Barramundi ( BRM )

[Ptolemy]

I ordered a prospectus and have read it to assess whether it would be worthwhile. I think it all depends on individuals portfolio composition and willingness to do there own research as to whether this is a good fund to invest in or not. I came to the conclusion that for me that I would be better off with an international share fund (eg Hunter Hall). The Australian market is very accessible for most NZ investors and I have quite a bit of exposure to it through direct share investment whereas international markets I have less exposure. I thought the fees seemed a little on the high side compared with other similar funds.

[ratkin]

Have requested 5000 for the boy, chances are they will be cheaper
at some point , however he is only seven years old so im not about to quibble over a few cents now. Its what they are worth in ten years time that counts

[COLIN]

Am still mulling over this one. I accept that the head shares will probably be obtainable down the track at below issue price, but don't overlook the fact that the "free" 1:2 options will immediately attract a price.

[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

[shasta]

Colin

Very worthwhile getting in & grabbing the heads & warrants upfront, this will run just like KFL & i will personally buy in as funds allow.

KFL are buying back there warrants at present & any excessive discount to NAV for Barramundi will trigger the same IMO.

I like 4 Aussie stocks in particular at the moment & i'm interested to see who they buy into before buying in.

[Bling_Bling]

Why dont you just buy the aussie stocks yourself? Dont need a fund to buy on your behalf and charge you fees.

[COLIN]

quote:Originally posted by Bling_Bling

Why dont you just buy the aussie stocks yourself? Dont need a fund to buy on your behalf and charge you fees.

Bling, I've attempted to follow such a strategy with KFL/ Fisher Funds, to a limited extent, but the problem is that by the time you learn what coy they have added, the price has already escalated (being small-cap stocks), and vice versa when they dump shares. I don't see them signalling in advance what their particular target coys are going to be.
Carmel gets relatively large chunks of the Cullen Fund to invest in NZ small-caps, which can push the price around. I wonder whether she will get an allocation for Aust too.

[craic]

All my friends whgo know s hit all about investment have been convinced that this stock is a good investment. Thje publicity has been out of this world. I would love to be able to see twelve months down the road, but I, like others, see no point in paying someone to do what I can do myself.

[Tim]

This must not be the only fund in this area. I am sure there are many in aussi that specialise in this area and have all the local knowledge.

[skinny]

I decided against investing in this one for the simple reason that the investment approach relies heavily good old fashioned scuttlebutt - something that will be difficult to do (or at least relatively expensive) for Carmel and her team being based in Auckland.