That's absolutely shocking isn't it ! Woefully consistent underperformance.
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Funny that all this negativity posted has caused the share price to rise. Keep it going will you?
One of BRM charts they use
The TSR line looks pretty good
Excellent - sp moving up gives those who see the light the opportunity to get out at a better price.
Put the $$$ into something which can put on 100%.
You will have got some great divs waikare, how do they stack up over that time, what 8% div for an 0.3% loss on the share price atpit? Its like a bond but much better.
Exactly. If one takes a medium term 5 year view the SP has declined from 71 cents to 60 cents so investors have suffered a capital loss of 15.5% or 3.1% per year.
Take that off their 8% per annum in dividends and the real dividend return is just 4.9% per annum.
If people are happy with that then all I can say is they're easily pleased.
One thing for sure it aint an investment grade stock.
I've invested in BRM a few times over the years.
Mid 2014, I bought at 61c. In 1 year, collected 5.55c of dividends, reinvested in the DRP. Sold mid 2015 at 70c.
About a 25%pa return after brokerage, so not too bad!
I was a bit lucky with the timing. You can certainly do much worse elsewhere.
Worth reposting for those who want to know the Fisher Fund trick.
The listed Fisher funds are a disgrace to the industry and an affront to basic human decency - they are all about farming fees, locking in unitholders with little option but to keep paying fees despite bad performances - in one word, GREED.
I knew it was Autumn. The Carmel hater has come out of hibernation.
https://www.reuters.com/article/us-b...-idUSKBN1640F1
“There’s been far, far, far more money made by people in Wall Street through salesmanship abilities than through investment abilities,” he said. “There are a few people out there that are going to have an outstanding investment record. But very few of them. And the people you pay to help identify them don’t know how to identify them. They do know how to sell you.”
As true as it is ever going to get - BRM, KFL and MLN are all about salesmanship, not about performances.
The salesmanship is about getting brokers, consultants, planners and small time investors to believe in the myth of diversifying with 'experienced' and 'specialist' investment managers - not about the fact that the performance of BRM sucks like a rotten lemon laying on manure. And it certainly is not about the lopsided management fee structure - heads they win, tails you lose.
https://www.barramundi.co.nz/investo...o-performance/
They've been doing better lately and performance over the last year has exceeded the relevant benchmark so the above comments from Balance last year have proved to be incorrect.
Big jump in NTA in the last week of more than 3.3%. Warrants look very cheap to me given their exercise price adjusted for dividends paid since issue and NTA of over 70 cents per share. Disclosure: Own the warrants exercisable on 25 October 2019. Warrants are so cheap they effectively give you 5 months option to exercise which could be quite valuable if the market does well. Disc: On the bid for some more at 1.5 cents per warrant, (please wait till I have finished acquiring some more before trumping my bid).
The holders that take the hit are those that sell the warrants and those that don't sell and also don't take them up.
A lot of holders have small number of warrants and the cost of brokerage does not make it worth while selling them and they don't want them so let them lapse.
In theory the head share should adjust down for the issue of new shares. Whether that is noticeable remains to be seen.