Fisher Funds stocks

Basil · Jul 10, 2023, 08:25 PM

Snapper me ol mate I wouldn't do that.
Warrants on Kingfish are like fishing for Kingfish.
You charter a boat, get your bait and gear and that costs you 7 or 8 cents x the number of warrants you buy.
Who knows, you might land a whole boatload of 30 kg kingfish or you might come home empty handed and lose your charter boat fee and bait costs but probably have a good time anyway. If you pay 7 cents per warrant, obviously that's the most you can lose per warrant. Nobody holds a gun to your head forcing you to exercise them at $1.25 in late July 2024, its entirely optional.

Like I said earlier today, I flushed $9K down the toilet on Barrmundi warrants in May so I have experience in catching nothing...other times with other warrant issues I've landed a lot of fish. Like fishing, you never really know the final outcome until you've finished the trip.
There's more fun to be had fishing than sitting on the dock

snapiti · Jul 11, 2023, 05:04 PM

Quote from: Basil on Jul 10, 2023, 08:25 PMSnapper me ol mate I wouldn't do that.
Warrants on Kingfish are like fishing for Kingfish.
You charter a boat, get your bait and gear and that costs you 7 or 8 cents x the number of warrants you buy.
Who knows, you might land a whole boatload of 30 kg kingfish or you might come home empty handed and lose your charter boat fee and bait costs but probably have a good time anyway. If you pay 7 cents per warrant, obviously that's the most you can lose per warrant. Nobody holds a gun to your head forcing you to exercise them at $1.25 in late July 2024, its entirely optional.

Like I said earlier today, I flushed $9K down the toilet on Barrmundi warrants in May so I have experience in catching nothing...other times with other warrant issues I've landed a lot of fish. Like fishing, you never really know the final outcome until you've finished the trip.
There's more fun to be had fishing than sitting on the dock

you assume one needs to be out in a boat to catch plenty of fish?.....crickey I better be careful I will start to sound as facetious as winner69

Basil · Jul 11, 2023, 06:19 PM

Never been fishing for Kingfish off the rocks in some remote place. Must add that to the bucket list. Maybe go ashore in some remote rocky part of Gt Barrier like "The Needles" at the northern most point this summer, burly up and see what happens. Need a really good boat to get there though, fortunately I have one in mind

snapiti · Jul 11, 2023, 07:09 PM

https://www.youtube.com/watch?v=JdAVWbKAAkI&ab_channel=Steffie

catching kingfish from the dock.....no boat needed

Basil · Jul 12, 2023, 09:14 AM

That first one was very impressive. About the same size I caught at Gt Barrier a while ago and we got 5 meals for the whole family from the one fish !...but you can't catch them without bait.

The warrants are the cheap bait to catch Kingfish shares.
Think about it, last reported NTA was $1.41 and the warrants give you the right but not the obligation to buy more Kingfish shares at $1.25 in late July 2024.

National well ahead of Labour in the most recent poll. What if they and Act get in and Kingfish shares are $1.60 next July? Those warrants could be 35 cents then.

Onemootpoint · Jul 17, 2023, 07:43 PM

They may have wished to have delayed their VSL buy in for a couple of weeks..... not that one can time the market. Long run probably no biggie.

winner (n) · Jul 18, 2023, 08:03 AM

Quote from: Onemootpoint on Jul 17, 2023, 07:43 PMThey may have wished to have delayed their VSL buy in for a couple of weeks..... not that one can time the market. Long run probably no biggie.

There was an old saying once 'Fishers buying is a sell signal and vice versa'

Haven't heard it lately but maybe they reverting to the good old days

snapiti · Jul 20, 2023, 06:26 PM

nice discount to NAV on offer...... BRM

snapiti · Jul 22, 2023, 02:10 PM

I was having a sniff around ASX listed fund stocks.....they all seem to trade well below NAV

Onemootpoint · Jul 26, 2023, 01:29 AM

Kingfish quarterly newsletter out:

https://kingfish.co.nz/assets/Investor-Centre/Kingfish-Newsletter-June-2023.pdf

Interesting the influence of the RV stocks, and also the small holding in Vulcan (at the time of writing the report) impacting the bottom line.

Left Field · Aug 04, 2023, 11:20 AM

For the record....ASM presentation. Trying to be cheerful

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/KFL/415824/399703.pdf

Interesting chart...

( Don't hold KFL but 53% of my portfolio depicted on the positive side of this chart. Naaice.)

Onemootpoint · Sep 14, 2023, 10:23 AM

14 September 2023

DIVIDEND REINVESTMENT PLAN PRICE DETERMINED

Kingfish Limited (Kingfish) advises that the share price used to calculate
entitlements under the Dividend Reinvestment Plan (the DRP) has been set at
$1.2191.

This is the volume weighted average price of all Kingfish shares traded on
the NZX Main Board during the five trading days from and including the
ex-dividend date (being 6 September 2023), less a 3.0% discount.

The new shares will be issued on the dividend payment date (being 22
September 2023) to those shareholders who have elected to participate in the
DRP.

Onemootpoint · Sep 14, 2023, 10:26 AM

And,
BRM: DIVIDEND REINVESTMENT PLAN PRICE DETERMINED

14 September 2023

DIVIDEND REINVESTMENT PLAN PRICE DETERMINED

Barramundi Limited (Barramundi) advises that the share price used to
calculate entitlements under the Dividend Reinvestment Plan (the DRP) has
been set at $0.7057.

This is the volume weighted average price of all Barramundi shares traded on
the NZX Main Board during the five trading days from and including the
ex-dividend date (being 6 September 2023), less a 3.0% discount.

The new shares will be issued on the dividend payment date (being 22
September 2023) to those shareholders who have elected to participate in the
DRP.

Onemootpoint · Dec 01, 2023, 04:10 AM

With the three Fisher funds offerings going ex-div today I thought it may present a decent buying opportunity - particularly BRM earlier in the day. After all, the next ex-viv and following pay date is only three months away.

That's to say if you're into this style of investing.

Basil · Feb 24, 2024, 11:27 AM

Have been quietly hoovering up quite a few Marlin in recent months. Done pretty well so far. NTA has been about $1.01 for a few weeks now and the US tech sector went gangbusters this week with Nivida's result which itself went up 16% in one day). Other tech stocks that are in MLN's portfolio involved with A.I. in one way or another caught the tailwind, and I am expecting a reasonable NTA increase next week. Now I have quite a few I might build up a spreadsheet model and report NAV from time to time. A decent number on offer at 99 cents and NAV at a guess is about $1.03-$1.04 at present. I'd buy them myself if I didn't have a sizeable holding already. I'm expecting another Marlin warrant issue in the next few months. Opportunity knocks? You be the judge.