BRM - New Warrant Issue for Barramundi

[Left Field]

Crikey what a train wreck.......I feel sorry for any remaining holders.

Interesting to go back and read the past ramping on this thread. Deja vu all over again.

( Disc - never held.)

[Basil]

Their track record used to be quite good but they've certainly dropped the ball in a big way in recent years.
I warned about 2 years ago I thought they had lost their mojo.

[Otago K]

Yep, it's a disaster all round, but the Fisher managed funds have underperformed for years and the Board has done nothing about it and kept re-appointing Fisher. Is this the point where they finally give them heave-ho? I'm not a holder but I would want to see a change in fund manager and strategy together with a reduction in fees. If not, then just wind the funds up and pay shareholders out at NAV rate.

If my recall is correct the board have said they will talk to the fisher funds manager about the sub performance, didn't detect at a glance a hint they might consider to terminate the contract though.

[snapiti]

the current discount to NAV is the largest I can recall, not sure that is fully warranted however their performance in the past 12 month compared to the broader market is dreadful.
BRM makes up 5% of my investments, just pleased I cut that from 15% late last year, performance for the period I had held those shares was ok. I mainly sold down based on the lazy way the portfolio was being managed (not much change to portfolio holdings for many years and the number of extremely high PE stocks they held )