NAOS News & Insights



February 20, 2018

NAC Media Release | Half Year Results & Dividend Declaration

NAOS Absolute Opportunities Company Limited Announces Record Profit & Dividend for the Half Year Ending 31 December 2017


• $4.6 million Record Half Year After Tax Profit
• 2.75 cents Fully Franked Record Dividend Declared
• +73.21% Performance since Inception
• +14.21% 6 Month Investment Portfolio Performance

Friday, 16 February 2018: NAOS Absolute Opportunities Company (ASX: NAC) today announced its half year result for the 6-month period to 31 December 2017, reporting a record after-tax profit of $4.6 million. NAC declared a record fully franked dividend of 2.75 cents per share, an increase of 10% on the prior comparative period.


For the half year ended 31 December 2017, the NAC investment portfolio produced a positive return of +14.21%, bringing the performance since inception to +73.21%*. NAOS Chief Investment Officer and Managing Director, Sebastian Evans stated:

‘It was pleasing to see such a strong period where a number of our key strategic positions performed very well.’
Evans added ‘It can be difficult to remain rational in irrational times, we believe that sticking to our investment philosophy by focusing on a select number of high quality investments whilst maintaining enough liquidity and therefore flexibility to protect investor capital, provides the best opportunity to generate meaningful performance over the long term.’

NAC provides investors with exposure to a carefully selected group of high quality, undervalued small-mid cap companies with an industrial bias in a concentrated structure. NAC seeks to create and protect investors’ capital whilst producing meaningful returns.

Fully Franked Dividends

Since listing on the ASX in November 2014, NAC has delivered shareholders a sustainable stream of fully
franked dividends. NAC Chairman David Rickards commented ‘the Board is pleased to announce a record
dividend of 2.75 cents per share fully franked, bringing the gross dividend yield to 7.11%. Total dividends
since inception now total 14.50 cents per share fully franked. All Directors will participate in the DRP,
continuing to align the Board’s interests with our shareholders.’

Dividend Profile - Historical Fully Franked Dividends

nac hy dividend.png

Dividend Dates & Dividend Reinvestment Plan (DRP)

Ex Dividend Date19 March 2018Record Date20 March 2018Last Date for DRP Election21 March 2018Payment Date6 April 2018


Investors can elect to participate in the Company’s Dividend Reinvestment Plan (DRP). Details of the DRP
can be found at To participate in the DRP investors will need to submit their DRP
election by 5:00pm Wednesday, 21 March 2018 to BoardRoom Pty Limited, the share registry for NAC,
either online through InvestorServe, by email to or fax +61 2 9279

*Investment Portfolio performance is post all operating expenses, before fees, taxes and initial IPO and placement commissions. Performance has not been grossed up for franking credits received by shareholders. Since inception (p.a. and nom.) includes part performance for the month of November 2014. Returns compounded for periods greater than 12 months

Published: 16 February 2018

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