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Hearts and Minds Investments Ltd ( (AU:HM1) ) just unveiled an update.
Hearts and Minds Investments Limited announced a 23.6% increase in its investment portfolio for the six months ending December 2024, prompting the Board to declare an increased fully franked half-yearly dividend of 8.0 cents per share. The robust portfolio performance, driven by a fall in the Australian dollar, and standout investments including Zillow and Guzman y Gomez, has boosted the company’s returns since inception to 12.3% per annum. This announcement is expected to further narrow the share price discount to HM1’s pre-tax net tangible assets, benefiting shareholders.
More about Hearts and Minds Investments Ltd
Hearts and Minds Investments Limited (HM1) is a unique purpose-driven investment organization based in Australia, committed to advancing Australian medical research. It operates as an ASX-listed investment company, providing a concentrated global equities portfolio with high conviction ideas from respected fund managers. Established in 2018, HM1 also supports Australian medical research institutes and is recognized as one of Australia’s Top 30 Corporate Philanthropists.
YTD Price Performance: 3.55%
Average Trading Volume: 187,665
Technical Sentiment Consensus Rating: Sell
Find detailed analytics on HM1 stock on TipRanks’ Stock Analysis page.
