BRM - New Warrant Issue for Barramundi

[Dolcile]

Thanks Basil, the discount to NAV explains it.  I hadn't thought of that. 

Now to scrape together some coins to buy a few. 

[winner (n)]

Monthly update says they've reduced their weighting of Wisetech

[Basil]

https://barramundi.co.nz/assets/Investor-Centre/Barramundi-Monthly-Update-November-2024.pdf
1 year adjusted NAV return after fees 29.7% to 31 October, Index 26.2%.
NAV at end of month 76 cents, discount 11%, current NAV over 79 cents but share price still the same, go figure?  Maybe those buying warrants at 2 cents and exercising them, effective entry price 65 cents, profit taking?
With performance like that and a 14-15% discount to NTA, (a decade high), I talked myself into buying more lol

[snapiti]

nice divi just around the corner too

[snapiti]

Monthly update says they've reduced their weighting of Wisetech

I wonder if that was just because of the extra funds in the kitty due to the warrant uptake (that would have diluted holdings)

[winner (n)]

I wonder if that was just because of the extra funds in the kitty due to the warrant uptake (that would have diluted holdings)

When it's written like this I'd say they purposely reduced their holdings / weighting. ....probably after Basil told him to do so lol

You cannot view this attachment.

[Basil]

Lol mate. Not that influential by any stretch of the imagination. Robbie did mention in the meeting that they had trimmed Wisetech a bit.

[winner (n)]

Lol mate. Not that influential by any stretch of the imagination. Robbie did mention in the meeting that they had trimmed Wisetech a bit.

Hope he didn't sell when it got down to 10 bucks seeing its back to over13 bucks and heading to 14 bucks

[thedabsman]

Gang patch ban day. I better take off my BRM patch and only wear it in private

[Basil]

Latest NTA nearly 80 cents at 79.68 cps.  Decade high discount to NTA of 15%
https://api.nzx.com/public/announcement/442392/attachment/432510/442392-432510.pdf
Disc: I bought more yesterday at 68 cents and am on the bid for even more at that level today.

[sideline]

About time to announce the 1.54c dividend - what takes them so long??

[Basil]

You're quite right a December quarter announcement is due.  The December dividend was announced on 20 Nov last year, 17 Nov the year before and 22 Nov in 2021.  Last year it went ex-divvy entitlement on 30 Nov, with payment on 15 December, well in time for Christmas shopping.  Expect a Dec divvy announcement any day now.

[thedabsman]

About time to announce the 1.54c dividend - what takes them so long??

I got 1.56c divvy in my AI (almost intelligent) spreadsheet.

[sideline]

You were right - i have to review how it's calculated.
However I see in the announcement from today - 21 Nov 2024 - that the Ex-date
is supposed to be 4 Nov 2024?? I can see a 'correction' coming up.....

[Ithaka]

1.56c it is
https://www.nzx.com/announcements/442404