KFLs Z-score points to KFL price being in ‘expensive’ territory these days.
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KFLs Z-score points to KFL price being in ‘expensive’ territory these days.
Quarterly Update - https://www.nzx.com/announcements/415178
In the June quarter, Kingfish delivered a Gross Performance Return of 2.3% and an Adjusted NAV return of 1.9%, versus the 0.3% return of the S&P/NZX50 gross index.
Probably both numbers a bit of ‘engineering’ but great news they beat the NZ50G ….well done
Remember that at end June the share price was still "cum warrants" and trading at $1.34, with NAV at $1.3955. Now the warrants are trading on market, and the share price is yet higher at $1.35 and last disclosed NAV $1.4072.
The warrants are really the "engineering" you reference. KFL does look after holders over the longer term with these warrant issues roughly every second year, which are an unaccounted performance factor if you don't factor these into your overall return whether you sell on-market or keep to exercise upon expiry.
Key metric is the Gross Performance Return of 2.3% …that’s the measure of how well or otherwise the investment team is performing.
Must have had a good June month as April was +0.8% but May was -0.5% so ending quarter at +2.3% pretty good.
Here's one for you W69
AGM Preso and speeches
https://www.nzx.com/announcements/415824
Did just have a look in
Love that guy who ‘loved’ the rave about new investment in Vulcan and that it reminded him almost word for word of the rave about when they bought Metro Glass …and lost zillions
Kudos to him
The number of times that Peek guy says ‘runway’ you’d think he’d really be more into Auckland Airport than he is.