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

By Public Technologies
  • 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.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.