quote:Originally posted by duncan macgregor

quote:Originally posted by rmbbrave

I bought it this week and am up 7% what's wrong with that!
RMBBRAVE, Nothing wrong with that if you can pick when it will happen. The trouble with that is you cant. Managed funds are for people that think it is also complicated that its beyond them.
I to had a win last week with PPP without having to pay someone to do it for me. RMBBRAVE i thought that you were above the managed funds level TUT TUT. macdunk
I buy and sell for many different reasons. I bought KFL for the following reasons:

1 The SP has been going up.

2 The unaudited net asset value per ordinary share excluding performance fees as at 5 July 2006 was $1.8261 (fully diluted $1.4245). ie at 1.25 the shares were cheap.

3 This article appeared in the herald on the 5th of July http://www.nzherald.co.nz/search/sto...EC83027AF1010E
As "news drives the SP" I figured it would send the SP up a bit.

4 They hold some great companies
The five largest portfolio holdings at 5 July 2006 are approximately as follows:

Ryman Healthcare - 17.7%
Mainfreight - 14.8%
Pumpkin Patch - 10.0%
Metlifecare -10.4%
Freightways - 9.8%

5 Sharemarkets around the world are going up.