Barramundi ( BRM )

[percy]

Good to see BRM trading at 65-66c, even after going ex-div.
Keen to accumulate in the low 60s if it gets there.

Manuel Greenland has been portfolio manager since April. From their latest quarterly newsletter, they have sold off MMS and MCP. And from the looks of their June monthly newsletter, they have bought into CCP - Cocacola Amatil.

CCP is not Cocacola Amatil whose code is CCL.
CCP is an old Fisher Fund favourite Credit Corp.

[JayRiggs]

CCP is not Cocacola Amatil whose code is CCL.
CCP is an old Fisher Fund favourite Credit Corp.

Thanks for pointing that out. Getting my CCs mixed up!

[winner69]

Thanks for pointing that out. Getting my CCs mixed up!

They have both in their portfolio though

And Percy they are really keen on CCP .... they rather imaginatively said Credit Corp should be well positioned

[lambton]

I see the NAV is down this week to 68.91 leaving current price at only 4% discount to NAV

4% discount, must be balanced towards a sell IMO

[percy]

They have both in their portfolio though

And Percy they are really keen on CCP .... they rather imaginatively said Credit Corp should be well positioned

Did they say the same in 2007,buying at the top [$12] and then holding to the bottom [50 cents]? Or did they reposition their portfolio and sell them at the bottom?

[Joshuatree]

4% discount, must be balanced towards a sell IMO

With our int rates going up exchange rate reversion may have an effect on s/p /discount too.

[winner69]

4% discount, must be balanced towards a sell IMO

Closest it been to NAV for some time

The insto guideline is a Z=score and this signals a sell as well

[winner69]

BRM ex my first div, feeling like a virgin;franked for the very first time.

Well done JT .... you must be feeling ecstatic and on the hunt for more

Remember what Carmel says -- YOU MUST REINVEST THESE DIVIDENDS.

If you don't your TSR wont be the same as how she calculates it for you

Promise you will reinvest

[winner69]

Did they say the same in 2007,buying at the top [$12] and then holding to the bottom [50 cents]? Or did they reposition their portfolio and sell them at the bottom?

But they do occasionally get mean and publicly say management of one of their investee companies are crap

Quote from Monthly Report = Barramundi’s relative under performance in May is largely due to Universal Biosensors’ share price collapsing after management announced the terms of an agreement to sell their core OneTouch Verio business at an exceptionally disadvantageous price. We deem this a permanent impairment of capital and now question both the competence and integrity of Universal Biosensors’ management. We have significantly reduced our position in the stock.

Bugger. Must be hard to take because they make a big thing out of having indepth discussions with management and often remind us that they only invest in companies they have confidence in the management team. That's why you pays the management fee

UBI was over 50 cents a few months ago, now under 20 cents

[lambton]

Closest it been to NAV for some time

The insto guideline is a Z=score and this signals a sell as well

Interesting and thanks.