Barramundi ( BRM )

[ratkin]

As the shares are to be held for years it would be much cheaper to buy the stocks individually. Only cost being brokerage.
If you hold barra for five years then the fees would really add up

[COLIN]

quote:Originally posted by gisborne_gold

I still don't understand why BRM would be trading above asset value. Kingfish trades below, as do most other funds it seems. Supply and demand, yes I know, maybe they've tapped into an under-supplied demand amongst kiwi punters for easy access to Australian stocks. But the premium being paid seems extraordinary.

I share your puzzlement, as per my posting of 24/11/2006. I do have a certain amount of admiration for the ability of Carmel and her team, and may be tempted to buy back in again, once (if) the price slips below NAV, but certainly not before then. There are better ways of hedging into the Aust. dollar.

[gisborne_gold]

quote:Originally posted by COLIN
I do have a certain amount of admiration for the ability of Carmel and her team, and may be tempted to buy back in again, once (if) the price slips below NAV, but certainly not before then.

Agreed on both those points.

[winner69]

See Fisher has taken 5% of CCP and still the shareprice continues to climb .... and amother of my favs at the mo is TRS and Fisher have this in their Aust Equity Fund as well

are CCP and TRS being bought for the Barramundi Fund as well

[living2]

TRS on the NZX do you mean??

[COLIN]

quote:Originally posted by living2

TRS on the NZX do you mean??

I'm sure he/she means The Reject Shop on the ASX.

[Footsie]

anyone buying BRM is mad

FIsher doesnt deserve that kind of premium

why not buy AGF,....... its the first "fund" investing in China A shares.... and its premium is the same as fisher... 10 odd %

or why not save yourself all the fees and just buy the stocks BRM hold.... and time your entries to get an even better return

[777]

At current close the premium has gone.

[biker]

quote:Originally posted by 777

At current close the premium has gone.

Does that mean you're buying 777?

[777]

Not yet but price is now more realistic. A discount may develop if the trend continues although probably not as great as the KFL discount.