Acorn Capital Investment Fund Limited chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share 0.33
Dividend & Yield0.09$ (7.26%)
Beta 0.81
Market capitalization 103.27M
Operating cash flow -12.63M
ESG Scores unknown

Company description

Acorn Capital Investment Fund Limited is an open ended equity mutual fund launched and managed by Acorn Capital Limited. The fund invests in public equity markets of Australia. It invests in the listed and unlisted microcap companies. The fund benchmarks its performance against S&P/ASX Small Ordinaries Accumulation Index. It invests in the companies operating across diversified sectors. Acorn Capital Investment Fund Limited was launched in 2014 and is domiciled in Australia.

Sector: Financial Services - Industry: Asset Management

Financial data

Financial Statements

Cashflow Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Change To Liabilities 3.55M -2.91M 1.72M 7.52M
Total Cashflows From Investing Activities
Net Borrowings
Total Cash From Financing Activities -2.45M -3.45M -3.31M 10.26M
Change To Operating Activities
Issuance Of Stock 42k 42k 217k 14.75M
Net Income 11.9M -567k 2.04M 26.85M
Change In Cash 1.26M 853k -474k 7.27M
Effect Of Exchange Rate
Total Cash From Operating Activities 3.71M 4.3M 2.83M -2.99M
Depreciation
Change To Account Receivables 36k 14k -21k -227k
Other Cashflows From Financing Activities -105k -105k -53k -173k
Change To Netincome -11.65M 7.72M 373k -43.15M
Capital Expenditures

Income Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Research Development
Income Before Tax 16.76M -1.39M 2.55M 38.74M
Net Income 11.9M -567k 2.04M 26.85M
Selling General Administrative 1.34M 1.02M 2.17M 4.19M
Gross Profit 18.38M -120k 4.98M 43.69M
Ebit 16.95M -1.24M 2.74M 39.12M
Operating Income 16.95M -1.24M 2.74M 39.12M
Interest Expense
Income Tax Expense 4.86M -821k 506k 11.9M
Total Revenue 18.38M -120k 4.98M 43.69M
Cost Of Revenue
Total Other Income ExpenseNet -197k -153k -196k -372k
Net Income From Continuing Ops 11.9M -567k 2.04M 26.85M
Net Income Applicable To Common Shares 11.9M -567k 2.04M 26.85M

Balance Sheet Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Total Liabilities 7.44M 3.14M 3.39M 16.93M
Total Stockholder Equity 66.61M 62.59M 61.32M 98.43M
Other Current Liabilities 2.88M 1.49M 24k 6.4M
Total Assets 74.05M 65.73M 64.72M 115.37M
Common Stock 52.48M 52.73M 53.28M 68.75M
Other Current Assets
Retained Earnings 14.12M 9.86M 8.04M 29.68M
Treasury Stock
Cash 1.91M 2.77M 2.29M 9.57M
Total Current Liabilities 3.66M 1.88M 1.63M 10.35M
Other Stockholder Equity
Property, Plant, and Equipment
Total Current Assets 74.05M 65.73M 64.72M 115.37M
Net Tangible Assets 66.61M 62.59M 61.32M 98.43M
Net Receivables 881k 837k 816k 887k
Accounts Payable


