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  1. #781
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    Originally Posted by kiora
    I have been thinking along the same lines as alokdhir for a while now regarding how it will end for all their funds.
    I invested in their KS & listed funds in the early days but switched a few years ago.

    For a portfolio for someone approaching retirement with little savings(not me) I split a third of the funds into 5 listed shares in 2007 at $10,000/share

    2007 $10,000 MLN value now $9520.It has received quarterly dividends of around
    8.5 c/year https://marlin.co.nz/assets/Uploads/...nd-History.pdf
    Adds about $10,400 ?
    Total value $19920 slightly more if dividends were reinvested
    According to the investor center value would be around $33000 now
    https://marlin.co.nz/investor-centre...o-performance/
    2007 $10,000 IFT value now with DRP $46,367 plus a few other dividends
    As it turns out 2007 was a good time to invest in IFT
    https://infratil.com/for-investors/
    2007 $10,000 FPH value now with DRP $136,360

    It would be interesting to have done the same with MFT & EBO in hindsight


    Just another real life example of experience with these funds .

    DYOR please

  2. #782
    ShareTrader Legend Beagle's Avatar
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    Jul 2010
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    Default WOW - Outperformance worth paying for !!

    For the calendar year, Barramundi returned +26.3% (gross), well in
    excess of the benchmark index’s +2.7%.

    Quarterly update is out. http://nzx-prod-s7fsd7f98s.s3-websit...419/339011.pdf

    I believe that Barrmundi warrants offer a really good opportunity for share price appreciation between now and their exercise date of 31 October. 20 cents.
    Disc: I have a substantial holding in Barrmundi warrants.
    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

  3. #783
    Guru justakiwi's Avatar
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    Great result. What do you anticipate the exercise price being?

  4. #784
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    Quote Originally Posted by justakiwi View Post
    Great result. What do you anticipate the exercise price being?
    64c..........

  5. #785
    Guru Rawz's Avatar
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    Quote Originally Posted by Beagle View Post
    For the calendar year, Barramundi returned +26.3% (gross), well in
    excess of the benchmark index’s +2.7%.

    Quarterly update is out. http://nzx-prod-s7fsd7f98s.s3-websit...419/339011.pdf

    I believe that Barrmundi warrants offer a really good opportunity for share price appreciation between now and their exercise date of 31 October. 20 cents.
    Disc: I have a substantial holding in Barrmundi warrants.
    27% premium!! That is outrageous, no? It will take ~1.5 years of the 3yr or 5yr annualized return to eat into the premium.

    Does it historically run at such a premium? If no, I would only be buying warrants that I intended to exercise. Rather than a heap with an eye on a capital gain.

  6. #786
    ShareTrader Legend Beagle's Avatar
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    Is it outrageous when they are absolutely thrashing the market ? I met Robbie Urquart (Chief investment officer) at the last annual meeting and I think he's a very smart guy.
    I wouldn't buy the shares at the current price but the warrants offer outstanding leverage to a recovering economy in Australia and I note the Australian market is on a forward PE of only about half the N.Z. market (source Harbour Asset management research) and their market was up less than 3% last year.

    I think the Australian market could really boom this year. 30%+ wouldn't surprise me.
    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

  7. #787
    Senior Member
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    Wellington, , New Zealand.
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    Quote Originally Posted by Beagle View Post
    Is it outrageous when they are absolutely thrashing the market ? I met Robbie Urquart (Chief investment officer) at the last annual meeting and I think he's a very smart guy.
    I wouldn't buy the shares at the current price but the warrants offer outstanding leverage to a recovering economy in Australia and I note the Australian market is on a forward PE of only about half the N.Z. market (source Harbour Asset management research) and their market was up less than 3% last year.

    I think the Australian market could really boom this year. 30%+ wouldn't surprise me.
    All ordinaries still below 2007 highs.

  8. #788
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    Apr 2017
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    I've got a lot of BRM and quite a few warrants. I find it hard to closely monitor more than about 10 shares so this is great to get some limited Australian exposure. I agree with Beagle I think these will run hard this year - and of course 2% a quarter into DRP is always nice. It was good timing entering the banks when they did. I was buying lots of WBC but Ishould have bought more ANZ looking at how they have diverged

  9. #789
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    Pretty happy with BRM over $1. NTA moving nicely up the last few weeks means better dividend and therefore a better warrant strike price as well

  10. #790
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    Quote Originally Posted by dabsman View Post
    Pretty happy with BRM over $1. NTA moving nicely up the last few weeks means better dividend and therefore a better warrant strike price as well
    The dividend depends on the NTA rather than the market price.

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