Where would BRM et al fit in the U.K. Investment Trust universe?
https://www.trustnet.com/fund/price-...alistVct=false
Printable View
Where would BRM et al fit in the U.K. Investment Trust universe?
https://www.trustnet.com/fund/price-...alistVct=false
BRM - Announcement of Warrant Exercise Price (BRMWF) - NZX, New Zealand’s Exchange
13/9/2021, 9:46 amMKTUPDTE13 September 2021
Announcement of Warrant Exercise Price (BRMWF) – Barramundi Limited
Barramundi Limited (Barramundi) wishes to advise all Barramundi Warrant Holders (BRMWF) that the final exercise price of the warrants is $0.64.
Further details regarding the Barramundi warrants, which have an exercise date of 29 October 2021, will be emailed/mailed to all warrant holders during September 2021.
At todays prices there is a 6% arbitrage opportunity for BRM holders ...sell head shares and buy warrants to exercise on 29th Oct to get head shares back . Risk free 6% on offer !!
Yes the warrants are better buying than the head shares for sure.
There will be 'up to but not exactly' 20 percent more shares issued once warrant exercise takes place. That should in theory bring the market price down via NTA dilution. In theory.
Pre div was the time to sell circa 110c and restock at 64c ps plus price of any warrant top up buys on market.
I never take DRP shares. Take cash instead for market dip opps and regular warrant issue exercise.
Not alot of holders are active holders I gather. It's a passive approach for some.
http://nzx-prod-s7fsd7f98s.s3-websit...052/354652.pdf
Disc: I have built up a large stake in Barramundi warrants and will exercise them all on 29 October.