Insider Transactions

Here are the insider transactions of stock shares related to Acorn Capital Investment Fund Limited:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Brown (Robert)Acquisition at price 0.93 per share.D2022-05-24Director (Executive)698
Fairley (Barry G)Sale at price 1.14 per share.D2021-12-09Director30.67k
Fairley (Barry G)Sale at price 1.15 per share.D2021-12-08Director88.35k
Fairley (Barry G)Sale at price 1.15 per share.D2021-12-03Director6.49k
Fairley (Barry G)Sale at price 1099.42 per share.D2021-12-02Director1.55k
Fairley (Barry G)Sale at price 1.17 per share.D2021-11-30Director27.65k
Brown (Robert)Acquisition at price 1.20 per share.D2021-11-29Director972
Fairley (Barry G)Sale at price 1.17 per share.D2021-11-29Director32.31k
Fairley (Barry G)Other at price 1.16 per share.D2021-11-19Director138.12k
Smith (Judith Ann)Other at price 1.16 per share.D2021-11-19Independent Non-Executive Director31.36k
Brown (Robert)Other at price 1.16 per share.D2021-11-19Director18.3k
Trude (David Dundas)Other at price 1.16 per share.D2021-11-19Independent Non-Executive Director9.38k
Steven (John James)Other at price 1.16 per share.D2021-11-19Chairman of the Board23.44k
Brown (Robert)Acquisition at price 1.12 per share.D2021-05-27Director439
Fairley (Barry G)Sale at price 1.30 per share.D2021-04-20Director18.52k
Fairley (Barry G)Sale at price 1.30 per share.D2021-04-19Director5k
Fairley (Barry G)Sale at price 1.30 per share.D2021-04-16Director29.07k
Fairley (Barry G)Sale at price 1.33 per share.D2021-04-15Director6.82k
Fairley (Barry G)Sale at price 1.32 per share.D2021-03-29Director40.35k
Fairley (Barry G)Sale at price 1.32 per share.D2021-03-26Director31.02k
Fairley (Barry G)Sale at price 1.32 per share.D2021-03-25Director27.11k
Fairley (Barry G)Sale at price 1.31 per share.D2021-03-24Director104k
Fairley (Barry G)Sale at price 1.30 per share.D2021-03-19Director100k
Fairley (Barry G)Purchase at price 1.18 per share.D2021-01-12Director60k
Brown (Robert)Acquisition at price 1.05 per share.D2020-11-27Director410
Steven (John James)Other at price 0.79 per share.D2020-10-13Chairman of the Board18.75k
Trude (David Dundas)Other at price 0.79 per share.D2020-10-13Independent Non-Executive Director7.5k
Smith (Judith Ann)Other at price 0.79 per share.D2020-10-13Independent Non-Executive Director6.25k
Fairley (Barry G)Other at price 0.79 per share.D2020-10-13Director248.29k
Brown (Robert)Other at price 0.79 per share.D2020-10-13Director3.71k
Fairley (Barry G)Other at price 0.90 per share.D2020-10-02Director21.7k
Smith (Judith Ann)Purchase at price 0.89 per share.D2020-10-01Independent Non-Executive Director50k
Brown (Robert)Other at price 0.55 per share.D2020-05-25Director530
Brown (Robert)Other at price 0.80 per share.D2019-11-29Director341
Brown (Robert)Acquisition at price 0.68 per share.D2019-05-21Director11.15k
Steven (John James)Purchase at price 0.70 per share.D2019-05-15Chairman of the Board11.05k
Steven (John James)Purchase at price 0.70 per share.D2019-05-14Chairman of the Board15.5k
Steven (John James)Purchase at price 0.70 per share.D2019-05-14Chairman of the Board13.95k
Steven (John James)Purchase at price 0.70 per share.D2019-05-13Chairman of the Board9.91k
Steven (John James)Purchase at price 0.71 per share.D2019-05-10Chairman of the Board24.6k
Brown (Robert)Other at price 0.82 per share.D2018-11-11Director334
Brown (Robert)D2018-06-30Director484
Fairley (Barry G)D2017-06-30Director7.5k
Brown (Robert)D2017-06-30Director329
Fairley (Barry G)D2016-10-14Director1.02M
Brown (Robert)Other at price 0.80 per share.D2016-10-14Director45.46k
Fairley (Barry G)D2015-06-30Director7.5k
Fairley (Barry G)D2014-07-11Director7.5k
Fairley (Barry G)D2014-06-30Director75k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Acorn Capital Investment Fund Limited. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Acorn Capital Investment Fund Limited

Here is the result of two systematic investment strategies applied to Acorn Capital Investment Fund Limited. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Acorn Capital Investment Fund Limited

The following chart shows the equity curve of the two systematic investment strategies applied to Acorn Capital Investment Fund Limited:

Acorn Capital Investment Fund Limited automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 51.2% on the backtest period.

