Barramundi ( BRM )

[Toulouse - Luzern]

I notice BRM had the biggest rise in the NZX last week, plus 5 cents, plus 8.62%.
Any ideas?

[777]

Just recovering from a drop the week before.

Good dividend yield though if they can maintain the payout.

[Omega]

Good dividend yield though if they can maintain the payout.

BRM (and stablemate KFL) pay 8.0% of NAV but its not a true dividend; the major portion of the dividend is capital return which requires the market value of their investments to increase by the same level just to break even. Historically, the shares trade at 15% discount to NAV which provides a useful benchmark when considering buying or selling their shares.

Disc: Hold both BRM and KFL

[Balance]

Yet another Carmel Fisher special.

To think that the stock was actually trading at a premium to NTA at one time - such was the PR and media hype.

One guesses that she is really crying into her champagne and choking on the caviar on this one - with laughter!

[BIRMANBOY]

You obviously dont have Carmel on your Xmas card list...how much of your disatisfaction with the Fisher funds could realistically be blamed on her as opposed to a generally dropping market. Seems a bit unfair to single out one individual for a poster named "Balance" but maybe you have valid reasons. To suggest she is taking pleasure in your apparent illfortune is ridiculous. I have BRM and am quite satisfied...returns a nice steady healthy dividend. All companies and funds use marketing, "media hype" and PR as a given.

Yet another Carmel Fisher special.

To think that the stock was actually trading at a premium to NTA at one time - such was the PR and media hype.

One guesses that she is really crying into her champagne and choking on the caviar on this one - with laughter!

[CJ]

Birmanboy - I have just compared BRM to OZY on Google Finance. On all time periods YTD, 1y, 5y and 10y, OZY was a better investment. I dont think that factors in dividends but unless BRM pays huge divs, I still think the index fund will come out on top.

Not sure about liquidity of either.

Do you think BRM is a better investment?

[Balance]

You obviously dont have Carmel on your Xmas card list...how much of your disatisfaction with the Fisher funds could realistically be blamed on her as opposed to a generally dropping market. Seems a bit unfair to single out one individual for a poster named "Balance" but maybe you have valid reasons. To suggest she is taking pleasure in your apparent illfortune is ridiculous. I have BRM and am quite satisfied...returns a nice steady healthy dividend. All companies and funds use marketing, "media hype" and PR as a given.

I am making an observation for posterity and for the record.

"Buy high, sell low" Fisher had a great run with the buy stocks and ramp them higher strategy with KFL for a while, using the "great" returns to launch Barramundi and Marlin.

Talk to Craigs & Co about how they feel now about building KFL, BRM and MLN into their clients' portfolios. Or was it all about the easy sell and easy fees?

[BIRMANBOY]

Not entirely sure what OZY is...if its something to do with AUSTralian group of shares then I stay away from shares based in AUSTRALIA. These plenty of NZ shares that are worth following. I have BRM because it seems to return a steady dividend stream. I know they are based on AUST shares buts its easier for me to let a specialist find the worthwhile listings. I dont have time (or inclination) to do research on backgrounds etc. etc. I have a diversified portfolio so try and spread the love around if you know what I mean. Some are better than others and if I spent a lot of time I might fine tune these things to take advantage of small differences. OZY could well be a better investment. I am getting about a 9.6% return on my investment with BRM so to be honest I havent looked elsewhere.

Birmanboy - I have just compared BRM to OZY on Google Finance. On all time periods YTD, 1y, 5y and 10y, OZY was a better investment. I dont think that factors in dividends but unless BRM pays huge divs, I still think the index fund will come out on top.

Not sure about liquidity of either.

Do you think BRM is a better investment?

[CJ]

Not entirely sure what OZY is...

It is an index fund of Australian shares - top 20 - http://www.smartshares.nzx.com/products/ozzy/. It is also a pie and pays regular dividends. Why let someone do the picking for you when you can just pick the market. The answer is yu let someone pick when they are better than the market. I dont think this is the case for BRM, at least on a historical basis, based on my comparison with Google finance. having said that, past performance is not an indication of future performance.

[BIRMANBOY]

Ok, thanks. Index funds based on top 20, middle 30 or whatever dont really strike me as being the way i like to do things. Its the "averaging" aspect that I dislike. Any high performers will be countered by the dudds so it would seem that you are left with an "average" performance. My goal is to look for above average returns that dont wander into the speculative category. BRM does the research, puts their collective necks and our funds on the line and cherry picks. As I mentioned BRM is returning 9.6% for me due to some canny(lucky) buying by me at low prices so when I do the math its a hard one to beat for my dividend oriented portfolio. Also of course the dividends are fully imputed. I have been looking to buy more but it hasnt approached my average cost for months. Seems to hit resistance at 61. Every now and then after a dividend it can make a dip. There is a large queue of buyers waiting as well. Something like 300,000 shares wanted made up of 20-30 buyers. BRM regularly buys as well which seems to keep the price up. Would be interesting? to see what happened to the share price if they stopped buying however. Re your Google research..has to be taken with a grain of salt because they dont factor in individuals cost prices. Someone who holds at .75 will be less content than someone who holds at .61 for example

It is an index fund of Australian shares - top 20 - http://www.smartshares.nzx.com/products/ozzy/. It is also a pie and pays regular dividends. Why let someone do the picking for you when you can just pick the market. The answer is yu let someone pick when they are better than the market. I dont think this is the case for BRM, at least on a historical basis, based on my comparison with Google finance. having said that, past performance is not an indication of future performance.