I think that this is very valid - perhaps not the right thread but this is why KFL is not the dog that many commentators think it is - 49% of KFL is FPH/MFT/IFT and these 3 overall probably have about 80% of their business offshore (and in the case of IFT much of the NZ business is effectively offshore funded e.g. datacentres). On top of that fully-imputed div and 33% tax rate (well the portion that is not capital gain) as well as a healthy discount to nta. KFL share price up 1c YTD nta up 3c and a dividend of 2% nta paid too.[/QUOTE]
Could not agree more and I cud not have said it better ...KFL for me is the safest and best buy on NZX ...ATM / EBO / VGL are also their holdings not nz economy oriented companies![]()
Bookmarks