Barramundi ( BRM )

[Toddy]

NAV @ 74.72

Buying back at 72

Interesting ....

Makes total sense to me. They have 5 percent cash on hand and have been active in the portfolio management.

[Sideshow Bob]

Makes total sense to me. They have 5 percent cash on hand and have been active in the portfolio management.

With warrants to be exercised in a few months at probably just over 63c.

[alokdhir]

Mandate says 6% discount to NAV after incorporating market moves after the last reported NAV ...as per that buying back at 5% discount maybe overkill !!

[Toddy]

They will have a plan to do everything within their control to ensure the best value for shareholders.

Buying back stock is an important part of ensuring shareholder value.

They want to get the warrants across the line come October.