Barramundi ( BRM )

[Rawz]

BRM has a 15% discount to the net asset value and is paying a 9.22% dividend yield in an interest rate declining market.

This is too good to be true.

Excellent track record of 12% NAV growth (annualized) of the last 5 years.

[Sideshow Bob]

Latest NAV yesterday 78.75c.

Closed at 67c.

NAV 17.5% over the closing price......

KFL not too far away with 13.3% discount.

Must go ex-div in about 2 weeks??

[Rawz]

Latest NAV yesterday 78.75c.

Closed at 67c.

NAV 17.5% over the closing price......

KFL not too far away with 13.3% discount.

Must go ex-div in about 2 weeks??

makes no sense in an interest rate declining market. And its not like (i assume) the underlying portfolio will be overvalued due to the state of the market.

So we should see over the coming 12-24months the underlying portfolio show good growth and a re-rate (NAV gap shrink to 7%-10% discount)