Just musing that a 'smart' Bull looking for 'opportunities' would be a few steps BEHIND the herd rather than walking ahead? 😉 just saying..
Printable View
Just musing that a 'smart' Bull looking for 'opportunities' would be a few steps BEHIND the herd rather than walking ahead? 😉 just saying..
Hey alokdhir …how they calculate what to pay out as a divie
One announced today a bit less than last year …no pay rise again
" Dividends
In June 2009, Kingfish announced a new long-term distribution policy. Under the policy Kingfish will pay shareholders 2% per quarter of its average NAV.
The payments are made in March, June, September and December.
June 2023 2.82cps March 2023 2.79cps December 2022 2.86cps September 2022 2.83cps June 2022 3.16cps March 2022 3.55cps December 2021 3.67cps
As mentioned above is their dividend policy since June 2009 and its working pretty well for investors ...U get both DRP option if one is looking for pure growth
Dividend is NAV based thus it gets reduced in down markets automatically
All I can say is to check after 2 years mate ...warrants worthless ? Thats very bearish long term call mate ...July 2024 is very far and lots of things can happen ...mostly positive for markets hopefully ...I am surely more positive then u ...I think they will be worth 15 cents plus ...lets see how things pan out
Quarterly dividend of 2.79cps announced, to be paid on 22 September 2023. This supports the view that around 11cps in aggregate will be paid as dividends over the four quarters prior to the warrants exercise date, which indicates/confirms an ultimate strike price of $1.26 for the head shares.
As readers of the KFLWH thread will know, I have 200k reasons to hope the warrants end at a value over 10.5c so that requires head shares to be around $1.37 or higher next 24 July. It is definitely possible the warrants will expire worthless but that is a big call against Mr Market from this point given KFL is effectively a basket of NZX listings concentrated upon those deemed to have growth runways. I know there is some malaise in the market currently but really are the FY 30 June listed entity announcements we are presently experiencing all that bad? And the election uncertainty will be over in a few weeks and the outcome could easily change the vibe.
NAV is still $1.37 now so if that is maintained it is the extent of the discount to NAV that KFL is trading at that is weighing on the outcome. It is NAV that determines the dividend declarations however and many holders of this share are simply looking for PIE income. Any pressure coming off interest rates between now and expiry will be positive for KFL yield on a comparative basis with alternatives such as bonds and term deposits.
In my view plenty of hope for upside rather than pessimism on the downside and lots of water to flow under the bridge meantime.
Good post Ronaldson. Im on the hook with the warrants too and deep underwater currently, if it wasnt for my gains on 2CC my portfolio would be hurting. I talk to a lot of SMEs and if National wins the election i think it will do wonders for the country. A lot of negativity out there due to current govt. Lets see what happens.
Also need to remember SPs are forward looking so warrant exercise date next July will be based on SPs of MFT, FPH, SUM, IFT etc looking into 2025 and beyond
Another week passes and Kingfish NAV down again …this week to $1.3485 ….who would have believed that it would go that low so quick
And I note Fisher have reduced SUM holding by 3.5 shares
have to pay upcoming div ?