AFIC Publishes AGM Recap Highlighting Shares Trading at 85 Cents per Dollar of Net Asset Backing

Bitget2026/10/22 03:51

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Australian Foundation Investment Company added Pro Medicus and TechnologyOne, citing attractive valuations following market weakness.
New holdings in Newmont Corporation and Evolution Mining introduced gold exposure to diversify the portfolio.
Positions in Woolworths and Telstra increased; bank and resources holdings were trimmed, while several investments were exited on quality grounds.
International investments represented 1.6% of the portfolio across 20 holdings as of August 31, 2026, including Microsoft and Amazon.
Shares traded at 85 cents per dollar of net asset backing on October 1; FY26 share buybacks totaled $243 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Australian Foundation Investment Company Limited published the original content used to generate this news brief on October 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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AFIC Publishes AGM Recap Highlighting Shares Trading at 85 Cents per Dollar of Net Asset Backing

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