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Thread: Marlin

  1. #41
    Legend Balance's Avatar
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    80 cents now.

    So what does Fisher Fund bring to international investing?

    Barramundi is now 93 cents. If Australia is hard for them, how can intternational work for them?

  2. #42
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    Remember to price in the generous management fees as a discount to NAV. Plus poor performance means the discount widens.

    Remember BIL? It traded forever at a 10% to 25% discount, save when the Singaporeans were dumb enough to pay a premium. And boyo, did they regret it or what.

    KFL is going backwards. BRM is struggling. Where is Fisher Fund competitive advantage in the international markets?

  3. #43
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    don't forget the options...

  4. #44
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    Advantageous prices? You mean like buying TUA at $2.40, then $3.20 and then, $4.00? Then selling out at $2.10?

    Or Rakon? Buying at ever higher prices and now, unable to buy or even sell?

    Or PPL?

    LOL ... you have a lot to learn about managed funds, it seems?

  5. #45
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    You are very biased , should of taken the name unbalanced !!

  6. #46
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    I went to a Fisher Funds roadshow recently and their track record is very good. BUT they have not had to perform in a bear market yet. It will be interesting to see how they go over the next 3 to 5 years.

    Discl. Have a few Marlin Fund.
    Hommel

  7. #47
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    Right on Hommel , any fool (except me ) can make money in a rising market ,we have just had the best 8 years of growth ever so its no wonder that the Fisher funds are cock a hoop but they havent been too smart in picking companies that have a fool proof business plan , mostly didnt allow for a weakening U S $

  8. #48
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    You cant really blame Fisher for failing to see the dollars sustained rise.
    There barely a company in the southern hemisphere that saw the US dollar becoming so weak for so long.
    Most the aussie listed funds are in exactly the same boat

  9. #49
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    Quote Originally Posted by ratkin View Post
    There barely a company in the southern hemisphere that saw the US dollar becoming so weak for so long.
    McDunk has been bearish on the $US for a long time. He says it's ruined. You can't spend money the way they are in Iraq and not have consequences.
    The continued strength of the New Zealand dollar is harder to explain. Good government by Helen perhaps...... (Exits stage left in hail of rotten fruit)

  10. #50
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    You think the USD is stuffed? Think about the NZD if thats the case about spending.

    US has deficits of around 6% of GDP, we have around 9%...think about it.

  11. #51
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    dead right upside....when the penny drops watch out below.....

  12. #52
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    Default Carmel's record

    I went to a Fisher Funds roadshow recently and their track record is very good. BUT they have not had to perform in a bear market yet. It will be interesting to see how they go over the next 3 to 5 years.

    Discl. Have a few Marlin Fund.
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    Hommel

    .............Not quite right Hommel...The NZ Growth Fund was started around 1998. Almost from the start Carmel's was one of the very few funds to make a profit and was frequently rated the top fund. She started that fund with 15 mill invested by her former employers a large funds management company. My main reservation is that the growth of her organisation may lessen her personal influence and flexibility in the actual hands on part of the business. I invested in 1998 and have since invested in each of her enterprises.

  13. #53
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    Well done Baxter - I wish I had have done the same! I reckon I would have been at least 100k better off than what I am now by my "back of the envelope" calcs.
    Hommel

  14. #54
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    LOL ... the numbers speak for themselves. MLN, BRM and KFL.

  15. #55
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    Market turned really sour on marlin today ..... 78 cents for a $1.00 invested not that long ago ..... even with the warrants not good

    Must have started investing some of that dosh for the NAV to go down .... didn't take too long did it

  16. #56
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    What is Fishers' competitive advantage investing beyond NZ? None, it seems.

    Barramundi shows that they cannot even make it in Australia. BRM is trading at 90 cents compared to the Australian market which has gone up over 20% over the same period. And investors are paying plenty of fees for Fishers to turn $1.00 into 90 cents in BRM.

    Marlin at 79 cents? The market is saying -'you ain't seen nothing yet. 50 cents is where it will go when they actually start investing.'

  17. #57
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    Have you really checked out Fishers' track record? A fund she ran in the 90s dropped over 50% in 1 year.

    Yes, 50% (repeat - it's not a misprint).

  18. #58
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    Quote Originally Posted by Balance View Post
    Have you really checked out Fishers' track record? A fund she ran in the 90s dropped over 50% in 1 year.

    Yes, 50% (repeat - it's not a misprint).
    Your going on like a broken record again Balance...

    If you held Marlin, you could be worried, but you don't do you?

    Why don't you wait & see how they perform, before knocking them?

    What the SP does meantime is largely irrelevant, only results count!

  19. #59
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    Quote Originally Posted by Balance View Post
    Marlin will underperform the markets just as Barramundi (already 17% behind the ASX in one year). Fisher Funds have no competitive advantage in international markets just as in ASX.
    That's the warning I gave prior to the IPO. Investors could have save themselves some $$$, eh Shasta.

    No need to wait and see how they perform - Marlin is a dog, not a fish.

  20. #60
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    Quote Originally Posted by macduffy View Post
    I'm a fan of Fishers but can't see that they have any particular expertise here, so I'm out.
    Particular expertise or not, I might be interested if the SP goes much lower than 77c.

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