BRM - New Warrant Issue for Barramundi

[sideline]

Yep, NAV went up almost a cent!

[Basil]

Big day. It's been a while.

Yeap, Official NAV announced today as at close of trade yesterday was 77.78 cps and based on my workings was up more than a cent today to 78.90 cps !

[Toddy]

Hopefully we will see some movement in the head share and warrants tomorrow.

They are looking cheap.

[thedabsman]

I'm hoping this discount continues till at least DRP calculation period is over! I do not understand such a deep discount

[Toddy]

Xero is coming though with decent numbers.

We need more companies in the portfolio delivering like Xero.

[Sideshow Bob]

Xero is coming though with decent numbers.

We need more companies in the portfolio delivering like Xero.

5% of the portfolio and up 8.5% currently. 

[Toddy]

Has the portfolio caught the winter blues.

[Basil]

It's been a tough gig lately that's for sure.  As at close of trade at end of month on ASX yesterday, I estimate NTA was just on 76 cents.  We'll see actual NTA when they report on Tuesday.

Just a reminder regarding the warrants.  The exercise price is 69 cents less all dividends declared and paid on ordinary shares during the life of the warrants, (4.44 cents per share declared).  4.44 x 4/3 = 5.92 cents.  there's likely to be just on 6 cents in total dividends declared and paid during the warrants term and as the exercise price is rounded up or down to the nearest cent its almost certain the warrants exercise price will be 63 cents (69 - 5.92 = 63.08).  Exercise date is 25 October 2024.

[winner (n)]

Headline in paper Aussie shares rally to 100-day high, near all-time peak

So what's happening with BRM with its portfolio of stellar stocks

[Basil]

I get 76.7 cps on my spreadsheet after yesterday's big rally.
Disc Still holding a truck load of warrants that I expect will have an exercise price of 63 cents on 25 October 2024.
Got lots of Marlin shares and their warrants too.

[Basil]

Gosh, huge discount to NTA with Kingfish, KFL. On the other channel was reported as over $1.35 yesterday and today's surge on top of that !
$1.19 seems like a genuine bargain opportunity. Too good to refuse so I hovered up as many as I could get just before lunchtime. Very tasty !

[snapiti]

thats great news, it means we are not competing for the same stock as I have been buying up BRM @ 67cps for the last week or so.
BRM has also offering up a large discount to NAV, also picked up a few warrents under 3cps, they have been a bit more scarce than head shares at 67cps

[Basil]

Well done me ol mate Snapper, snapping up bargains left, right and center.
Got truckloads of Barramundi warrants, Marlin shares and Marlin warrants already and recently added a good sized new position in the Discovery fund for good measure.  Happier these days to let fund managers do a fair bit of work for me so I can spend more time with family and friends including my best mate canine friend Tony the Pony.   

[snapiti]

that's interesting beagle most of my share allocations are with fund managers now but highly focused away from NZ, thats why I like BRM as well as there generous DRP discount.
They are also very responsive (same day) to answering questions.
I also really like RF1 in Aussie but have to pay tax on their distributions.
That's ok cause they don't pay franking credits as well so only taxed once and they seem to only distribute about 50% of the gains.

[Toddy]

Some value being added again today.