

At 11:00 am presumably.

at least , that registry site is responsive and once configured, is nice to use

 

[Value Hunter]

Thanks for the info @Dona Ferentes. I can hardly contain my excitement at the thought of having to register with another share registry and then check all is in order with the holding. I never assume the details held by a new registry on transfer from the previous one will be correct.

Bother. Just remembered I am already registered with Link when SOL had Link as its registry. Now I have to dig around to find those login details.

The whole share registry industry is a dinosaur parasitic unproductive industry that needs to die. Honestly no reason for it to exist, it would be a lot better if all assets were tokenized on the blockchain which I believe will happen eventually. In the meantime it would have been better and a lot more logical if the ASX simply provided all registry services instead of having it being done by different companies. But sometimes its too hard to change legacy industries due to the power of vested interests.

 

[Bellcose]

The whole share registry industry is a dinosaur parasitic unproductive industry that needs to die. Honestly no reason for it to exist, it would be a lot better if all assets were tokenized on the blockchain which I believe will happen eventually. In the meantime it would have been better and a lot more logical if the ASX simply provided all registry services instead of having it being done by different companies. But sometimes its too hard to change legacy industries due to the power of vested interests.

Not disagreeing with you actually but it may require legislative change though since Section 168 of the Corporations Act requires companies to maintain a share register. It's that aspect which has been outsourced to share registry companies as it became cumbersome for individual companies to maintain one. Cost efficiencies and all that.

As for the ASX, not a lot of confidence there as it totally stuffed up the CHESS replacement using blockchain.

 

[qldfrog]

The whole share registry industry is a dinosaur parasitic unproductive industry that needs to die. Honestly no reason for it to exist, it would be a lot better if all assets were tokenized on the blockchain which I believe will happen eventually. In the meantime it would have been better and a lot more logical if the ASX simply provided all registry services instead of having it being done by different companies. But sometimes its too hard to change legacy industries due to the power of vested interests.

Yesterday, i received a mailbag from Automatic to tell me i updated my phone number on one of the 3 account with them
I did that but they sent me an A4 per company they managed.the packet is 3 cm high..
Worse, the web page has issue and the mobile numbered i entered got the +61 inserted in the wrong place...i have to do it again ...
There is a $ incentive to them to send endless paper, letters, etc...
I would much prefer the extra money in dividends
Meanwhile i have to sip my drinks with a soggy collapsing cardboard straw to save the planet..