Originally Posted by
Beagle
Update. These have been trading at quite a substantial premium to NTA, latest share price $2.04 at time of posting and last reported NTA was $1.85 as at last Wednesday, (and the market has dropped a fair bit since then).
I do not feel such a premium is warranted. I would not be concerned if the premium was 2-4% but it is currently well north of 10%, (adjusted for warrant exercise) and I feel that is unjustified as KFL have not outperformed their benchmark as much as the other funds Barrmundi and Marlin. I made my own assessment over the holidays that the warrants were not worth the 44-45 cents they were priced at, (at one point), and sold them all.
I remain of the view that the Barrmundi warrants are an excellent hold at around 21 cents.
Good luck to holders.