The society for the protection of unwed Birman mothers has yet to see a cent (or smell a scent) yet so remain unconvinced.
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The society for the protection of unwed Birman mothers has yet to see a cent (or smell a scent) yet so remain unconvinced.
http://zoonarea.com/wp-content/uploa...ts-worth-7.jpg
Interesting the buy-back %age down to 8%. At NTA of 69.7c - could buy back at up to 64c.
Will be interesting to see if this occurs .....
Roger remember KFL BRM and MLN are all PIE's so 28c/$.
As a large holder in all 3, BRM has performed the worse. This is simply the failure of the Australian market to perform overall and to some extent poor selection of stocks by BRM.
Paying out dividends from capital gains is fine with me. Australian unit trusts are required to pay out these, realised, every year as distributions. This make them a good choice under the current FIF regime as they usually in excess of the 5%.
If BRM was a unit trust then buying in or selling would be at it's NTA. The fact the market operation creates a discount gives opportunity in itself for buying or selling as well as a buffer for the holder if the company was ever to be would up.
The warrants can also be another play. BRM not so good this round but KFL was great. Sold out head shares after the final div in the calculation at 133 and paid 123 plus warrant price, in my case about 4cent average.
As an investor in the sharemarket for over 40 years it is part of my diversification to use others to invest with and give a wider exposure so along with Fishers have money with PIE Funds and Platinum Funds.
A happy chappy.
NTA Up to 71.62.
Think I will take up my current Warrants @ 62 cents.
Maybe even buy a few more.....
Yes ive taken up mine , with no commission to brokers.
Interestingly company buying back at 64c.
Possibly a bit more comfort in exercising at 62c
Have taken up warrants
Looking to buy some more at .5 +62 payment = 62.5
NTA over 70
With company buying shares at 64c as a backstop
What are real risks - other than Aussie stock crashing ?
http://www.bloomberg.com/news/articl...ting-high-fees
Warren Buffett’s biggest investment tip: Be wary of fees.
Consultants, he added, have steered pension funds and others to high-fee managers who, as a group, underperform what you could get “sitting on your rear end” in index funds. The arrangements “eat up capital like crazy,” he said.