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Junior Member
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
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Member
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.
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Member
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.
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Member
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.
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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
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Carmel Fisher talks about their modus operandi for Marlin in latest newsletter on their website.
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Member
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.
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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.
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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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