NAOS News & Insights



February 19, 2018

NCC Media Release | Half Year Results & Dividend Declaration

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


• $6.9 million Record Half Year After Tax Profit
• 3.75 cents Fully Franked Record Dividend Declared
• +7.14% Increase in Dividend 
• +12.45% 6 Month Investment Portfolio Performance

Friday, 16 February 2018: NAOS Emerging Opportunities Company (ASX: NCC) today announced its half year result for the 6-month period to 31 December 2017, reporting a record after-tax profit of $6.9 million. NCC declared a record fully franked dividend of 3.75 cents per share, an increase of 7.14% on the prior comparative period.


For the half year ended 31 December 2017, the NCC investment portfolio produced a positive return of +12.45%, bringing the performance since inception to +132.84%*. NAOS Chief Investment Officer and Managing Director Sebastian Evans stated:

‘It was pleasing to see the positive contributors spread across the NCC portfolio with numerous positions generating incremental performance. Two of the top contributors to the portfolio were CML Group and Big River Industries.’
Evans added ‘We remain focused on value and the fundamentals of our investments over the long term, and regardless of the market noise and sentiment we will continue to focus on where we can add value for our investors and not try and predict market movements.’

Fully Franked Dividends

The Board is pleased to announce a record dividend of 3.75 cents per share fully franked, bringing the dividend yield to 4.97% and the gross dividend yield to 7.10%. Total dividends since inception now total 32 cents per share fully franked. NCC Chairman David Rickards commented ‘It is the Board’s aim to continue to provide shareholders with a sustainable stream of growing fully franked dividends.’

Dividend Profile - Historical Fully Franked Dividends

ncc hyfy18 dividend.png

Dividend Dates & Dividend Reinvestment Plan (DRP)

Ex Dividend Date12 March 2018Record Date13 March 2018Last Date for DRP Election14 March 2018Payment Date28 March 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, 14 March 2018 to BoardRoom Pty Limited, the share registry for NCC, either online through InvestorServe, by email to or fax +61 2 9279 0664.

*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 February 2013. Returns compounded for periods greater than 12 months.

Published: 16 February 2018

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