Mirrabooka Investments (MIR)

Shares / Stock Code

MIR

Stock Exchange / Sharemarket

ax

Mirrabooka Investment (MIR) is an investment company. The Company invests in a portfolio of listed small to medium sized companies across Australia and New Zealand. MIR mainly focuses those companies that fall outside the S&P/ASX 50 Index, by market capitalisation. MIR listed on the Australian Stock Exchange (ASX) on 28th June, 2001. As of June 30, 2008, the Company made investments across a range of sectors including energy, materials, industrials, consumer discretionary, consumer staples, healthcare, financials, real estate, information technology and utilities. The Company held a portfolio of $254 million, including cash of $39.2 million, as at 30 June 2008. Mirrabooka Investment is committed to provide long-term growth and attractive dividend returns to shareholders by making investments in those small and medium sized companies that have comparatively low price earnings ratios, strong growth potential and high dividend yields. MIR actively manages its portfolio, with around 50 to 80 stocks in its portfolio depending on their fit with its investment goals and the desired concentration of risk within the portfolio. MIR’s access to lines of credit allows gearing of its balance sheet on limited basis when appropriate investment returns are available. The Company also utilises options written against its portfolio to derive additional income, although this activity is naturally restricted due to the lack of availability of option markets for most of the shares held within its portfolio.

Mirrabooka Investments History

Mirrabooka Investments was founded in 1999. It made its debut on the ASX on 28 June 2001 with a mandate to make investments in small and medium capitalisation stocks listed on the Australian and New Zealand Stock Exchanges.