Barramundi ( BRM )

**winner69** · 09-03-2008, 01:04 PM

Originally Posted by Balance

Credit Corp, ABC Learning, Treasury Group etc. - investment expertise at work?

Bluefreeway was also a good un

**patsy** · 09-03-2008, 01:15 PM

Fisher Funds are a typical example of what many books have found through research:

1) no fund manager can consistently beat the market

2) top fund managers one year fall to the bottom of the performance ranking the following year

3) due to (2) above, investors chasing top fund managers get burnt

**Balance** · 09-03-2008, 03:05 PM

Originally Posted by winner69

Bluefreeway was also a good un

What a shocker! BRM prides itself as a 'stock picker' rather than 'market watcher' in its literature. Takes a special kind of stock picker to pick so many stocks which have fallen so spectacularly:

Credit Corp - from $12.56 to 71 cents (-94%)
Blufreeway - from $2.40 to 35 cents (-85%)
Treasury Group - from $16.50 to $10.50 (-37%)
Oakton - from $6.79 to $3.04 (-55%)
Pharmaxis - from $4.45 to $2.42 (-46%)

Maybe BRM should be watching the market instead?

**winner69** · 09-03-2008, 03:39 PM

Originally Posted by Balance

What a shocker! BRM prides itself as a 'stock picker' rather than 'market watcher' in its literature. Takes a special kind of stock picker to pick so many stocks which have fallen so spectacularly:

Credit Corp - from $12.56 to 71 cents (-94%)
Blufreeway - from $2.40 to 35 cents (-85%)
Treasury Group - from $16.50 to $10.50 (-37%)
Oakton - from $6.79 to $3.04 (-55%)
Pharmaxis - from $4.45 to $2.42 (-46%)

Maybe BRM should be watching the market instead?

Balance me old mate -- what about WHK Group (WHG) and Vision Holdings --- also heading to record lows

**BRICKS** · 09-03-2008, 04:27 PM

Originally Posted by winner69

Balance me old mate -- what about WHK Group (WHG) and Vision Holdings --- also heading to record lows

AS you stated 69 your not buying Ozzy Banks can not see you buying this FISH..

**Balance** · 30-03-2008, 09:49 AM

Originally Posted by ratkin

Have just spoken to somebody at ASB apparantly there was very heavy activity in this float, it closes today and they have been inundated with applications, some are going to miss out apparantly, they sorting through them on a first in basis

First in basis? That tasty Barramundi is looking like ten day old dead fish left on the beach by a well fed kingfisher?

BRM now 52 cents - a loss of 40% plus! And with stocks in the BRM portfolio like CCP, ABC Learning, Oakton and Treasury group, investors in at $1.00 will require 100% return to get their $1.00 back.

Based upon average long term equity returns, it will take about 8 years to get back to $1.00.

**tim23** · 30-03-2008, 11:26 AM

Unless you think that the price pull back is overdone and they move closer to NTA again?

**Dr_Who** · 30-03-2008, 05:50 PM

Anyone can make money during the boom period. Even the mums and dads got rich during the property boom.

The real test of a great investor is during the downturn period. Fisher Funds has shown they are just like all the other funds managers.

**Balance** · 19-04-2008, 10:22 AM

Originally Posted by Dr_Who

Anyone can make money during the boom period. Even the mums and dads got rich during the property boom.

The real test of a great investor is during the downturn period. Fisher Funds has shown they are just like all the other funds managers.

Worse I think.

Down 30% for those for bought BRM on the back of 'outstanding' returns in Fisher NZ fund. 'Outstanding' returns brought about by buying more and more of the same illiquid stocks driving the prices higher.

Until the shxt hit the fan.