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Thread: Marlin

  1. #1
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    Default Marlin

    Seems to be strong interest in this one. Monday on TV1 business Carmel Fisher said they were going to be unhedged in foreign currencies. I think there will be a good gain down the track from the fall of the Kiwi dollar once interest rates drop off in the coming property fall initiated recession. They will have a spread of Euro, Yen, USD, Pound etc denominated stock.

    Also, they have identified a large part of the target equities already.

    Lastly, the listing performance of Barramundi shows a following of investors who will probably put a premium on Marlin when it lists.

  2. #2
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    Default

    Marlin, What:Where;How:When??

  3. #3
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    Default

    Sorry, what do you mean Whatsup.

  4. #4
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    Default

    Have any kingfisher shareholders who pre registered recieved their packs yet? I have recieved nothing

  5. #5
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    I recieved nothing even though I asked for info through Fisher website. Rang ABN Amro and prospectus fastposted to me today. I will be in for a few even if just to hold the warrants. Will be interesting....
    Cheers,
    MPC
    Last edited by MPC; 10-10-2007 at 06:04 PM.

  6. #6
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    Yes I have recieved mine yesterday. Im with ASB Securities

  7. #7
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    Default I before E except after C

    Hey, guys receive is not recieve.

  8. #8
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    Default

    Direct Broking said they were expecting to get their packs on Monday, so hoping to see mine tomorrow. They said they also had it on their website (although I haven't looked).

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  10. #10
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    Default Anyone taking up their Allocation?

    I have a firm allocation but now not sure if I want them. Seems they will be paying top dollars for anything they buy at the moment. I don't see it being the success Barramundi was to begin with. Would be interested in other's thoughts.

  11. #11
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    I wonder too...

    How much good buying is there for large, quality companies..?

    On the plus side, there could be demand post IPO... and with the NZ$
    being so strong, there should be additional currency returns in the
    medium term?
    Stocks- ADY, AED, BMN, BURO, GBG, GGP, MON, NWE, RAUO, ROY, TNG, TZL

  12. #12
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    I'm a fan of Fisher Funds but the only reason I can see to pick up Marlin is because there might be a small stag at listing. Investing in Australia is one thing, taking on competing fund managers globally (which everyone is doing already) is quite another.

    Furthermore they are likely to have to buy in at fairly high prices and if this is the third stage of a bull market, then I'd rather watch from the sideline.

    From memory both Barramundi and certainly Kingfish traded under issue price for quite a while.

    The $NZ is still trending up and there is a view that it will reach US .85c for a while.

  13. #13
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    I don't remember when Kingfisher listed but Barramundi was successful. Between the heads and the warrants I did quite well. I just have the same feeling about this one as I had about PRC. Keep changing my mind.

  14. #14
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    This one is a good currency play and additionally it is investing in companies which are high growth and therefore somewhat separated from the normal beta rules of the market. Their technique is to buy stakes in few companies but get really close to the company. It is a successful formula over the medium term. There are also far more stocks to choose from outside of Australasia.

    The warrants should ensure a profitable initial listing.

  15. #15
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    Its not so easy to get really close to the company when it on another continent.
    In NZ Fisher is the biggest fish in the pond, overseas they will be a tiddler.

    Having said that it will provide some diversification. Trouble is they are entering the market at a very risky time , small companies will be the first to be hit by any downturn

  16. #16
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    Carmel Fisher talks about their modus operandi for Marlin in latest newsletter on their website.

  17. #17
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    Default Doesn't seem much interest

    Is anyone buying into it? Can't see it being over subscribed.

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    I had a look but decided not to proceed.

  19. #19
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    I'm a fan of Fishers but can't see that they have any particular expertise here, so I'm out.

  20. #20
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    Smile Missed this one too

    I expected to be in this one but in the end was not.
    The prospectus was a bit light on for me.
    Sub prime world markets roller coasters, the downward drift of NZX and FFM NZ were negatives compared with opportunities in ASX (eg FFM OZ) and direct investment.

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