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19-11-2019, 10:17 PM
#671
Welcome on board justakiwi.
I topped up with even more Marlin warrants today and took a deep breath and bought back some Kingfish shares so have embraced the winning trifecta myself
Last edited by Beagle; 19-11-2019 at 10:26 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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20-11-2019, 08:45 AM
#672
Member
Originally Posted by Beagle
Welcome on board justakiwi.
I topped up with even more Marlin warrants today and took a deep breath and bought back some Kingfish shares so have embraced the winning trifecta myself
Well done join the club. Since Ive disposed of all other shares these three are stress free in comparison and you have an all-round interest in a sense.
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20-11-2019, 10:50 AM
#673
Originally Posted by stones
Well done join the club. Since Ive disposed of all other shares these three are stress free in comparison and you have an all-round interest in a sense.
Thanks. Yes, as I approach retirement the stress free, extremely well diversified nature of these is noted, as is the fantastic PIE, tax free yield.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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25-11-2019, 05:06 PM
#674
Member
With share price at 69c what are your thoughts on DRP participation this round, too pricey atm?
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25-11-2019, 05:18 PM
#675
I’m no expert but DRP share price will be 3% discount to market price so a great opportunity to acquire additional shares cheaper than you otherwise could. Guess it depends on how many shares you have and whether you have a specific reason/need to take the divi in cash instead.
Originally Posted by mshierlaw
With share price at 69c what are your thoughts on DRP participation this round, too pricey atm?
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25-11-2019, 05:20 PM
#676
Last reported NTA is 72.73 cents so at 69 the shares are currently trading at just over a 5.1% discount to last Wednesday's asset backing.
DRP is based on a 3% discount to 5 day weighted average VWAP so that indicates a 8.1% discount to NTA at this stage.
I am more than happy with that and am fully subscribed to the DRIP but it is possibly worth noting that the next dividend is payable on 19 December so its perfectly understandable that some people will want to enjoy their cash dividend for Christmas and holiday spending
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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16-12-2019, 10:56 AM
#677
Latest Monthly update
http://nzx-prod-s7fsd7f98s.s3-websit...076/314083.pdf
Going very well indeed. Adjusted Net asset value (NAV), the most important measure of financial performance for shareholders has beaten the relevant index by any measure you care to use, (the last month, 3 months,year, three years or five years).
Very pleased to see they have exited their Aristocrat position for ESG reasons, something shareholders were very vocal about at the recent annual meeting. Good that the investment manager heard shareholders message and acted upon it.
Investment team is now performing so well no discount to NTA is warranted. Very happy holder.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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22-01-2020, 02:15 PM
#678
http://nzx-prod-s7fsd7f98s.s3-websit...409/315574.pdf
BRM reports gross performance for the year of a fantastic 36%, a whopping 13% higher than the Australian benchmark index of 23%
What a cracker result !! I was very impressed with their lead investment manager when I attended the Annual meeting in October 2019.
I expect current NTA to be announced tomorrow to be slightly north of 75 cents and see no valid reason why the shares should trade at any discount to NTA i.e. the investment team are well and truly earning their fair and reasonable fees.
Disc: Happy holder ~ 20% portfolio allocation.
Last edited by Beagle; 22-01-2020 at 02:18 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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22-01-2020, 02:19 PM
#679
KFL’s was similarly good
Originally Posted by Beagle
http://nzx-prod-s7fsd7f98s.s3-websit...409/315574.pdf
BRM reports gross performance for the year of a fantastic 36%, a whopping 13% higher than the Australian benchmark index of 23%
What a cracker result !! I was very impressed with their lead investment manager when I attended the Annual meeting in October 2019.
I expect current NTA to be announced tomorrow to be slightly north of 75 cents and see no valid reason why the shares should trade at any discount to NTA i.e. the investment team are well and truly earning their fair and reasonable fees.
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22-01-2020, 03:00 PM
#680
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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