KFL - Kingfish. What are your feelings for this?

[Joshuatree]

Has Kingfish been as bad as barra and marlin?

[p2r]

Yes I would say so. Rakon & Pumpkin patch would have not done them well. No capital growth for a couple of years but might be looking up just currently

[p2r]

I mean not been as bad, better.

[Pete]

They have done quite well recently. The top 3 holding RYM, MFT and FRE are all close to multi year highs, as well as a few others doing well (POT, TME and SUM).
The NAV has steadily increased even after paying out a dividend of 2% per quarter, and the shares are still a 10% discount to NAV...

[troyvdh]

Good point pete...that 8% something div....is that fully imputed.....I have to say after 30 plus years in res rentals...im tired....cheers

[Joshuatree]

Thanks guys ,an entry doesnt look bad at this point in time and yes , with an almost guaranteed div one could entertain the thought of playing the fish for a while ,maybe with a barbless hook for a quick getaway when/if necessary. Then trying to read the Macro, how the hell is the rest of the year going to play out.

[troyvdh]

...oh man Josh... you are impressive....well done...,.,.cheers......thankyou ...troy

[Joshuatree]

sweet dreams zzzzz

[blah]

interesting to see KFL in the past couple of weeks rising crazy fast. At the moment is $1.31: higher than the NAV as of last week at 1.3015.

Seems a bit fishy (mind the pun) to me since KFL and other ETF's usually trade at a discount to their NAV. Does anyone have an idea of what is happening?

[Billy Boy]

MLN up, KFL up, BRM sideways. all run by Baalance's top girl friend.
.
Maybe we are not going to see the "BIG MAY DIP" and the market(s)
are reflecting this. My son is telling me to keep cash in hand as the
markets have to correct. !! WELL ???
bb