On other Channel Mr B has called BRM his trifecta find after HLG / TRA ...now BRM ...Mine is KFL but both have similar traits and fund mangers etc ...so even 50/50 will do for me ...
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On other Channel Mr B has called BRM his trifecta find after HLG / TRA ...now BRM ...Mine is KFL but both have similar traits and fund mangers etc ...so even 50/50 will do for me ...
big seller back
This shows the problem of the small market we have in NZ. If you build up too big a holding in almost any stock then disposing of a large quantity is difficult. You end up controlling the price.
She had no choice but to keep getting stock as Bonuses ...so it got built up ...also being part of management she cud not sell otherwise SSH wud have scared the market like TRA ...so after leaving board she started cashing ...but wrong timing ...when it was at 20 cents premium then was the time ...vols were good and it wud have actually helped control unwarranted premium . Saw that companies register again ...it got updated yesterday but still has pretty old data ...as mine is still 2 months or more old .
I was speaking generally alok, not her specifically, nor KFL particularly.
I do appreciate that general problem thats why I hesitate to invest in any small cap or low liquidity stock ...its almost impossible to cash out when u actually want to ...but large caps have enough liquidity always especially during index rebalancing days so u get chance once 3 months at least
Todays NAV as per my spreadsheet went up another cent ...its roughly $ 1.3015 ...above 10% discount now !!
My spread sheet is based on 30th Sept portfolio ...so can have some tracking error ...will realign when Dec portfolio is revealed .
PS : As per Sept newsletter ...NAV was $ 1.30 and then SP was $ 1.26 as on 30th Sept 2023 !!!
U will find the NAV tmrw mate ...today's closing prices ...will update my estimate of NAV after market close . Smells part I dont know ...what can smell ...intentions or fraud or inefficiency ...Its a $ 400 Mil fund independently audited and independent custody of portfolio ...what makes u think something smells mate ??