KFL - discount to diluted NAV

[Sideshow Bob]

Hey Balance, did you nominate Carmel for entrepreneur of the year as her biggest fan??

http://www.ey.com/NZ/en/About-us/Ent...2016-finalists

[Balance]

Hey Balance, did you nominate Carmel for entrepreneur of the year as her biggest fan??

http://www.ey.com/NZ/en/About-us/Ent...2016-finalists

But of course.

I have great admiration for her ability to generate management fees - through all means possible, good times plenty and bad times even more!*












*relative to what unitholders get.

[Balance]

Hey Balance, did you nominate Carmel for entrepreneur of the year as her biggest fan??

http://www.ey.com/NZ/en/About-us/Ent...2016-finalists

"Her target market was what she called ‘Mum and Dad’ investors who would be attracted by her mantra of making investing profitable, understandable and enjoyable."

Now you know the secret of her success. [deleted by STMOD]

[Snow Leopard]

Fisher Funds directors share $10.3 million dividend pot

That will probably give Balance apoplexy!

Best Wishes
Paper Tiger

[777]

Fisher Funds directors share $10.3 million dividend pot

That will probably give Balance apoplexy!

Best Wishes
Paper Tiger

Good......

[Balance]

Fisher Funds directors share $10.3 million dividend pot

That will probably give Balance apoplexy!

Best Wishes
Paper Tiger

Cool melons on a hot summer day.

Who wants to get worked up about people who leave their doors open and valuables on display while they rush to the supermarket to grab some cheapo specials?

Even the most naive rookie cop will say 'serve them right' when they get back home and find they have been burgled.

KFL unit holders kinda remind me of people like that.

Meanwhile, same money invested in a no-brainer solid dividend yielding stock like AIA would have given you outperformance of over 200% (yes, 200%) against KFL with its self-promoting-'with your money'-glorified-management 'heads they win, tails you lose' structure.

ENJOY.

[Sideshow Bob]

Taken from another thread for ya Balance....

http://www.nbr.co.nz/article/kingfis...tment-b-192315

[777]

Taken from another thread for ya Balance....

http://www.nbr.co.nz/article/kingfis...tment-b-192315

I think Balance made the first comment on that article.

[Balance]

Taken from another thread for ya Balance....

http://www.nbr.co.nz/article/kingfis...tment-b-192315

The answer of course is to move into cash but then, there's no juicy management fees to be made.

Comments like those are simply laying the groundwork (as usual) for excuses why KFL is not going to perform in the year ahead and if it does, how great the managers are.

Seen that pathetic excuse peddled out like stale 1 month old moldy bread to little ducklings many a times in the past - works everytime though as the ducklings are hungry and starved enough to swallow anything.

[Not too Flash]

Kingfish NAV released yesterday $1.3896
50% of there assets being held in MFT, FPH, RYM, FRE and IFT
Warrants currently under 2c with a further payment due next week of $1.21

An entry into a basket of these shares at a substantial discount.

Realise there will be some dilution when warrants are converted

Apart from all the inevitable comments regarding Management Fees etc - seems to be a reasonable opportunity

Comments ?