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Announcements

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Shareholder newsletter (ASX announcement)
The attached shareholder newsletter (April 2008) is being sent to Australian Ethical Investment Limited’s shareholders.

26 March 2008

Resignation of Investment Manager (ASX announcement PDF file 57KB)

Australian Ethical advises that Mr David Ferris has today indicated his intention to resign as the company’s Investment Manager.  David’s resignation will take effect from 27 March 2008.

29 February 2008


Half-year results and interim dividend to Dec 2007 (ASX announcement - PDF file 204KB)
The Australian Ethical® group half year result to 31 December 2007 is a NPAT of $1,083,326. The strong result is 41% greater than the previous corresponding period.

21 February 2008

Interim dividend and DRP (ASX announcement - PDF file 56KB)
Australian Ethical announced to the market yesterday its half year results and an interim dividend. The company wishes to advise that the dividend reinvestment plan will not operate in respect of this interim dividend.

22 February 2008


Letter to shareholders re Pearson correspondence

23 January 2008 

World Trust Distribution

The Australian Ethical World Trust has not paid a distribution for the six months to 31 December 2007, although the Trust did make a positive return (see your Periodic Statement enclosed). The World Trust’s return for this period consists solely of capital growth.

Equities portfolios tend to focus on capital growth as opposed to income generation. This situation is exaggerated in an international equities portfolio such as the World Trust. Australia's taxation regime is more concessional towards dividend payments by companies than most other countries around the world. This means that dividend rates (and hence the income component of portfolio returns) are generally lower - often much lower - in overseas countries than in Australia. Additionally the World Trust invests in many early-stage industries like wind and solar power. Companies in such industries tend to reinvest more of their profits back into the business than mature companies, which are more likely to pay out profits in dividends. This tends to push the balance of returns for the World Trust away from dividend income and in favour of capital growth.

16 January 2008

1st half profit expectation (ASX announcement - PDF file 87KB)

Australian Ethical Investment Limited advises that profit for the first half to 31 December 2007 is expected to be approximately 42% above that recorded for the previous corresponding period or approximately $1.09M. This expectation is based on unaudited management accounts to end November 2007 and on estimates for the December 2007 month.

18 December 2007

AGM

The Australian Ethical Annual General Meeting was held on Thursday, 22 November 2007.
See Results of the AGM 2007 (ASX announcement - PDF file 70KB).

23 November 2007

Correspondence to shareholders from Dr Robert Pearson
ASX announcement (PDF file 50KB)

Further information: Shareholder centre

9 November 2007


Issue of shares and changes to unquoted options under employee share ownership plan; employee share scheme buy-back
ASX announcement (PDF file 190KB)

9 November 2007

Corrections to Annual Report

ASX announcement - including Annual Report (PDF file 2.0MB)
On 31 August 2007 Australian Ethical lodged its 2007 directors’ report and financial statements with the ASX. On 19 October 2007 Australian Ethical lodged its 2007 Annual Report with the ASX which included the directors’ report and financial statements. The company has since discovered that in several areas the directors’ report and financial statements included within the Annual Report were not consistent with those lodged on 31 August 2007 (which were correct).  This occurred because of errors and omissions in incorporating the 31 August 2007 material into the graphic design version of the Annual Report.

1 November 2007

ASX announcements:
Notice of Annual General Meeting  - Thursday 22 November 2007 (PDF file 0.2MB)
Annual Report (PDF file 1.9MB)
Shareholder Newsletter - Oct 2007 (PDF file 0.3KB)

19 October 2007

Employee options and employee share scheme buyback. (PDF file 92KB)

17 October 2007

Appointment of new chair

Australian Ethical Investment Ltd advises that the board of AEI has appointed Ms Naomi Edwards as Chair with immediate effect. ASX announcement (PDF file 84KB)

4 September 2007

AEI full year results

Australian Ethical is pleased to announce that the Australian Ethical group (Australian Ethical Investment Ltd and its wholly owned subsidiary, Australian Ethical Superannuation Pty Ltd) has recorded a consolidated net profit after income tax expense for the year ending 30 June 2007 of $1,819,177. ASX announcement (PDF file 94KB).

