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18-11-2020, 11:12 AM
#411
Originally Posted by Beagle
This is the first time in a long time I have not held the warrants and what a mistake that has proven to be. From 7 cents this has to be a one of the top performers of 2020. No one listened to you did they Mr Beagle.
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18-11-2020, 12:05 PM
#412
Originally Posted by Beagle
Huge jump in NTA of just on 9 cents per share announced today to just nudging on $1.79 which I think is a new all time high. https://www.nzx.com/announcements/361563
I expect the exercise price of the Kingfish warrants KFLWF on 12 March 2021 to be $1.51 and on an adjusted and fully diluted basis I assess fair value of the warrants today at 22.4 cps.
(Opportunity knocks ! Quite an opportunity there with the last trade at 15.7 cps and plenty of offer at 16.5 cps).
Disc: I hold quite a few and intent to exercise my warrants and convert to shares on 12/03/21.
Big stakes in MFT, IFT, FPH, ATM SUM and others I don't own so this fills a lot of portfolio gaps for me and provides excellent diversification and moderates my risk while still enjoying awesome returns.
A reminder that Kingfish pay 2% per quarter (8% per annum) in PIE dividends based on asset value and this represents a ~ 12% gross return for 33% taxpayers.
Originally Posted by mike2020
This is the first time in a long time I have not held the warrants and what a mistake that has proven to be. From 7 cents this has to be a one of the top performers of 2020. No one listened to you did they Mr Beagle.
No and its very rare I leave a feed on the table and highlight the fact, Above is from 15 October, up 68% in just over a month. I have heaps already
Last edited by Beagle; 18-11-2020 at 12:08 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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20-11-2020, 02:38 PM
#413
What is going on with KFL at the moment with the SP ($1.94) running about 11 cents ahead of the most recent NTA ($1.8257 on Wed)?
Given that it's often running at a 2% or 3% discount, what has got it to a 4% or 5% premium?
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20-11-2020, 02:49 PM
#414
Originally Posted by mikeybycrikey
What is going on with KFL at the moment with the SP ($1.94) running about 11 cents ahead of the most recent NTA ($1.8257 on Wed)?
Given that it's often running at a 2% or 3% discount, what has got it to a 4% or 5% premium?
Its called demand / supply mismatch ....better to stay away . Real NAV after dilution on 17th march is extra 6 cents less then being reported . So almost 9% premium ...funny stuff .
Holders happy to hold ...buyers desperate to buy
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20-11-2020, 04:57 PM
#415
People are prepared to pay for top performing funds. Is it really that surprising that people are chasing a reliable tax free PIE yield of 2% per quarter in this zero interest rate environment ?
Last edited by Beagle; 20-11-2020 at 05:02 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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26-11-2020, 02:07 PM
#416
Originally Posted by Beagle
Huge jump in NTA of just on 9 cents per share announced today to just nudging on $1.79 which I think is a new all time high. https://www.nzx.com/announcements/361563
I expect the exercise price of the Kingfish warrants KFLWF on 12 March 2021 to be $1.51 and on an adjusted and fully diluted basis I assess fair value of the warrants today at 22.4 cps.
(Opportunity knocks ! Quite an opportunity there with the last trade at 15.7 cps and plenty of offer at 16.5 cps).
Disc: I hold quite a few and intent to exercise my warrants and convert to shares on 12/03/21.
Big stakes in MFT, IFT, FPH, ATM SUM and others I don't own so this fills a lot of portfolio gaps for me and provides excellent diversification and moderates my risk while still enjoying awesome returns.
A reminder that Kingfish pay 2% per quarter (8% per annum) in PIE dividends based on asset value and this represents a ~ 12% gross return for 33% taxpayers.
From last month. KFLWF now bid 30 cents, nearly doubled in a month. I could very, very easily have bought all the warrants on offer at 16.5 cents but I chose to magnanimously highlight this extremely lucrative opportunity for others. Going off some recent comments in the ATM thread I'd be easily forgiven for thinking I have a large number of haters.
I like to think I make a positive difference for people and try too but I think I am often misunderstood. Above is one of countless times over more than a decade and 17,000 posts I have tried to highlight opportunities for others benefit and to point out risks. Sadly...I think its well and truly overdue that I reassess how much time I spend on this forum.
Last edited by Beagle; 26-11-2020 at 02:21 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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26-11-2020, 03:45 PM
#417
Junior Member
Hi Beagle,
I am extremely grateful for your advise and take all your suggestions very very seriously. I have missed this because of lack of understanding of the Warrants.
Please continue posting in the forum, you and other old members are invaluable to the group.
Thanks,
Keerti
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26-11-2020, 04:43 PM
#418
Junior Member
[QUOTE=keerti;859265]Hi Beagle,
I am extremely grateful for your advise and take all your suggestions very very seriously. I have missed this because of lack of understanding of the Warrants.
Please continue posting in the forum, you and other old members are invaluable to the group.
Yes, I agree wholeheartedly. Very grateful for Beagle's input
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26-11-2020, 05:52 PM
#419
Member
Originally Posted by keerti
Hi Beagle,
I am extremely grateful for your advise and take all your suggestions very very seriously. I have missed this because of lack of understanding of the Warrants .
Please continue posting in the forum, you and other old members are invaluable to the group.
Thanks,
Keerti
Same here, Look forward to your posts.
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26-11-2020, 08:15 PM
#420
Junior Member
Originally Posted by Beagle
From last month. KFLWF now bid 30 cents, nearly doubled in a month. I could very, very easily have bought all the warrants on offer at 16.5 cents but I chose to magnanimously highlight this extremely lucrative opportunity for others. Going off some recent comments in the ATM thread I'd be easily forgiven for thinking I have a large number of haters.
I like to think I make a positive difference for people and try too but I think I am often misunderstood. Above is one of countless times over more than a decade and 17,000 posts I have tried to highlight opportunities for others benefit and to point out risks. Sadly...I think its well and truly overdue that I reassess how much time I spend on this forum.
March will be expensive, but hopefully lucrative. I'm sitting on 100K KFLWF.
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