Mirrabooka Investments Limited (ASX: MIR) is a listed investment company (LIC) specialising in small and medium-sized Australian and New Zealand companies. With a long-term focus, the company aims to generate strong returns through a diversified and disciplined investment strategy.
Mirrabooka Investments Limited has recently conducted a series of information meetings across major Australian cities, including Melbourne, Sydney, Brisbane, Perth, Adelaide, and Canberra. These sessions aimed to provide shareholders and potential investors with comprehensive insights into the company’s performance, investment strategies, and outlook.
Established with a focus on delivering medium to long-term investment gains, Mirrabooka emphasises holding core investments in selected small and medium-sized companies that fall outside the S&P/ASX 50 Leaders Index. The company’s investment philosophy centres on identifying businesses capable of performing through various economic cycles, thereby generating sustainable returns over time. By targeting enterprises with robust growth potential, Mirrabooka seeks to capitalise on opportunities within the dynamic landscape of small to mid-sized companies.
As of March 7, 2025, Mirrabooka’s total portfolio was valued at approximately AUD 626.4 million. In alignment with its commitment to providing attractive dividend returns, the company declared an annual fully franked dividend of 13 cents per share, which includes a special dividend of 2.5 cents. This decision reflects Mirrabooka’s strong financial position and its dedication to rewarding shareholders. Additionally, the company reported a Management Expense Ratio (MER) of 0.56% for the financial year 2023/24, underscoring its focus on maintaining low management costs without imposing performance fees.
Mirrabooka’s investment strategy involves maintaining a diversified portfolio comprising investments in 50 to 70 companies outside the S&P/ASX 50 Leaders Index, spanning various industries. This diversification aims to mitigate risks and capitalise on opportunities across different sectors. The company’s top holdings typically include sectors such as healthcare, technology, industrials, and consumer discretionary. By investing across a broad spectrum of industries, Mirrabooka positions itself to benefit from growth in multiple areas of the economy.
The company’s investment approach centres on identifying companies with strong management teams, sustainable competitive advantages, solid balance sheets, and promising growth prospects. Mirrabooka maintains a medium to long-term investment horizon, aligning with its objective of delivering consistent returns to shareholders over time. This patient and disciplined strategy allows the company to navigate market fluctuations and focus on the enduring value of its investments.
During the information meetings, Mirrabooka’s management addressed current economic conditions, including GDP growth rates, inflation trends, and employment statistics, to provide context for investment decisions. They also shared insights into sectors they believe offer attractive investment opportunities, considering factors such as technological advancements, demographic shifts, and regulatory changes. This comprehensive analysis helps inform the company’s strategic direction and investment choices.
Each meeting concluded with an interactive question-and-answer segment, allowing shareholders to engage directly with the company’s leadership on topics such as specific investment decisions, dividend policies, and future growth strategies. This open dialogue fosters transparency and strengthens the relationship between Mirrabooka and its investors.
Looking ahead, Mirrabooka outlined plans to enhance its digital platforms, aiming to improve shareholder access to information and streamline communication channels. The company also reiterated its commitment to environmental, social, and governance (ESG) principles, highlighting efforts to integrate sustainability considerations into its investment process. These initiatives demonstrate Mirrabooka’s dedication to adapting to evolving market dynamics and investor expectations.
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1300 854 151
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ABN 90 147 963 755
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