Yeah I got one a while back for my shares in Marlin, part of the Kingfish Group. In my opinion the best way to navigate this is to fill out the form and send it back.
No big deal...
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Yeah I got one a while back for my shares in Marlin, part of the Kingfish Group. In my opinion the best way to navigate this is to fill out the form and send it back.
No big deal...
Jay, I would say don't fill the form out. Then the NZ IRD will inform the US based IRS who will inform Donald Trump that you are a fraudulent kiwi who has been impersonating yourself, and further that you have set yourself up as a New Zealander purely to avoid paying US tax.
SNOOPY
If I filled them in I ended up with some ignorant halfwit phoning me to tell me that the information was incorrect, that I should consult a tax advisor and I needed to redo the form.
So now I don't fill them in and when the ignorant halfwit phones me and threatens to report me to the tax authorities I tell him to go ahead.
And at the appropriate time of year for each country I have to deal with I do my tax returns with all the information and they are happy.
Pretty sure the other Beagle's post is tongue in cheek :)
Getting back to the Kingfish group. KFL discount to NTA is about average at present but Barramundi BRM is presenting as quite the opportunity especially the warrants BRMWE !
I have valued the warrants at 7.4 cents as of yesterday which is quite the delta to the current price of 3.0 cents.
Valuation assumes fair value of BRM is 10% discount to NTA which is a slightly deeper discount that the historical long run average and deeper than the average Marlin of Kingfish trade at. Disc: I have backed the truck and trailer up on BRMWE and will exercise these warrants on 25 October 2019 to crystalize their true value.
Free lunch on offer with the Barramundi warrants but you must have the 58 cents per warrant available at exercise and exercise them to get the real value out of this.
KFL sitting at $1.58 today. Is this just a reflection of their positive half yearly results/report? Whatever it is, I’m happy :)
In their most recent publication they said they'd sold out their remaining small stake in FBU and topped up their stake in SUM.
SUM now in their top five holdings at 9% and ahead of their RYM stake despite the latter having several times the market cap.
Maybe they believe share prices follow earnings too ?
It seems that way and interestingly in recent months the discount to NTAS across the group has narrowed down quite significantly from historical averages.
This would suggest investors are increasingly comfortable with their investments with the Kingfish group and happy to buy on even a modest 2-5% discount to NTA.