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12-01-2024, 10:45 AM
#101
Originally Posted by percy
I no longer hold any EBO,FPH,MFT,IFT,DGL,CEN or MEL...
To have an interest in the above shares I bought 25,000 KFLWHs this morning at 6.9 cents. 6.9 cents [$1,755] seems to be a good price to control $1.41 of nta [$35,250].
If those excellent shares continue to perform and KFL share price reflects their performance I will hopefully be well in the money.
The reason I bought these options remains intact.
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12-01-2024, 10:45 AM
#102
Maybe it's because I ran and did accounting of derivatives for years.
The models have their place, especially as the banks loved to s rew everyone.
Debate away.
However, economics 101 and the laws of supply and demand are centuries old and always will drive the market.
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12-01-2024, 09:57 PM
#103
Originally Posted by Rawz
SPC, only if you are buying the same number of head shares as warrants you sold.
Not the same as the $ value worth of warrants you sold
No need to make those wiser who already think they better then Einstein ...lol
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12-01-2024, 10:01 PM
#104
Originally Posted by winner69
Discount to NAV today mainly the NPV of future fees …of course that discount varies from time to day but a fair proportion of it is fees related
Mate I am sure u dont think market thinks Fisher funds charges around 10% per annum for managing KFL portfolio ....discount today is mainly due to equity negativity and demand supply mismatch ...fund charges are less then 1% of NAV ...
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12-01-2024, 11:26 PM
#105
Originally Posted by alokdhir
Mate I am sure u dont think market thinks Fisher funds charges around 10% per annum for managing KFL portfolio ....discount today is mainly due to equity negativity and demand supply mismatch ...fund charges are less then 1% of NAV ...
.....all future fees ......this year's fee plus next years fee etc etc etc
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13-01-2024, 08:44 AM
#106
Originally Posted by winner69
.....all future fees ......this year's fee plus next years fee etc etc etc
Why one need to account for so many years of fund charges ...then one should account for many many years of growth ahead also ...no ...u not making sense to me mate ...current year fund charges discounting I understand but many future years charges discounted today while many future years growth not accounted is little too much to digest ...and its not very hot as yet ...so I can still think straight ....I guess
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13-01-2024, 11:37 AM
#107
Can’t be the fees as BRM, KFL and MLN all have different nav discounts. (I’m assuming FF charge the same fee for each listed entity).. me thinks it’s more to do with past performance and then interest rates
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16-05-2024, 09:13 AM
#108
Originally Posted by ronaldson
I capitulated this morning at an average $0.0234. Worst trade ever, since acquired the large parcel at $0.105 soon after trading in these warrants began.
Hope that was the right decision since the original purchase clearly wasn't from the brightest bulb in the room!
Looks like the warrants are/will be completely busted.
Curious in a way because NTA of the head shares is quite a bit above the assumed exercise price of $1.26/$1.27. But no point in exercising if KFL trades on market at such a significant discount that the manager is conducting daily buy back operations. Of course the June dividend will further reduce the current NTA before the exercise date and may halt the buyback as a result.
Non exercise will be good for existing KFL holders because it doesn't give rise to any further NTA dilution.
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