BRM - New Warrant Issue for Barramundi

[Otago K]

Mine did to. I thought I had become wealthy overnight. Sadly today its back to reality.

Don't be too down about it, see the head shares haven't really dropped since going ex the bonus today, first two trades of 100K levels in at the 73c low offer, when was it that the discount to NTA was about 15%?
Maybe now is not the time to buy, contemplating I might yet sell some warrants at opening if the Mr Market seems to mirror the current behaviour??

[Ricky Bobby]

When do warrants start trading?... thought it was today..

[Basil]

My understanding is, they first traded ex entitlement yesterday, the record date is today, they are issued to holders tomorrow and trading starts on Friday. 

[Hectorplains]

When do warrants start trading?... thought it was today..

Their announcement said the 8th... but it also said they'd be allocated on the 7th. 

[Basil]

4 cents is right about where I had the new warrants pegged.  Managed to get a few extra at 3.3 cps with the first trade of the day.

[snapiti]

4 cents is right about where I had the new warrants pegged.  Managed to get a few extra at 3.3 cps with the first trade of the day.

yep 4 cents fair money, I sold mine @ that (108000) and bought the head shares, keep it simple and it all adds to the overall return which is certainly helped by the discounted DRIP.
BRM whilst not a top performer it is turning out to be a consistent very solid after tax return.
However history shows us timing your buy in has been important.   

[Mos]

High fees mediocre returns...

Barramundi Limited (NZX: BRM) today announced a net profit after tax for the 12 months to 30 June 2025 of $7.9m.
 
 Key elements of the FY25 result include profit on investments of $7.7m, dividend, interest and other income of $4.7m, less operating expenses, fees and tax of $4.5m.
 
 The portfolio's adjusted net asset value return** of 3.9% (6.0% gross performance return****), was below the benchmark index's return***** for the year of 13.5%.

[Basil]

They had a terrible third quarter, down 10% relative to index. Apart from that they've been going okay over the long term.

[snapiti]

High fees mediocre returns...

Barramundi Limited (NZX: BRM) today announced a net profit after tax for the 12 months to 30 June 2025 of $7.9m.
 
 Key elements of the FY25 result include profit on investments of $7.7m, dividend, interest and other income of $4.7m, less operating expenses, fees and tax of $4.5m.
 
 The portfolio's adjusted net asset value return** of 3.9% (6.0% gross performance return****), was below the benchmark index's return***** for the year of 13.5%.

this is why entry timing is so important, head shares often trade at a 10 to 15% discount to NAV and the discounted DRIP is so important for compounding returns also they have beaten the index for many years

[Basil]

Agreed Snapper. Also history tells us that periods of outperfomance often follow on from periods of underperformance.

[Sideshow Bob]

Yep, BRM (& KFL) aren't the buy and hold forever types.

You don't want to fall in love.....  

[Dolcile]

I prefer the PIE Funds Australasian Dividend Growth Fund for my AU exposure. Through Investnow you can select reinvest dividends and if you need income you just sell units.

[winner (n)]

BRM biggest holding CSL plunges 15% today

Saving 3,000 staff and going to spin off a division ...punters didn't like that news

[snapiti]

GOSH.........7% of their fund down 15%, surprised it was not on the 6 oclock news

[Basil]

Last weeks NTA was 73.57 cps.  My spreadsheet modelling has the NTA as at close of market today up slightly at 73.66 cps
(my valuation calculations do not take into account exchange rate movements).
(I came down to my cold office from a warm fire upstairs to update this tonight so Barramundi shareholders can sleep well tonight and cruise through the work day tomorrow with no worries)..I hope you all appreciate it.