Recent notifications of Australian Ethical (AEF) no longer being...

Recent notifications of Australian Ethical (AEF) no longer being a substantial holder of HLI provides real world insight into the 12 month return profile of Genworth/ Helia.

Namely, in its recent notice of ‘ceasing’ to be a substantial holder in HLI, AEF reported it sold:
- 200k shares on 12dec (vwap $4.238);
- 300k shares on 13 dec (vwap $4.247); and
- 231,587 shares on 15 dec (vwap $4.305)

In total, AEF received $3,118,829 for these 731,587 shares (vwap $4.263).

As a proxy for its entry price, this time last year AEF bought 2.66m shares for $7.13m (vwap $2.68).

So, in 12 months AEF’s crystallised capital gain was $1.58/share; and they received dividends over the period of 41cps plus 14cps (fully franked).

This is a 12-month TSR of 80% (ie realised income of $2.13 per share on an expenditure of $2.68/share).