KFL - discount to diluted NAV

[kura]

Good question, why not ask the people at KFL for yourself ? I'm sure they would be happy to explain the detailed calculations to you !
Me ? I'm too lazy, but I'm not the one bagging KFL either.

[Balance]

Good question, why not ask the people at KFL for yourself ? I'm sure they would be happy to explain the detailed calculations to you !
Me ? I'm too lazy, but I'm not the one bagging KFL either.

But you are happy to accept their calculations and NTA and 'dividend' yield?

Good one!

[kura]

But you are happy to accept their calculations and NTA and 'dividend' yield?

Good one!

Of Course, you see I'm not the one accusing Fisher Funds of fraudulently claiming a performance fee, without bothering to do such basic research.

[percy]

Of Course, you see I'm not the one accusing Fisher Funds of fraudulently claiming a performance fee, without bothering to do such basic research.

Stay poor,while others grow wealthy,including Fisher Funds.
The choice is yours.

[777]

Stay poor,while others grow wealthy,including Fisher Funds.
The choice is yours.

What dribble. I have had KFL for 5 years or so and when I look back on all the purchases and what they worth now I am more than happy. As for the old red herring of getting your capital back in dividends I ask the question, "should all the capital gains on the funds invested not be distributed"?

We all know the unbalanced individual on numerous threads who has hate relationships with certain people and never ceases to remind us. It just gets boring year after year and yet he accuses a member of being a Fisher plant. I just wish he/she wasn't quoted in posts as negates my "ignore" on him/her.

I picked up another 150,000 warrants this week to add to the ones I got last year and I sleep well at night thinking of what they will be worth in the months ahead. It has been a good buying opportunity.

[Balance]

Of Course, you see I'm not the one accusing Fisher Funds of fraudulently claiming a performance fee, without bothering to do such basic research.

If asking a question about how performance fee is calculated constitute 'fraud', what can anyone say except "WOW'!

Strong language revealing the depth of emotional involvement?

'Never get emotional, it clouds your judgement.'

If it walks like a duck, quacks like a duck and behaves like a duck - it is a duck!

[Balance]

Interesting to note that in the last 10 years that :

1. KFL is down (yes, minus) 24.24%

2. NZ50 is up 71.51%

3. AIA is up 159.61%

[Balance]

In the last 12 monts :

1. NZ50 is up 8.64%

2. AIA is up 12.93%

and ...... DRUM ROLL ....

3. KFL is down (yes, MINUS) 9.71%

Performance fees, anyone? Champagne is getting warm in Paris.



https://www.nbr.co.nz/article/kingfi...tment-b-192315

Fisher Funds wrong - 2 years in a row calling market direction. But out-performance fees nevertheless!

[kiwico]

When it comes to the fees and return of capital, a holder is effectively being charged 1.25% of gross asset value (reduced by 0.10% for every 1% of under performance relative to the change in the NZ 90 Day Bank Bill Index with a floor of 0.75%) to be paid their own capital back as a "dividend".

No thank you.

[hardt]

In the last 12 monts :

1. NZ50 is up 8.64%

2. AIA is up 12.93%

and ...... DRUM ROLL ....

3. KFL is down (yes, MINUS) 9.71%

Performance fees, anyone? Champagne is getting warm in Paris.



https://www.nbr.co.nz/article/kingfi...tment-b-192315

Fisher Funds wrong - 2 years in a row calling market direction. But out-performance fees nevertheless!

Did not know Fisher Funds have complete control over the stock price...