Declared Dividend • Jan 31
First half dividend increased to AU$0.04 Dividend of AU$0.04 is 1.3% higher than last year. Ex-date: 9th February 2026 Payment date: 27th February 2026 Dividend yield will be 4.6%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) nor is it adequately covered by cash flows (99% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 9.6% to bring the payout ratio under control, which is similar to the EPS growth achieved over the last 5 years. Announcement • Jan 29
BKI Investment Company Limited Declares an Interim Ordinary Dividend for the Six Months Ended December 31, 2025, Payable on 27 February 2026 The Board of BKI Investment Company Limited has declared an interim ordinary dividend of AUD 0.03950000 per share for the six months ended December 31, 2025. The ex-dividend date is 9 February 2026, and the Record Date for determining entitlements to the dividends is 10 February 2026. The dividend will be paid to shareholders on 27 February 2026. Announcement • Jan 12
BKI Investment Company Limited to Report First Half, 2026 Results on Jan 29, 2026 BKI Investment Company Limited announced that they will report first half, 2026 results on Jan 29, 2026 Announcement • Aug 18
BKI Investment Company Limited, Annual General Meeting, Oct 14, 2025 BKI Investment Company Limited, Annual General Meeting, Oct 14, 2025. Declared Dividend • Jul 23
Final dividend of AU$0.04 announced Shareholders will receive a dividend of AU$0.04. Ex-date: 5th August 2025 Payment date: 28th August 2025 Dividend yield will be 4.4%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio) nor is it adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control, which is more than the 3.0% EPS growth achieved over the last 5 years. Announcement • Jul 01
BKI Investment Company Limited to Report Fiscal Year 2025 Results on Jul 21, 2025 BKI Investment Company Limited announced that they will report fiscal year 2025 results on Jul 21, 2025 New Risk • May 01
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$250k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Cash payout ratio: 103% Minor Risk Significant insider selling over the past 3 months (AU$250k sold). Recent Insider Transactions • Feb 06
Independent Non-Executive Director recently bought AU$499k worth of stock On the 31st of January, Ian Huntley bought around 286k shares on-market at roughly AU$1.74 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$1.1m more in shares than they have sold in the last 12 months. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Jacqui Clarke was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jan 23
First half dividend increased to AU$0.039 Dividend of AU$0.039 is 1.3% higher than last year. Ex-date: 3rd February 2025 Payment date: 28th February 2025 Dividend yield will be 4.6%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) nor is it covered by cash flows (103% cash payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates. Announcement • Jan 21
BKI Investment Company Limited Declares an Interim Ordinary Dividend, Payable on 28 February 2025 The Board of BKI Investment Company Limited has declared an interim ordinary dividend of 3.90 cents per share fully franked at the tax rate of 30%, up 1% on last year. The ex-dividend date is 3 February 2025, and the Record Date for determining entitlements to the dividends is 4 February 2025. The dividend will be paid to shareholders on 28 February 2025. Recent Insider Transactions • Oct 17
Independent Non-Executive Director recently bought AU$218k worth of stock On the 16th of October, David Hall bought around 125k shares on-market at roughly AU$1.75 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$250k. Insiders have collectively bought AU$731k more in shares than they have sold in the last 12 months. Announcement • Aug 19
BKI Investment Company Limited, Annual General Meeting, Oct 15, 2024 BKI Investment Company Limited, Annual General Meeting, Oct 15, 2024. Recent Insider Transactions • Aug 02
Independent Non-Executive Director recently bought AU$250k worth of stock On the 31st of July, Ian Huntley bought around 143k shares on-market at roughly AU$1.75 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$512k more in shares than they have sold in the last 12 months. Announcement • Jun 18
BKI Investment Company Limited to Report Fiscal Year 2024 Results on Jul 23, 2024 BKI Investment Company Limited announced that they will report fiscal year 2024 results on Jul 23, 2024 Upcoming Dividend • Jan 29
Upcoming dividend of AU$0.038 per share at 4.7% yield Eligible shareholders must have bought the stock before 05 February 2024. Payment date: 27 February 2024. Payout ratio and cash payout ratio are on the higher end at 90% and 80% respectively. Trailing yield: 4.7%. Lower than top quartile of Australian dividend payers (6.9%). Higher than average of industry peers (3.9%). Declared Dividend • Jan 18
