Barramundi ( BRM )

[Beagle]

So "just" a 68% relative underperformance to the NZX50 then. Hmmm...if that doesn't stop and give people pause for thought then I suspect nothing will.

[hardt]

So "just" a 68% relative underperformance to the NZX50 then. Hmmm...if that doesn't stop and give people pause for thought then I suspect nothing will.

When comparing the performance of an Australian growth fund, at least compare it to the ASX:XJO which is up around 35% in the last 5 years...

Our market was set to grow at a fast enough rate for people to see a managed fund as a way to capitalize on the rise, A lot of people don't actually understand that you can just buy an index fund...

[Big Blind]

I note that the share price is at a 5yr low of 59 cents. Oh dear

[winner69]

I note that the share price is at a 5yr low of 59 cents. Oh dear

...but punters have collected HUGE dividends along the way

[Balance]

Carmel Fisher and her yesmen on the Board are no doubt distressed at the low share price - while they tuck into the caviar and gently sip Cristal champagne on the balcony overlooking Takapuna Beach.

[hardt]

Carmel Fisher and her yesmen on the Board are no doubt distressed at the low share price - while they tuck into the caviar and gently sip Cristal champagne on the balcony overlooking Takapuna Beach.

She is actually a really down to earth and genuine person who does care about those who invested in her.

The NAV is solid, fund managers have no control over the discount the market applies...

Remember, some people still buy into an eternal dividend distribution, this one is likely to be 7-8% P/A net... nothing to shrug your shoulders at.

[Lewylewylewy]

How this scam works:

Set up investing company.
Buy stocks.
Sell shares in company at a price close to the value of the shares (small loss made).
Charge a management fee (profit made). Typically fees are very high on good times 9% and low in bad times 0.5%, so punters feel like that's a small price to pay for large success and fair if not going well.
Next, sell assets to give back a high dividend to ensure they can charge success fees and draw in unaware buyers who think the dividends are great and they're getting a bargain on the nav.

One might value these at the nav, minus some value to represent the effect of the management fee. Personally I would consider the management fee as causing each share to be less profitable and change the value based on lesser growth on each share (lower PE required). Result = overpriced!

Alternative one might measure the past success as being the price of the share plus the dividend, relative to the success of the shares the company owns, plus some value for the benefit of hands off management of the portfolio (if any based on the success rate).

Bad investment imo. Better off buying an index, which I also think is a bad investment. IMO, you have to have a concern / interest in your investments, otherwise you're a fool waiting to be parted with your money.

[bull....]

she done well got out on top of her game with many millions

[Joshuatree]

She is actually a really down to earth and genuine person who does care about those who invested in her.

The NAV is solid, fund managers have no control over the discount the market applies...

Remember, some people still buy into an eternal dividend distribution, this one is likely to be 7-8% P/A net... nothing to shrug your shoulders at.

Yes I've had great yield play here as long as you buy at/near the lows you are getting a great return for your buck. No need to worry about earlier ; the past is the past.

[Balance]

She is actually a really down to earth and genuine person who does care about those who invested in her.

The NAV is solid, fund managers have no control over the discount the market applies...

Remember, some people still buy into an eternal dividend distribution, this one is likely to be 7-8% P/A net... nothing to shrug your shoulders at.

Haha - tell it to those who paid $1.00 into BRM and are still out of pockets.

It is all about the fees, nothing more and nothing less.

Heck, people thought Madoff was a great guy and a great philanthropist!