BRM - New Warrant Issue for Barramundi

[Tony]

It is an easy choice - in 30 days BRM are dishing out quite a few shares on the DRP.
Last time it was around 2.2m shares.
If they can buy them now at 6% discount and hand them back to shareholders at 3% discount
in 30 days the 3% saving is annualised about 43% return!
Better than having the money sitting on some bank account.
Now, where can they find another 2.2m discounted shares......

The DRP shares are allotted to shareholders at a 3% discount to the weighted market price at the time not the NAV

[Soolaimon]

I have been trying to find the participation doc. to join the DRP without success. Any help? Thanks.

[snapiti]

you choose that option on registry website .....computer share website

[Perky]

Or get it here

https://barramundi.co.nz/investor-centre/capital-management-strategies/#DRP


Click on download participation form link

[Soolaimon]

Thanks Guys all done.

[winner (n)]

Xero helpingbthe cause today ...one of their bigger holdings

Xero's new AI thing JAX sounds pretty cool ...keep share price going up I reckon

[Basil]

NAV @ ASX close today by my spreadsheet calculation after adjusting for performance fee accrual = 79.68 cps

[snapiti]

the discount to NAV is attractive, so I bought more last week, looking forward to the attached DRP shares as well, crickey last DRP were a gift at 62.5cps...... I am getting about 14000 shares every time the divi rolls around via the DRP plus up 11% on the head shares at the moment so happy days. I do like the 3% discount on offer for DRP shares as well.   

[Basil]

Nice to see other smart investors on board in BRM with substantial holdings.  We should get together after the annual meeting this year and have a few drinks to toast our success.

[snapiti]

I like the whole structure of BRM, especailly having all it's holdings in AUS and the DRP at a 3
% discount to SP which is already discounted to NAV.
Even if the head SP does nothing an 8% payout every year is a solid performer.
I have no doubt one day our paths shall gross Basil, more than likely involving a drink or 2

[Basil]

NAV @ ASX close today by my spreadsheet calculation after adjusting for performance fee accrual = 79.56 cps down slightly from Friday 79.68.

[Basil]

NAV @ ASX close today by my spreadsheet calculation after adjusting for performance fee accrual = 79.67 cps up 11 bps from yesterday.
Kingfish group all trade ex-divvy tomorrow with dividends being shed as follows:-
BRM 1.45 cps
MLN 1.86 cps
KFL 2.58 cps

[Basil]

NAV @ ASX close today by my spreadsheet calculation after adjusting for performance fee accrual = 79.57 cps down 10 bps, less dividend payable 1.45 cps = NAV ex dividend 78.12 cps.

[Toddy]

78.24. Close.

Plenty of green prices so far today.

[Basil]

Been out fishing and too tired to update NAV tonight but a lot if green on the watch list BRM screen so it will be up. Will update tomorrow morning. Thought I did well getting 7 good snapper but whoever landed 51000 Barramundi this morning for only 71 cents outfished me !!