First half dividend of AU$0.038 announced Shareholders will receive a dividend of AU$0.038. Ex-date: 5th February 2024 Payment date: 27th February 2024 Dividend yield will be 4.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not adequately covered by earnings (90.0% earnings payout ratio) nor is it adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share declined by 3.7% over the last 5 years, which if continued should see the payout ratio increase to a potentially unsustainable range. Announcement • Jan 16
BKI Investment Company Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2023, Payable on February 27, 2024 BKI Investment Company Limited announced ordinary dividend of AUD 0.03850000 per share for the six months ended December 31, 2023, Ex Date is February 5, 2024; Record Date is February 6, 2024; Payment Date is February 27, 2024. Upcoming Dividend • Aug 04
Upcoming dividend of AU$0.04 per share at 4.7% yield Eligible shareholders must have bought the stock before 11 August 2023. Payment date: 29 August 2023. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Australian dividend payers (7.3%). In line with average of industry peers (4.5%). Recent Insider Transactions • Jul 26
Non-Executive Director & Chairman recently bought AU$300k worth of stock On the 25th of July, Robert Millner bought around 169k shares on-market at roughly AU$1.78 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Robert has been a buyer over the last 12 months, purchasing a net total of AU$812k worth in shares. New Risk • Jul 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 96% Last year net profit margin: 159% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (96% net profit margin). Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Announcement • Jun 22
BKI Investment Company Limited to Report Fiscal Year 2023 Results on Jul 19, 2023 BKI Investment Company Limited announced that they will report fiscal year 2023 results on Jul 19, 2023 Upcoming Dividend • Feb 03
Upcoming dividend of AU$0.042 per share at 4.2% yield Eligible shareholders must have bought the stock before 10 February 2023. Payment date: 28 February 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Australian dividend payers (6.7%). In line with average of industry peers (4.1%). Announcement • Jan 13
Perpetual Limited (ASX:PPT) completed the acquisition of acquire Pendal Group Limited (ASX:PDL) from a group of shareholders. Perpetual Limited (ASX:PPT) entered into non-binding indicative proposal to acquire Pendal Group Limited (ASX:PDL) from a group of shareholders for AUD 2.6 billion on April 4, 2022. As per the transaction, Perpetual Limited will issue 1 share for every 7.5 Pendal shares plus AUD 1.67 cash for each Pendal share. As of August 24, 2022, Perpetual Limited (ASX:PPT) entered into a binding Scheme Implementation Deed to acquire Pendal Group Limited (ASX:PDL) from a group of shareholders for AUD 2.5 billion. As per the transaction, Perpetual Limited will issue 1 share for every 7.5 Pendal shares plus AUD 1.976 cash for each Pendal share. The cash portion of the transaction will be financed from new debt facility. As on November 16, 2022, transaction terms are revised in which Perpetual Limited now will pay AUD 1.650 per share in cash and 1 share for every 7 Pendal shares. A buy side break fee of AUD 23 million will be payable by Perpetual in case Perpetual breaches the SID to pursue an alternative transaction to the Scheme.
The transaction is subject to due diligence, negotiation and execution of transaction documentation and receipt of all applicable regulatory, court, Pendal shareholders, third party consents and other approvals. As on April 12, 2022, Pendal Group Limited's board unanimously determined that transaction is significantly undervalues the current and future value of Pendal and is therefore not in the best interests of shareholders. As of August 25, 2022, Pendal Group Limited's board unanimously approved and considered this in the best interests of shareholders. As per the update on November 14, 2022, Court made orders to stand over the proceedings to November 16, 2022, and will consider whether the meeting of Pendal shareholders to approve the Scheme should be convened. As of November 22, 2022, Scheme Booklet has been registered with ASIC and the scheme meeting is scheduled to be held on December 23, 2022. As of December 23, 2022, the transaction has been approved by the shareholders of Pendal and remains subject to court approval. As of January 3, 2023, the regulatory approval conditions have now been satisfied and the implementation of the scheme remains subject to the other conditions. The scheme is expected to be implemented by January 23. As of January 11, 2023, the scheme has been approved by the Supreme Court of New South Wales.
The Goldman Sachs Australia Pty Ltd acted as financial advisor and Herbert Smith Freehills acted as legal advisor to Perpetual Limited (ASX:PPT) and Macquarie Capital and Adara Partners acted as financial advisor and King & Wood Mallesons acted as legal advisor to Pendal Group Limited. BofA Securities, Inc. acted as financial advisor to Perpetual Limited (ASX:PPT). Ernst & Young Services Pty Limited acted as Due Diligence Provider to Perpetual Limited (ASX:PPT). Adrian Tan, Michael McKee, Puesan Lam, Emma Kendall, Marina Troullinou and Conor Houlihan of DLA Piper Australia Pty Ltd acted as legal advisor to Perpetual Limited.
