KFL - discount to diluted NAV

[777]

Todays movement in Kingfish companies.
Looks better than what you are thinking.

AIA.NZ

$8.42
-0.02 / -0.24%

6,564,795
8.40 - 8.60

ATM.NZ

$4.37
+0.02 / +0.46%

1,105,875
4.31 - 4.39

CEN.NZ
$7.82
+0.01 / +0.13%

1,177,983
7.78 - 7.91

DGL.NZ
$6.43
-0.05 / -0.77%

25,117
6.43 - 6.46

EBO.NZ
$34.82
-1.18 / -3.28%

353,669
34.70 - 36.00

FPH.NZ
$23.99
-0.76 / -3.07%

1,210,293
23.96 - 24.75

FRW.NZ
$8.30
+0.28 / +3.49%

171,727
8.02 - 8.30
IFT.NZ

$10.00
-0.05 / -0.50%

823,364
9.91 - 10.075

MEL.NZ

$5.41
+0.1 / +1.88%

3,592,156
5.20 - 5.41

MFT.NZ
$67.11
-1.11 / -1.63%

128,687
67.00 - 68.82

POT.NZ
$5.42
+0.12 / +2.26%

369,824
5.29 - 5.42

RYM.NZ
$5.35
+0.04 / +0.75%

822,470
5.28 - 5.37

SUM.NZ
$10.10
+0.42 / +4.34%

302,998
9.68 - 10.10

VGL.NZ
$1.45
+0.05 / +3.57%

97,156
1.38 - 1.45

VSL.NZ
$8.20
+0.19 / +2.37%

32,718
8.01 - 8.20

[alokdhir]

NZX50 flat today …..but NZX10 down 1%

Suppose that means a bad day for KFL value

The paper says the blue chips suffered from profit taking lol

Agree with. your assessment ...it seems Index rebalancing punished ie SP got hit for stocks which have done well recently ie FPH / MFT etc while laggards got bought like SUM etc ...out of the blue chips .

It will normalise soon after ...NZX is lagging behind world markets ...2024 will do catch up as rates outlook become clearer . KFL shud do well ...growth blue chips will rise and discount shud narrow ...no wonder Bull is back in it ...super trading mind he got

[alokdhir]

On other channel W69 is very bullish about Fisher funds' close ended listed funds ...he even thinks they can trade at a premium some time in future particularly he talked about BRM with NAV appreciating more then 20% in one year ...amazing !!

I am more bullish on KFL vs BRM ...though both are great buys currently as both have very deep discounts to NAV and in markets which need catch up with world markets ...they will surely when it catches the eyes of big boys ...they at present busy with bigger markets

Need do Poll of closing SP for this year and next ...my estimates are 2023 $ 1.25 and 2024 $ 1.40 !!

[mike2020]

$1.21 and $1.50. Watch the narrative change by the next ORC meeting.

[Sideshow Bob]

Long way to go, but warrants still out of the money.

[alokdhir]

Today KFL's NAV went up 1 Cent as per my spreadsheet while SP dropped 3 cents ...widening the discount back to 10 % ...I think KFL management have already gone on Xmas holidays ...lol

[bull....]

Today KFL's NAV went up 1 Cent as per my spreadsheet while SP dropped 3 cents ...widening the discount back to 10 % ...I think KFL management have already gone on Xmas holidays ...lol

is the buyback fake news ? i cant find 1 instance of any share buy back

[alokdhir]

[QUOTE=bull....;1034664]is the buyback fake news ? i cant find 1 instance of any share buy back[/QUOTE

https://www.nzx.com/announcements/340010

Many many instances ...but like I told u that they not very aggressive with it ever

PS : This time maybe special as they know who is selling and maybe they dont want to help her out or they want stock to be more widely owned by letting her spread to mum and dad investors at a super attractive discount ...no need worry if u have more then a year's time frame in mind ...in next 2-3 years it may even reach par + ...so one gets extra 10% at today's SP to cover next 10 years of Fund charges ....all know KFL portfolio is super blue chips so all win who buys at current levels

[Toddy]

Maybe management are just waiting until it's closer to warrant exercise date. Then go hard ensuring that the money comes in.

[alokdhir]

Maybe management are just waiting until it's closer to warrant exercise date. Then go hard ensuring that the money comes in.

If thats the plan then it's sure to be profitable to go in now too ...will get at least 10% gains on funds used now ...lol