KFL - discount to diluted NAV

[ronaldson]

Yes, 8.4cps increase in NAV in a week is remarkable. Won't be many times in the past that has been the case! Goes ex dividend on 8 September.

[alokdhir]

Maybe next weeks NAV jumps to all time high of 1.92 ...at that time SP of KFL was 2.13 !!!

MFT + FPH can help reach there soon

3.52 cents dividend also very attractive at the moment ...maybe it will help it reach 2.10 by 8th Sept .

[ronaldson]

KFL has an interesting strategy for the computation of dividend, paying 2% of NAV each quarter regardless of whether a rising or falling market/NAV. You are right the current quarterly dividend (yet to be paid, but cum div if you buy on or before 7 September ) is 3.52cps. I believe the highest quarterly dividend ever paid in the past has been 3.60cps, and the last reported NAV would support an even higher payout than that in the next quarter, if maintained.

It is sort of self-adjusting, because paying the dividend itself reduces the then current NAV.

[alokdhir]

KFL has an interesting strategy for the computation of dividend, paying 2% of NAV each quarter regardless of whether a rising or falling market/NAV. You are right the current quarterly dividend (yet to be paid, but cum div if you buy on or before 7 September ) is 3.52cps. I believe the highest quarterly dividend ever paid in the past has been 3.60cps, and the last reported NAV would support an even higher payout than that in the next quarter, if maintained.

It is sort of self-adjusting, because paying the dividend itself reduces the then current NAV.

Most likely it will keep rising till 8th Sept ....210 coming soon

[alokdhir]

Most likely it will keep rising till 8th Sept ....210 coming soon

210 come and today last day of with Dividend of 3.52 cents . Tomorrow its ex dividend .

[daveypnz]

Looks like major resistance at 2.10 and with divvy being paid I'd say she takes a breather from here.

[alokdhir]

Normally it doesn't loose full value after going ex ...so 208 tomorrow is actually 2.115 todays

[777]

New warrants issue out. KFLWG.

[alokdhir]

12 the Nov Ex date ....2.03 minus expected 14 cents divvy = 1.89 likely exercise price on 18th Nov 2022 ...

Overall its a very attractive offer and should have keen interest

[Beagle]

12 the Nov Ex date ....2.03 minus expected 14 cents divvy = 1.89 likely exercise price on 18th Nov 2022 ...

Overall its a very attractive offer and should have keen interest

Used to be rich pickings, (I got a bit fat on a size of some of the feeds) when these warrants within the overall Kingfish group started trading but sadly these days it seems people are far more aggressive with growth assumptions and if the most recent Marlin warrant listing is anything to yardstick against these warrants will start trading well above their intrinsic value.

I will run my dog food sniffer nose over them looking for a feed a little closer to listing date but I am not going to hold my breath.

Shares currently trading circa 10% above NTA and very easy to replicate their modestly diversified portfolio so that's pretty boring too.