31 August 2007

Financial statements

Australian Ethical Investment's financial results to 30 June 2007 (PDF file 390 KB) have been lodged with the ASX today.

31 August 2007

Employee options and employee share scheme buyback 2007 (ASX announcement - PDF file 57KB)

31 August 2007

Subprime debt and market nervousness

Recent media reports have highlighted the risks facing global financial markets due to the poor lending practices of American subprime mortgage providers. Subprime mortgages are typically used by borrowers with poor credit history who are unable to access standard mortgage products with lower interest rates.

Australian Ethical fixed interest investments
Australian Ethical does not invest in any subprime mortgage debt in our fixed interest portfolio. We have no obvious exposure to ‘at risk’ issuers of subprime mortgages. Australian Ethical’s fixed interest portfolio is comprised predominantly of high quality credits, such as senior Australian bank debt and AAA mortgage-backed securities.

Australian Ethical equity (share) investments
Australian Ethical has always focused on quality companies. During market downturns, our portfolios have a history of relative out-performance compared with the broader market. We remain committed to investing in quality shares taking into account ethical, governance and financial strength. Equity markets are by their nature volatile, with periods of strong rises and sharp corrections. This is why people investing in equities are encouraged to take a long-term view (we recommend 5–7 years in our PDS). Recent market falls seem large when considered in isolation, but less so in the context of the preceding four consecutive years of double-digit returns. For investors looking at equity performance over a long period, even events such as the 1987 share market crash can ‘wash out’ and become a blip on the long-term chart.

The above does not take into account your objectives, financial situation or needs. You should consider these matters before making an investment decision. Consult a licensed financial adviser for advice on the most appropriate investment strategy for your circumstances.

17 August 2007

Resignation of Pauline Vamos  (ASX announcement - PDF file 62KB).

6 August 2007

Full year profit expectation

Australian Ethical Investment Ltd's expectation is that profit for the year to 30 June 2007 will be approximately 33% above that recorded for the previous corresponding period. Download ASX announcement on profit expectation (PDF file - 22KB)

1 August 2007

BPAY®

A BPAY facility is now available for our investment trusts. BPAY allows you to make investments without sending us a cheque. Every investor will receive a BPAY reference number. Your reference number appears on page one of the distribution statement.

When you use BPAY simply quote your BPAY reference number and the biller code of the relevant investment trust. Each of our five trusts has a separate biller code. If you wish to invest in more than one trust you will need to make more than one BPAY payment. You can find the biller codes on our website or in the new PDS.

Telephone and internet banking - BPAY: Contact your bank, credit union or building society to make this payment from your cheque or savings account.
More info: www.bpay.com.au

® Registered to BPAY Pty Ltd ABN 69 079 137 518

30 July 2007

Investment trust unit pricing announcement for the forthcoming July 2007 distribution

5 July 2007

Ethical art prize 2007 - winning entry

20 June 2007


Full year profit expectation (ASX announcement - PDF file 14KB)

20 June 2007

Shareholder newsletter - May 2007 (ASX announcement - PDF file 1.1MB)

Change of business premises and registered office. (ASX announcement - PDF file 16KB)

For more details about Australian Ethical's 'green' office building see Trevor Pearcey House.

15 March 2007

Appointment of Justine Hickey as Independent Director.  (ASX announcement - PDF file 23KB)

28 February 2007

Payment date for interim dividend. (ASX announcement - PDF file 33KB)

26 February 2007

Financial statements

Australian Ethical Investment's financial results to 31 December 2006 (PDF file 340 KB) have been lodged with the ASX this morning.

26 February 2007

Change of superannuation administrator (ASX announcement - PDF file 17KB)

2 February 2007

Resignation of CFO (ASX announcement - PDF file 22KB).

