KFL - discount to diluted NAV

[alokdhir]

the market rally if it continues might give them a chance of converting the warrants if share's can get up over 1.35. need good announcement from ift

Even chance of that ...IFT and MFT can help hopefully ...NAV of 1.40 and SP of 1.32 ....exercise price of 1.26 ...gives warrant worth of 5 cents + ...possible but need IFT and MFT to help

BTW yesterday's NAV crossed $ 1.35 !!!

SUM seems like a dark horse ...not to be overlooked

[alokdhir]

Expecting $ 1.34+ ...NAV

[alokdhir]

At present NAV looking like $ 1.335 and SP $ 1.22 ...ie 11+ cents discount !!!

[Rawz]

KFL should invest in TWR. Heck even do a deal to manage their float

[alokdhir]

KFL should invest in TWR. Heck even do a deal to manage their float

That deal is with SR ...he. is master of floats ...lol

Though TWR is in super limelight ...going great guns

[alokdhir]

https://www.nzx.com/announcements/429794

NAV of $ 1.3366 and SP at 9% discount ...steepest of all 3 . Case for ....??

Important quarter too with IFT / MFT/ FPH plus some more results due

Also its becoming more and more possible that its warrants will not be in the money by July end thus NO DILUTION fears unlike BRM whose warrants will surely be in the money and thus will dilute NAV big way ...imo

[alokdhir]

https://www.nzx.com/announcements/430059

My estimate after FPH heroics yesterday $ 1.3415 ...steepest discount still 9% !!!

[Rawz]

https://www.nzx.com/announcements/430059

My estimate after FPH heroics yesterday $ 1.3415 ...steepest discount still 9% !!!

Great value.

[winner69]

Still buying own shares

Neighbour asked me if they have spare cash why don’t they buy more FPH or Vulcan shares if they think those companies are so good?

I said ‘financial engineering’

Hecsaid what to benefit the managers by making themselves look good

What do I really tell him …please …in simple words

[Toddy]

Still buying own shares

Neighbour asked me if they have spare cash why don’t they buy more FPH or Vulcan shares if they think those companies are so good?

I said ‘financial engineering’

Hecsaid what to benefit the managers by making themselves look good

What do I really tell him …please …in simple words

A easier answer is that they do not have alot of cash on hand. And if they tried to exit a nzx stock in their portfolio to release cash then it would probably put extreme pressure on that price.

Yes, the head shares represent fantastic value. So investors would prefer to buy the discounted head shares and receive the next dividend. Win win.

It is difficult to say why the discount is so large. But in the meantime what a bargain for this lucky enough to have cash to invest.