Barramundi ( BRM )

[arc]

average price 65c
(WP) warrant price 68c
(WT) warrant trading price 3.5c
current divs %8.55


price * divs : 65 * .0855 = 5.55c
(WP) warrant minus divs: 68 - 5.55 = 62.45
(WP)-divs + 3.5c/(WT) : 62.45 + 3.5= 65.95

To my untrained eye either the price needs to jump considerably , permanently, to make it worth it, or the warrant trading price needs to fall to .001 or the offer is not what it seems.??

[Not too Flash]

Warrant exercise price 62 cents - current market price 64 cents . NTA 69 cents.

Is there life in this old dog (fish?) yet

[Big Blind]

63 cents now. Not much of a deal, but love that yield

[Not too Flash]

NTA still 69 cents

Exercising warrants @ 62 cents still worth a go I reckon - any thoughts ?

[BIRMANBOY]

Not really..glad I cashed these out earlier. As an aside anytime you can buy these at 61 or below historically is good buying..doesn't hit this level very often and usually not for long.

NTA still 69 cents

Exercising warrants @ 62 cents still worth a go I reckon - any thoughts ?

[Beagle]

NTA still 69 cents

Exercising warrants @ 62 cents still worth a go I reckon - any thoughts ?

Reasonable discount to asset backing but once some of the warrants are exercised this will diminish. Please forgive me being a bit flippant but I think your user name sums up Barramundi very well.

[Not too Flash]

Reasonable discount to asset backing but once some of the warrants are exercised this will diminish. Please forgive me being a bit flippant but I think your user name sums up Barramundi very well.

Roger

As a newbie to contributing I have really enjoyed you comments over the years and take it as a compliment that you have made a comment about me !!

Have joined the Scales and ATM sailings and even a little on the NZ airline .....

Thanks

[BIRMANBOY]

If you read back over the thread you will see where Rogers comments are coming from (think disgruntled shareholder)...he hasn't moved on. Oh well. Buy at the right time and manage this share and it can do good things. I am a holder for five years and very happy with returns and position. See its all about the details..one buys at the 'right time" and one doesn't...is it skill? No.....is it luck? probably....completely different views. So each and every share purchase or sale creates a lasting impression. Problem of course is that this is relevant only for a particular set of circumstances and at another time and in different circumstances could be totally different result. People making pronouncements about the relative "worth" of an investment always have accompanying baggage. (which is usually never detailed). Good to remind oneself about that occasionally.

Roger

As a newbie to contributing I have really enjoyed you comments over the years and take it as a compliment that you have made a comment about me !!

Have joined the Scales and ATM sailings and even a little on the NZ airline .....

Thanks

[777]

I have had $19500 of dividends off BRM over the last 4 and a half years along with a $2500 capital loss. Hope for a recovery in the Aussie market but it has been a long time coming.

[winner69]

For these types of funds part (most of) the discount to NTA is the present value of future management fees.