Australian Ethical advises that Mr Mark Bateman has today resigned as Chief Financial Officer. The resignation takes effect from 1 February 2007. Mark will also resign as an alternate company secretary.  Mark’s resignation follows his decision to return to Western Australia for family reasons.

17 January 2007

Unquoted options under employee share ownership plan
(ASX announcement - PDF file 23KB).

15 January 2007

Proposed new international trust

Australian Ethical has announced an intention to establish an international trust in the first half of 2007 (the “Australian Ethical World Trust”).  We are currently working towards establishment of the World Trust.  At this stage, we would expect that the Australian Ethical Superannuation Fund will also offer a “world strategy” through corresponding investment in the World Trust.  We will keep unitholders and members informed as establishment of the new trust progresses.

21 December 2006

1st half profit expectation (ASX announcement - PDF file 23KB)

Australian Ethical Investment Limited advises that profit for the 1st half to 31 December 2006 is expected to be approximately 40% to 55% above that recorded for the previous corresponding period. This expectation is based on unaudited management accounts to end November 2006 and on estimates for the December 2006 month.

18 December 2006 

AGM

The Australian Ethical Annual General Meeting was held on Thursday, 23 November 2006.
See Results of the AGM 2006 and CEO's and Chair's presentations (ASX announcements - PDF files).

Further information is availabe in the Shareholder Centre.

24 November 2006

Issue of shares and changes to unquoted options under employee share ownership plan; employee share scheme buy-back.
(ASX announcement - PDF file 65KB).

30 October 2006

Appointment of new chair - resignation of George Pooley (PDF file 17KB)

13 October 2006

Employee options and employee share scheme buyback. (PDF file 27KB)

Lodgement of Offer Information Statement. (PDF file 387KB)

11 September 2006 

Another strong year for Australian Ethical

Australian Ethical annouces a 74% profit increase. (PDF file 20KB)

The financial report for the year ended 30 June 2006 (PDF file 333KB) is available from the Shareholder Centre.

8 September 2006

End of financial year unit price changes

AEI distributes to the unitholders of each trust the income earned by the trusts each six months. In addition, normally taxable capital gains realised over the full financial year will be included with the distribution for the six months ending 30 June.

Your income is based on the number of units you hold at the distribution cut off date. For the current distribution the cut off date is 30 June 2006. This distribution is normally paid in the month of July.

Please note that there is a drop in unit price for each of the trusts from the close of business on 30 June or 31 December (cum price) to the next business day (ex price). This difference reflects the amount of the distribution to be paid to unitholders in cents per unit or cpu. The distribution amount is paid to each unitholder either through reinvestment in further units or via an EFT payment to a nominated bank account.

10 July 2006

Appointment of Pauline Vamos as Independent Director

Australian Ethical Investment is pleased to announce that it has appointed Pauline Vamos to its Board. The appointment takes effect from 1 July 2006. Pauline has also been appointed a non-executive director of Australian Ethical's wholly-owned subsidiary, Australian Ethical Superannuation Pty Ltd. See ASX announcement (PDF file).

26 June 2006

Full year profit expectation

Australian Ethical Investment Ltd advises that profit for the year to 30 June 2006 is expected to be 65% to 80% over that recorded for the previous corresponding period. Download ASX announcement on full year profit (PDF file - 13KB)

15 June 2006

Final distribution for the trusts 2005-06 year

As at 30 April 2006 the position of our equities based trusts was similar to the previous financial year. We are conditionally anticipating an unusually large distribution which could be similar to last year. This distribution will most likely contain a high proportion of capital gains due to signifi cant trading profits, however trading conditions have recently altered and if this continues throughout the final month the distribution may be lower than last year. The distribution will be paid in the last week of July.

Super RSE licensing and registration

The Australian Prudential Regulation Authority has granted us a registerable superannuation entity licence.  Our licence number is L0001441.  The Authority has also registered the Fund.  The RSE registration number for the Australian Ethical Retail Superannuation Fund is R1004731.

8 June 2006

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