Mirrabooka’s February NTA Slips as Small and Mid-Cap Portfolio Stays Fully Invested

Mirrabooka Investments Ltd ( (AU:MIR) ) has shared an update.

Mirrabooka Investments reported that its net tangible asset backing per share fell in February, with pre-tax NTA declining to $3.06 from $3.18 and post-tax NTA easing to $2.81 from $2.89, reflecting movements in the value of its long-term portfolio. The company’s top 20 holdings, led by Macquarie Technology Group, ALS and ARB Corporation, account for just over half of the portfolio by value and are spread across sectors including industrials, information technology and consumer discretionary, underscoring a diversified positioning in small and mid-cap names.

The portfolio remains tilted toward industrials at 22.4% and information technology at 17.0%, with only 1.6% held in cash, indicating Mirrabooka is largely fully invested in its targeted segment of the market. Management continues to emphasise low fees, regular NTA disclosure and tax-effective, fully franked distributions as key benefits for investors seeking long-term exposure to Australian small and mid-cap growth and income.

The most recent analyst rating on (AU:MIR) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Mirrabooka Investments Ltd stock, see the AU:MIR Stock Forecast page.

More about Mirrabooka Investments Ltd

Mirrabooka Investments Ltd is an ASX-listed listed investment company focused on small and mid-cap Australian equities outside the S&P/ASX 50 Leaders Index. It runs a diversified, professionally managed portfolio of around $696.5 million with a long-term, bottom-up investment style, aiming to deliver medium to long-term capital growth and attractive fully franked dividend income to shareholders at low cost.

Average Trading Volume: 112,169

Technical Sentiment Signal: Hold

Current Market Cap: A$626.8M

Find detailed analytics on MIR stock on TipRanks’ Stock Analysis page.