Performance at glance

Performance

51.2 %

Latent gain

1152.01 $

Invested capital

2249.99 $

Annualized return

12.49 %
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Momentum strategy results on Acorn Capital Investment Fund Limited

This is the result of two momentum investment strategies applied to Acorn Capital Investment Fund Limited. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Acorn Capital Investment Fund Limited

The following chart shows all the entries opened by the momentum investment system on Acorn Capital Investment Fund Limited:

Acorn Capital Investment Fund Limited momentum entries
  • The first momentum investment strategy would give 57.56% of return on Acorn Capital Investment Fund Limited. That represents 3166.9$ of latent gain with 5501.72$ of employed capital.
  • The second momentum investment strategy would give 57.39% of return on Acorn Capital Investment Fund Limited. That represents 2007.81$ of latent gain with 3498.57$ of employed capital.
Performance at glance (1Q Momentum)

Performance

57.56 %

Latent gain

3166.9 $

Invested capital

5501.72 $

Annualized return

24.49 %
Performance at glance (2Q Momentum)

Performance

57.39 %

Latent gain

2007.81 $

Invested capital

3498.57 $

Annualized return

15.85 %

Momentum equity curve on Acorn Capital Investment Fund Limited

The following chart shows the equity curve of the two momentum strategies applied to Acorn Capital Investment Fund Limited:

Acorn Capital Investment Fund Limited momentum equity

Note: the dividends potentially given by Acorn Capital Investment Fund Limited are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Acorn Capital Investment Fund Limited

The following chart shows the employed capital evolution of the two momentum strategies on Acorn Capital Investment Fund Limited since the beginning:

Acorn Capital Investment Fund Limited

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Acorn Capital Investment Fund Limited

Buy the dip entry openings on Acorn Capital Investment Fund Limited

Acorn Capital Investment Fund Limited

The performance achieved by the robo-advisor on Acorn Capital Investment Fund Limited is 51.42%. That represents 385.07$ of latent gain with 748.93$ of employed capital. The following chart shows Acorn Capital Investment Fund Limited stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Acorn Capital Investment Fund Limited, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

51.42 %

Latent gain

385.07 $

Invested capital

748.93 $

Annualized return

24.49 %

Equity curve of the strategy applied to Acorn Capital Investment Fund Limited

The following chart shows the result of the investment strategy applied to Acorn Capital Investment Fund Limited:

Acorn Capital Investment Fund Limited

Note: the dividends potentially given by Acorn Capital Investment Fund Limited are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Acorn Capital Investment Fund Limited

The following chart shows the employed capital evolution since the beginning of the investment strategy on Acorn Capital Investment Fund Limited:

Acorn Capital Investment Fund Limited

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Acorn Capital Investment Fund Limited

In this section, I will compare the three previous investment strategies applied to Acorn Capital Investment Fund Limited.

Equity curve comparison on Acorn Capital Investment Fund Limited

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Acorn Capital Investment Fund Limited investment strategy comparison

Employed capital comparison on Acorn Capital Investment Fund Limited

Acorn Capital Investment Fund Limited investment comparison

Performance comparison on Acorn Capital Investment Fund Limited

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 51.2% 1152.01$ 2249.99$ 12.49%
Momentum 1 quarter 57.56% 3166.9$ 5501.72$ 14.91%
Momentum 2 quarters 57.39% 2007.81$ 3498.57$ 15.85%
Non-directional 51.42% 385.07$ 748.93$ 24.49%
Annualized return comparison

Automatic investment

12.49 %

Momentum 1Q

15.85 %

Momentum 2Q

15.85 %

Non-directional

24.49 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Acorn Capital Investment Fund Limited:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Acorn Capital Investment Fund Limited and the other stocks. There may be false positives or some missing correlated stocks. If the price of Acorn Capital Investment Fund Limited does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Acorn Capital Investment Fund Limited
Country Australia
City Melbourne
Address Level 12
Phone 61 3 9639 0522
Website www.acorncapital.com.au/listed-investment-fund/about-acif.html
FullTime employees
Industry Asset Management
Sector Financial Services
Exchange XASX
Ticker ACQ.XASX
Market www2.asx.com.au

Acorn Capital Investment Fund Limited ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown