no as no guarantee market go up when rates fall , rates might fall cause economy bad , stock market might fall at same time cause of this
I have never seen assets not getting inflated when rates fall ...but u are bigger expert then me .
Hopefully u remember what happened to stocks when covid led rates fell steeply ....I am sure they were not going up as people were expecting great results from companies while epidemic going on ...they just wanted to lap up any assets as cash was becoming cheap ie rates were dropping
Someone is desperate to get out ...providing great opportunity ? !
After yesterdays almost 3 cents jump in NAV courtesy MFT and others ...its NAV shud be closer to 1.29 currently ...big seller at $ 1.21 with dividend round the corner
[QUOTE=wkr;1029573]Can you explain how that works? Cheers[/QUOTE
Share Buybacks
The Board of Kingfish has a buyback programme in place whereby Kingfish shares (KFL) are purchased on market by the company within certain parameters determined by the Board. The buyback period runs for 12 months from the date it is announced to the market. We currently have a share buyback policy in place.
Buybacks work well in circumstances where excessive discounts to NAV exist, as it adds value for shareholders by purchasing undervalued shares in the company. Kingfish will only buy back shares if the discount to the last published net asset value, after adjusting for any changes in the S&P/NZX50G index since the last published net asset value, is greater than 6%. Shares purchased under the policy are held as treasury stock and are available to be utilised under the dividend reinvestment plan, to the extent permitted by law.
Reply With Quote
Originally Posted by mike2020
Bookmarks