AMCIL Limited · ASX:AMH
AMCIL — Shareholder Meeting (October 2004)
7 slides from AMCIL's shareholder meeting presentation, Oct 25, 2004
Slide 1: AMCIL AGM 2004 Chairman's Address
25 October 2004 Australian Stock Exchange Limited Company Announcements Office Exchange Centre 20 Bridge Street Sydney NSW _ 2000 AMCIL AGM 2004 Chairman’s Address AMCIL Limited ACN 073 990 735 101 Collins Street Melbourne Victoria 3000 GPO Box 2114S Melbourne 3001 Telephone 03 9650 9944 Facsimile 0
Slide 2: . Y LASTS a ease : o ee — / ee
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Slide 3: Summary
SUMMARY = Recapitalisation of the Company finalised in January 2004, raising $40.7m — total capital base at 30 September 2004 was $45.4m « Reported profit of $613,000 for year to 30 June 2004 = No dividend was declared - only operating for five months since recapitalisation = Portfolio currently com
Slide 4: Investment and Trading Portfolio - October 2004
investment and Trading Portfolio - 20 October 2004 ABC LEARNING CENTRES ALUMINA BHP BILLITON BRADKEN HHG PLC NATIONAL AUST BANK NEWS CORPORATION NEWS CORP PREF. OAKTON ORIGINAL MARKET UNITS COST PRICE VALUE 100,000 4.82 4.89 489,000 754,000 5.24 5.20 3,920,800 270,000 11.89 13.63 3,680,100 400,000 3
Slide 5: Investment and Trading Portfolio - October 2004 con't.
investment and Trading Portfolio - 20 October 2004 con't. ORIGINAL MARKET UNITS COST PRICE VALUE OPSM GROUP 258,762 3.78 3.82 988,471 PEET & COMPANY 1,017,000 1.20 1.68 1,708,560 RIO TINTO 80,000 34.61 36.61 2,928,800 ST GEORGE BANK 25,000 21.88 22.69 567,250 SOUTHCORP 400,000 2.92 3.55 1,420,000 TR
Slide 6: Availability of Tax Losses
AVAILABILITY OF TAX LOSSES « Ernst & Young advise that all of the carry forward capital gain tax losses, totalling $32.5 million, should be available to the Company to offset capital gains made in the future. « The Board is in the process of seeking the view of the Australian Tax Office to confirm t
Slide 7: Outlook
OUTLOOK « Equity markets have run hard since the change in investment mandate « The level of cash in the portfolio reflects caution about current valuations " Sound medium term investment opportunities continue to arise from: > Sector rotations » Selective participation in IPO’s > Market over reacti