KFL - discount to diluted NAV

[alokdhir]

" The issue of new Shares on exercise of the Warrants may result in a consequential reduction in the net asset value (NAV) per Share once the new Shares are issued. The extent of the dilution effect (if any) on the NAV per Share will depend upon the actual number of Warrants exercised and the final Exercise Price in comparison
to the NAV per Share immediately prior to the issue of the new Shares.
In order to illustrate the potential reduction in NAV per Share for those who do not exercise or sell their Warrants, the dilution effect associated with prior Barramundi warrants over the last twelve years has ranged from a 0% to 5.3% reduction in NAV per Share "

As current buyers of BRM dont have the luxury of free warrants coming with BRM thus they open themselves to above risk ...ie dilution of NAV ahead ....with exercise price most likely to be 63 Cents compared to current SP of 71Cents ...they will surely be exercised majorly . Maybe thats why its discount to NAV is MORE warranted then KFL ...where as its higher at present for KFL then BRM ...must be demand supply mismatch as KFL clearly offers more value at current SPs

[Toddy]

Yes, KFL offers a great discounted entry price for those wanting more exposure to the NZX.

BRM offers exposure to Australian stocks and the warrants have time on their side.

[Sideshow Bob]

https://www.nzx.com/announcements/430364

NAV still $1.3371

Trading today $1.23 - 1.24

[winner69]

Action around Vista should boost Kingfish NAV

Hope they didn’t sell into that 18% somebody took

What’s your read alokdhir

[alokdhir]

Action around Vista should boost Kingfish NAV

Hope they didn’t sell into that 18% somebody took

What’s your read alokdhir

As per last portfolio discloser they had 4.5 % position in VGL on 31st March ...currently NAV around 1.33 .

They dont sell so easily as they take position in companies they think will keep doing well ...at least they try .

PS : This week is important for KFL nav ...FPH / MFT results shud have major impact either way ...fingers crossed ...MFT can move a lot imo

[mike2020]

As per last portfolio discloser they had 4.5 % position in VGL on 31st March ...currently NAV around 1.33 .

They dont sell so easily as they take position in companies they think will keep doing well ...at least they try .

PS : This week is important for KFL nav ...FPH / MFT results shud have major impact either way ...fingers crossed ...MFT can move a lot imo

MFT under a little selling pressure pre results. Nervous market? I have been thinking about buying a few today.

[Sideshow Bob]

MFT under a little selling pressure pre results. Nervous market? I have been thinking about buying a few today.

Transport a bell weather for the economy. And not so good out there currently.

Our local MFT guys say it is very quiet. Abnormally so. These are guys that are always busy, with a bit of a seasonal lull.

Obviously just anecdotal/local example.

[mike2020]

Transport a bell weather for the economy. And not so good out there currently.

Our local MFT guys say it is very quiet. Abnormally so. These are guys that are always busy, with a bit of a seasonal lull.

Obviously just anecdotal/local example.

Thanks. I have kfl so maybe I will wait for the results

[alokdhir]

Transport a bell weather for the economy. And not so good out there currently.

Our local MFT guys say it is very quiet. Abnormally so. These are guys that are always busy, with a bit of a seasonal lull.

Obviously just anecdotal/local example.

Transport is surely a leading indicator of economy trend ...maybe MFT had that bump last HY ...MFT drives 80% of revenue from outside NZ ...so fingers crossed they may surprise us ...at least FB thinks so ...we will find out in few hours ...consensus estimates $ 2.79 eps ...anything less then $ 2.65 should have flagged a negative trading update NZX notification early April ...similarly anything over $ 2.95 ...but mainly the future outlook commentary will be most important for the SP

KFL has 17 % FPH and 14% MFT ...thus almost 1/3 KFL portfolio reporting tmrw !!!

[mike2020]

Yip, someone must have read your post and bought up cheap on MFT. I probably should have earlier in the day but was distracted elsewhere. Roll on tomorrow! KFL already up.