I'm going to let my warrants lapse at 62c. If sp was at 69 to 70c then would exercise them:t_down:.
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Which underscores a few comments on this thread that they're effectively paying dividends out of capital. Need I remind anyone that these shares were originally issued for $1 a VERY long time ago.
Birmaboy - I see they have now taken on board some of the criticisms of a number of posters like myself and now have a far more widely diversified portfolio of stocks. Some would say that they might even be starting to understand what people actually expect in a managed fund - diversification....took them long enough...
I prefer to catch my own fish.
You are assuming it will go lower then - I think it is hugging 0.62 because of the warrants, and that when they are out of the way SP should climb...
I am undecided on whether to convert, but when there is not much in it I have a preference to give money to a company for investment or growth rather than to a anonymous trader on the other side of a deal...
Believe it not there are advisors/managers throughout the world who analyse investment trusts/funds like Barrimundi and use mathematical wizardry to workout if they are 'cheap' or not
One thing use is a Z score (not Mr Altmans Z score) which basically works out how far away the current discount to NAV is away from the average discount taking into account stand deviations and all that sort of stuff.
BRM current Z score is -0.62 which is 'cheap' but not that 'cheap' ......and it has been getting 'cheaper' over the last few months. General rule of thumb these gurus use seems to be to look for trusts/funds with a score of -2 and tout those as a good/screaming buy - that is BRM around 58 cents
Interesting eh - all that mathematical stuff when your guts came to the same conclusion.
Footnote: But then again thats all based on historical performance and all about discounts to NAV. When the inevitable market collapse happens and BRM is at 40 cents say and at 15% discount to NAV it will still ve a screaming buy
Interesting stuff Winner. Have you ever tried using this method yourself and if so, any success? Given the diversification of the portfolios, I imagine it would be a reasonably risk free strategy.
So is this WIN fund available to other investors or is it closed to new entrants:) Management fees are generally tied to performance so are you telling us your current manager is crap?;) David Ware may be available..he's a smart guy..I remember talking to him when CNU was at its lowest and he told me he had just loaded up on it. That was a smart/brave move and he certainly knows the Telco market.