If it keeps trading like this I'll get my DRP at 63 or 64c!
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If it keeps trading like this I'll get my DRP at 63 or 64c!
Do I read this correct , this fund managed by Fisher Funds was launched in 2006 @ a price of $1.00 and now 17 years later is trading at .65 ?
If so how much has been charged for managing this performance in that time ?
They pay quarterly dividends. So total shareholder return according to their website is $2.92 per share as at Sept. Down from $3.76 in Sept 21.
Yes not flash, especially over the last 2 years. But the portfolio has been heading in the right direction in recent weeks.
Looks like SP went south during the GFC and never traded more than $1 since. What is their policy? I think 2% NAV as a dividend every quarter - so unless earning 8% per year, the fund is going backwards (and that is of course without Fishers 1.25% mgmt fee).
You probably have to look at their total returns.
Attachment 14889
It is the dividends (capital returns), and then the DRP and occasional warrant issue that provides the returns......
Anyone running a Mtm spreadsheet on the portfolio.
Big day.