Ann: 100% increase in fully franked final dividend, page-14

I am a hold position at the moment also.

fyi
1. they did buy into Amazon in March and seem to have sold back out or reduced weighting to below top20 in portfolio, i guessing they made about 40% for a 2-3 month investment. they will pay tax on this so it will reflect in the profit reserve and franking credits.
2. they did similar with paypal as a pandemic play, i am guessing they made 30% ish on a 6 week investment.
3. they jumped into microsoft in the march downswing but hadn't taken profits as at 30 june will be interesting to see if they exit this month or hold.

tesla and apple are very difficult to buy into for a fund manager who has a mandate to buy undervalued companies and sell when they reach value. as a lic they make there way by buying and selling and utilizing tax paid to return the franking credits to investors.

better to be in MGG or MHH lit if your looking for growth style buy/hold investment, i hold these for growth and wgb for divs and franking credits in tax advantaged entity