Hearts and Minds Investments’ Profitable March Update

Hearts and Minds Investments Ltd (AU:HM1) has released an update.

Hearts and Minds Investments Ltd reported a strong market rally in March, with their portfolio increasing by 1.2% for the month and delivering an annualized pre-tax investment return of 10.1% since its inception in November 2018. The company has announced a fully franked dividend of 7 cents per share, payable in April, and highlighted their strategic exit from Bath and Bodyworks for a profitable return, reinvesting in International Flavours and Fragrances. Additionally, they shared insights on Block, Inc.’s encouraging performance and strategic shifts towards efficiency, reflecting a potential for future re-rating.

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