Perpetual Limited (ASX:PPT) completed the acquisition of acquire Pendal Group Limited (ASX:PDL) from a group of shareholders on January 12, 2023. Announcement • Sep 13
BKI Investment Company Limited Announces Resignation of Company Secretaries BKI Investment Company Limited announced that Mr. Jaime Pinto has resigned as Company Secretary and Ms. Larina Tcherkezian as alternate Company Secretary, effective 13 September 2022. Ms. Amanda Wong is now the sole Company Secretary of the company. Announcement • Aug 23
BKI Investment Company Limited, Annual General Meeting, Oct 18, 2022 BKI Investment Company Limited, Annual General Meeting, Oct 18, 2022. Recent Insider Transactions • Aug 04
Non-Executive Chairman recently bought AU$512k worth of stock On the 28th of July, Robert Millner bought around 300k shares on-market at roughly AU$1.71 per share. This was the largest purchase by an insider in the last 3 months. Robert has been a buyer over the last 12 months, purchasing a net total of AU$851k worth in shares. Upcoming Dividend • Aug 02
Upcoming dividend of AU$0.046 per share Eligible shareholders must have bought the stock before 09 August 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Australian dividend payers (6.4%). In line with average of industry peers (3.9%). Announcement • Jun 29
BKI Investment Company Limited to Report Fiscal Year 2022 Results on Jul 20, 2022 BKI Investment Company Limited announced that they will report fiscal year 2022 results on Jul 20, 2022 Announcement • Jun 01
BKI Investment Company Limited Announces Appointment of Amanda Wong as Company Secretary BKI Investment Company Limited announced that Amanda Wong has been appointed as a Company Secretary of BKI, also effective 1 June 2022. Ms Wong will be the individual with primary responsibility for providing these Services to BKI, and will be the person responsible for communications with the ASX under Listing Rule 12.6. Recent Insider Transactions • Mar 11
Independent Non-Executive Director recently bought AU$240k worth of stock On the 3rd of March, David Hall bought around 150k shares on-market at roughly AU$1.60 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$339k. Insiders have collectively bought AU$2.0m more in shares than they have sold in the last 12 months. Upcoming Dividend • Feb 04
Upcoming dividend of AU$0.04 per share Eligible shareholders must have bought the stock before 11 February 2022. Payment date: 03 March 2022. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Australian dividend payers (5.5%). Higher than average of industry peers (3.4%). Recent Insider Transactions • Jan 28
Non-Executive Chairman recently bought AU$339k worth of stock On the 25th of January, Robert Millner bought around 200k shares on-market at roughly AU$1.70 per share. This was the largest purchase by an insider in the last 3 months. Robert has been a buyer over the last 12 months, purchasing a net total of AU$995k worth in shares. Announcement • Jan 19
BKI Investment Company Limited Declares Interim Special Dividend, Payable on March 3, 2022 BKI Investment Company Limited declared interim special dividend of 0.5 cents per share, both fully franked at the tax rate of 30%. The dividend will be paid on March 3, 2022, the ex-dividend date is February 11, 2022, and the Record Date for determining entitlements to the dividends is February 14, 2022. Recent Insider Transactions • Jan 08
Independent Non-Executive Director recently bought AU$92k worth of stock On the 7th of January, David Hall bought around 55k shares on-market at roughly AU$1.68 per share. In the last 3 months, they made an even bigger purchase worth AU$96k. Insiders have collectively bought AU$1.1m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 12
Independent Non-Executive Director recently bought AU$96k worth of stock On the 6th of December, David Hall bought around 60k shares on-market at roughly AU$1.60 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$961k more in shares than they have sold in the last 12 months. Upcoming Dividend • Jul 30
Upcoming dividend of AU$0.03 per share Eligible shareholders must have bought the stock before 06 August 2021. Payment date: 26 August 2021. Trailing yield: 3.0%. Lower than top quartile of Australian dividend payers (4.9%). In line with average of industry peers (3.1%). Recent Insider Transactions • Jul 29
Non-Executive Chairman recently bought AU$327k worth of stock On the 27th of July, Robert Millner bought around 200k shares on-market at roughly AU$1.63 per share. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Is New 90 Day High Low • Jan 29
New 90-day high: AU$1.57 The company is up 13% from its price of AU$1.39 on 30 October 2020. The Australian market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 13
New 90-day high: AU$1.55 The company is up 10.0% from its price of AU$1.41 on 15 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: AU$1.55 The company is up 14% from its price of AU$1.36 on 17 September 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 09
New 90-day high: AU$1.45 The company is up 2.0% from its price of AU$1.42 on 11 August 2020. The Australian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 3.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: AU$1.35 The company is down 4.0% from its price of AU$1.40 on 26 June 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 3.0% over the same period. Announcement • Jul 01
BKI Investment Company Limited to Report Fiscal Year 2020 Results on Jul 17, 2020 BKI Investment Company Limited announced that they will report fiscal year 2020 results at 10:21 PM, GMT Standard Time on Jul 17, 2020 
