Hearts and Minds Investments Limited (ASX:HM1)

ALERT: Price-sensitive ASX Announcement for HM1

Current share price for HM1 : $3.000 -0.46 (-13.29%)⁺

Announcement

Appendix 4D and Financial Report

Release

20 Feb 2025 8:24AM

Price at Release

$3.460

Full Release

Summary

Hearts and Minds Investments Limited released its Appendix 4D and Half-Year Financial Report for the period ended 31 December 2023. The report highlights the company’s operating and financial performance, including details on net profit after tax, dividends, investment strategy, portfolio management, and donations to medical research. The document provides an overview of the company’s investment portfolio, governance, risk management, and financial results. It also includes information about the composition of the Board of Directors, auditor’s review, and other statutory disclosures. The report demonstrates a continued commitment to both investment performance and philanthropic objectives.

Key Points

Reported net loss after tax for the half-year ended 31 December 2023.
Declared an interim fully franked dividend of 7.5 cents per share.
Investment portfolio managed in line with the company’s objectives to deliver long-term capital growth and regular income.
Continued donations to Australian medical research organizations, aligning with the company’s philanthropic mandate.
Portfolio performance discussed, with challenges due to volatile market conditions.
Directors’ Report outlines board structure, company objectives, and principal activities.
Auditor’s review and financial statements included, confirming compliance with accounting standards.
Disclosure of related party transactions and remuneration details.
Risk management practices and investment strategy updates provided.
No significant changes in the company’s operations or activities during the reporting period.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.