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
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
Now trading at a significant premium to NTA, closed at 75 cents and NTA ex divvy is just under 70 cents. https://www.barramundi.co.nz/ 7.6% premium to NTA. Hmmm
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
Now trading at a significant premium to NTA, closed at 75 cents and NTA ex divvy is just under 70 cents. https://www.barramundi.co.nz/ 7.6% premium to NTA. Hmmm
With the warrant exercise price at 70 cents and the current NTA of 69.7 cents, I see fair value for the warrants of not more than 4 cents and seeing as its a 1:4 warrant issue that explains about a 1 cent premium to NTA, not the 5.3 cents. I think the market is currently not pricing BRM correctly.
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
I cant find quoting for the warrants yet? Are they allocated today and listed tomoorow or similar?
That's my understanding of the situation.
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
With the warrant exercise price at 70 cents and the current NTA of 69.7 cents, I see fair value for the warrants of not more than 4 cents and seeing as its a 1:4 warrant issue that explains about a 1 cent premium to NTA, not the 5.3 cents. I think the market is currently not pricing BRM correctly.
You have to deduct any dividends so the exercise price will be about 65c so you may have to revise your estimates.
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