Barramundi ( BRM )

[JayRiggs]

I've invested in BRM a few times over the years.
Mid 2014, I bought at 61c. In 1 year, collected 5.55c of dividends, reinvested in the DRP. Sold mid 2015 at 70c.
About a 25%pa return after brokerage, so not too bad!

I was a bit lucky with the timing. You can certainly do much worse elsewhere.

[Not too Flash]

BRM underperformed (to put it mildly) the Oz market by 18.25% in the last 2 years.

In the last two years, S&P/ASX 200 up 14.2% (5351 to 6110), while BRM is down 19% (73c to 59c) & total dividends paid totalled 10.77 over the 2 years (14.75%).

Let's not go back to 2006 when BRM was issued for $1.00!

Only mugs invest in this kind of fund.

What a pity you can't give a "balanced" view - not sure how you got the price of 73c 2 years ago
Try recalculating your figures ....

[Balance]

What a pity you can't give a "balanced" view - not sure how you got the price of 73c 2 years ago
Try recalculating your figures ....

I use Yahoo price chart.

No need to recalculate my figures.

[Balance]

I can show you a way to get a much better yield from your bank term deposit.

1/ Invest $10,000 at 2% pa
2/ At the end of the year you have $200 in interest due (yay).
3/ Pull out $1,000 of your capital and just reinvest $9,000 for the next year.
4/ The yield on your $10,000 one year investment becomes:

($1,000 + $200) / $10,000 = 12% !!!!!!

Absolutely fantastic, and here is the rub. BANK STAFF WILL NEVER TELL YOU THAT YOU CAN DO THIS! I call it 'Doing a Carmel'

SNOOPY

Worth reposting for those who want to know the Fisher Fund trick.

The listed Fisher funds are a disgrace to the industry and an affront to basic human decency - they are all about farming fees, locking in unitholders with little option but to keep paying fees despite bad performances - in one word, GREED.

[777]

I knew it was Autumn. The Carmel hater has come out of hibernation.

[Balance]

I knew it was Autumn. The Carmel hater has come out of hibernation.

And the cheerleader has come out to suck in yet more victims.

[Balance]

https://www.reuters.com/article/us-b...-idUSKBN1640F1

“There’s been far, far, far more money made by people in Wall Street through salesmanship abilities than through investment abilities,” he said. “There are a few people out there that are going to have an outstanding investment record. But very few of them. And the people you pay to help identify them don’t know how to identify them. They do know how to sell you.”

As true as it is ever going to get - BRM, KFL and MLN are all about salesmanship, not about performances.

The salesmanship is about getting brokers, consultants, planners and small time investors to believe in the myth of diversifying with 'experienced' and 'specialist' investment managers - not about the fact that the performance of BRM sucks like a rotten lemon laying on manure. And it certainly is not about the lopsided management fee structure - heads they win, tails you lose.

[Beagle]

https://www.barramundi.co.nz/investo...o-performance/

They've been doing better lately and performance over the last year has exceeded the relevant benchmark so the above comments from Balance last year have proved to be incorrect.
Big jump in NTA in the last week of more than 3.3%. Warrants look very cheap to me given their exercise price adjusted for dividends paid since issue and NTA of over 70 cents per share. Disclosure: Own the warrants exercisable on 25 October 2019. Warrants are so cheap they effectively give you 5 months option to exercise which could be quite valuable if the market does well. Disc: On the bid for some more at 1.5 cents per warrant, (please wait till I have finished acquiring some more before trumping my bid).

[mfd]

https://www.barramundi.co.nz/investo...o-performance/

They've been doing better lately and performance over the last year has exceeded the relevant benchmark so the above comments from Balance last year have proved to be incorrect.
Big jump in NTA in the last week of more than 3.3%. Warrants look very cheap to me given their exercise price adjusted for dividends paid since issue and NTA of over 70 cents per share. Disclosure: Own the warrants exercisable on 25 October 2019. Warrants are so cheap they effectively give you 5 months option to exercise which could be quite valuable if the market does well. Disc: On the bid for some more at 1.5 cents per warrant, (please wait till I have finished acquiring some more before trumping my bid).

If the warrant holders get a bargain, who pays for it? The regular unit holders? Often the same people of course, but it must be exciting to see which version of them wins.

[777]

The holders that take the hit are those that sell the warrants and those that don't sell and also don't take them up.

A lot of holders have small number of warrants and the cost of brokerage does not make it worth while selling them and they don't want them so let them lapse.

In theory the head share should adjust down for the issue of new shares. Whether that is noticeable remains to be seen.