BRM - New Warrant Issue for Barramundi

[winner (n)]

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

This AI has become hyperreal

[Basil]

https://api.nzx.com/public/announcement/442408/attachment/432536/442408-432536.pdf
Amended notice. 
Hard to believe there were plenty of sellers at 68 cents today, a decade high discount of 15% to NTA.
This for a fund that was up 29% in the year to 31 October 2024, beat the ASX handsomely over that timeframe, has a proven 5 year history of beating the index and NTA is up a further 4.3% month to date in November and trades cum a nice 1.56 tax free Christmas quarterly dividend.  Whatever does one do ? I know the answer.  Surprise, surprise, the answer is to keep buying lol
Barramundi's month to date performance in November is even ahead of the extremely well-regarded Discovery fund, how good is that!!

[snapiti]

yes SP performance compared to NAV is disappointing but only matters if you are selling, what is important is the NAV is rising and I get a heap of cheap shares in the DRP

[thedabsman]

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.....

I think the last decimal point is impossible to know as we dont know the exact NTA. 1.53 - 1.56 is about as accurate as you could be. I am loving the high NTA and low share price for the divvy payments. Just as long as you dont need to sell at present

[Dolcile]

Basil, a lot of green on my BRM watchlist today 

[snapiti]

AUD strong as well over the last few days, we might see 80cps NAV this week......apart from that selling should dry up and buying increase for a while with many wanting to collect the divi x on the 4th December

[Minimoke]

AUD strong as well over the last few days, we might see 80cps NAV this week......apart from that selling should dry up and buying increase for a while with many wanting to collect the divi x on the 4th December

Oh a divvy as well. Collect rights at $0.63. Today trading at $0.71 and $0.0156 divi to come. Cant complain!

[Dolcile]

Basil, when you care to do it next, could you update us on your estimate NAV? Seems like a few good days on the ASX.

[Basil]

Hey Dolcile,

Wisetech got hammered down about 12% last week, from memory it was Friday so as at last Friday NTA was just on 79 cents down a bit from that reported on Thursday of 79.68 cps (as of close of trading last Wednesday).

By yesterday's closing NTA by my estimate was 79.4 cps.  I'm reluctant to post today's closing estimated NTA number because for reasons unknown I have been out by as much as a third of a cent in recent weeks and the correct figure will be published tomorrow anyway.  On a brief overview of their portfolio today I doubt there has been much movement from last week's NTA.

The share price is up a bit because it was at a ridiculous decade high 14% discount to NTA and by my reckoning that's closed a little bit in the last week, presently around about 11-12%.  Actual NTA figure out tomorrow.  Sorry, I've been flat out trying to buy more Turners. It's been hard work trying to get many.

[Dolcile]

Aah so it's you that has completely wiped out the Turners sell side 


Thanks for your comments on BRM. 

[Basil]

Not me at all unfortunately.  I've been out on my boat for the last 2 days.  Just got back last night and reviewed everything in detail including Craigs and Forsyth Barr reports this afternoon and then tried to get some more...too late, hardly got any. 

[snapiti]

Been a very good 12 months for BRM, NAV up 10cps plus paid a 6cps tax paid divi, so 16 cps all up, I make that about a 23% return after tax and fee's
Extra special bonus for the ones who were greedy with the warrants, I heard the hound was going to get the launch gold plated.

[snapiti]

Basil would you mind giving us a NAV update after close today, solid green day for most of their biggest holdings and based on that I have a NAV of 80.5cps

[Basil]

Closing details for KFL and BRM
KFL closing NTA $1.483 share price $1.33 Discount to NTA 10.3%
BRM closing NTA $0.802 share price $0.70 Discount to NTA 12.7%

[Basil]

Closing details for KFL and BRM on last trading day of November.
KFL closing NTA $1.488 share price $1.35 Discount to NTA 9.25%
BRM closing NTA $0.800 share price $0.71 Discount to NTA 11.25%

How good is that!.  BINGO, I got both those pretty much bang on the money
https://api.nzx.com/public/announcement/442999/attachment/433319/442999-433319.pdf
https://api.nzx.com/public/announcement/442998/attachment/433318/442998-433318.pdf
Awesome to see BRM with just over 80 cents per share NTA.