Maybe $ 1.29 possible ....with what it seems like institutional buying in blue chips ....FPH / EBO / MFT ...all up ...IFT / AIA down ...seems interest shifting to blue chip growth from blue chip defensive plays ....
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Maybe $ 1.29 possible ....with what it seems like institutional buying in blue chips ....FPH / EBO / MFT ...all up ...IFT / AIA down ...seems interest shifting to blue chip growth from blue chip defensive plays ....
Almost similar NAV ...close to $ 1.28 ...after divvy out its $ 1.255 ....6% discount is at almost $ 1.18 ...so fund shud be buying ...but maybe they will let retail absorb the supply from Carmel Fishers account ...in long run its better as it diversifies the holdings ...it was too concentrated with her being largest investor ...around 15% at top ...now its maybe less then 4% ...I think !!
But we holders on DRP can still see the silver lining ...this time DRP strike maybe $ 1.135 :cool:
ex dividend NAV is $1.2539 at 30 November. On-market trading is $1.15 buy and $1.16 sell, which should definitely trigger the buy-back opportunity as clearly exceeds 6% discount presently, but it obviously isn't happening just now.
I wonder if a buy back cannot/should not occur during the period a DRIP price is being calculated? And that once the timeframe for computing that has passed we will see a small bounce in, or at least a stabilisation of, current pricing?
Expecting NAV around $ 1.27 tomorrow ....SP at measly $ 1.15 ...widest discount in quite some time ...even wider then Covid sell off !!
Must sell is only a mortgagee sale ...Margin Call or just dont care seller ??? Very interesting time ...
Got some at $ 1.15 today ...will get some at $ 113.5 DRP also ...
My interpretation of on-market trading today is that KFL is buying at $1.16, and possibly also at $1.17. Expect a NZX notice to that effect tomorrow.
hey alok how big is there buy-back $
Not big ...just token buy back I reckon ...but they give signals to market to get in...thus it helps when their buyback notifications start coming
10% discount is just too much ...all because of Carmel selling as she had very big holding ..which they got from years of bonuses paid as stock etc ...reason she left Directorship as she wanted to cash out otherwise too many notifications need put for her sales
PS : If she was ready for this steep discount ...it wud have better for KFL to do a deal with her off market ...why let shareholders panic or suffer ???