Barramundi ( BRM )

**brent** · 18-10-2007, 09:23 PM

I see BRM has written to investors saying it is warrant exercise time. I guess with share price just over listing price there will be zero takers. (Might have been different in Aug when the price was close to $1.20).
Also note today that its NAV is $1.23 http://www.sharechat.co.nz/markets/n.../item/155456/A

**Ttops** · 18-10-2007, 11:40 PM

Originally Posted by brent

I see BRM has written to investors saying it is warrant exercise time. I guess with share price just over listing price there will be zero takers. (Might have been different in Aug when the price was close to $1.20).
Also note today that its NAV is $1.23 http://www.sharechat.co.nz/markets/n.../item/155456/A

BRM has increased its sp by 2% over the year. The warrants at 26.5c today slowly down trending since May will be worth maybe 6 cents in two years at this rate.

**Yossarian** · 19-10-2007, 12:13 AM

why such a big discount? hardly makes you want to pile into Fishers' new float (Marlin).

**QOH** · 19-10-2007, 12:18 AM

I was asking about Marlin the otherday. There appears little interest, thinking seriously about cancelling my allocation.

**ratkin** · 19-10-2007, 06:46 AM

Barramundi finally starting to look attractive. Now at a discount to NAV after being at a premium for a long time.
Recent price weakness will be partly down to people selling up to switch to Marlin

Only reason i can see for buying Marlin would be to stag it, and that looks doubtful , there isnt the money around there was last year.
For the longer term i cant see the attraction , there are plenty of quality listed funds around that are trading at a decent discount to NAV , why buy into one that isnt?

**QOH** · 19-10-2007, 11:03 AM

Yes I was only going to stag Marlin. There seems to be very little publicity for it. I wonder if they think it's all been taken up by now. I think I'll probably cancel my allocation.