Barramundi ( BRM )

[gamerice]

quote:Originally posted by gamerice

I got some allocation, looking forward to the listing tommorow!

For thos who have put forward a subscription for this share, go to:
https://www-au.computershare.com/inv...la=1&theme=cpu

to check your holdings.
I have been allocated the full subscription amount, and my application was posted on the 4th of October.

[djones]

Is anyone on here going to put up a sell at 11am to take the quick profit?

[whatsup]

.99!!

[djones]

Can someone please explain to me why someone would sell 50,000 shares for less than what they paid for them?

99 50,000

[rmbbrave]

quote:Originally posted by rmbbrave

I'm not buying into this one.

I reckon it will go nowhere in the first week - maybe even down a smidgeon.

Trading at 99 cents, down 1 on opening day.

[rmbbrave]

quote:Originally posted by djones

Can someone please explain to me why someone would sell 50,000 shares for less than what they paid for them?

99 50,000

Because "someone" bought hoping for a quick profit but when that didn't happen (as I said it wouldn't) they dedided to take a small loss $500 before the SP hits 95 cents.

[rmbbrave]

What does BRM have in the way of assets?

They have $100 million in the bank earning about 7.5%

And they have an idea - invest in aussie small caps - not very original and therefore not worth much.

That's why the company is worth a little less than 100 million.

Not until BRM start buying shares and punters start saying "that was a good share to buy - why didn't I think of that" will the value of BRM go over 100 milion again.

[whatsup]

djones dont forget that that "seller" still has the options and so are still ahead financially,then again the seller may have just wanted the options that the gearing gives ,horses for cources.

[777]

djones.. the seller has effectively got all the options that were issued for $500. That may have been the intention in the first place. Mind you he/she may have also sold the same options today at current price of 16-17c. If so, then an acceptable return.

PS It wasn't me.

Whatsup has beaten me to it.

[ratkin]

Well the warrants are trading at around 18c so the real value price for those in the float is 1.09 a share.

So anyone selling their warrants and their shares at .99 makes 8c a share profit.

Hardly worth it i agree, the price now is of little importance really, it the price in a few years time that matters.

When and what will be their first investment , any educated guesses?