As per my estimate it's going to be $ 1.221 ....will find out today
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Commenting on daily price action of a retirement fund ...U must be very free these days mate ...lol
Today NAV will be revealed ...it will show huge discount going on currently ...maybe U will take advantage ...Bull is already trading KFL also sold at 1.34 two divs back ...we got two divs worth 6 cents so not too much difference even at current depressed SP ...but he still feels he did great ...good on him :p
IMO FWIW KFL is great income stock ....ticks all boxes for me at least ...but then I dont have either the aspirations or need to score big speculative gains quickly to win any BET ....lol
Holding it since 2010 and plan to hold till the end ....they are doing just as good or bad as many star stocks of NZX . It's a back your truck time not unloading time but then all have different ideas ....Higher for longer is also one year only ....I think KFL can survive that year too :t_up:
NOT PRICE SENSITIVE
REL: 1637 HRS Kingfish Limited
CORPACT: KFL: KFL announces variation to the share buyback programme
17 November 2022
Kingfish Limited announces variation to the share buyback programme
On 18 October 2022, and in accordance with Listing Rule 4.14.2, Kingfish
announced its intention to continue its share buyback programme of Kingfish
ordinary shares in compliance with section 65 of the Companies Act 1993.
The Share Buyback Policy, referred to in the 18 October 2022 NZX announcement
has been amended, such that from 17 November 2022, Kingfish will only buy
back shares if the discount to the last published net asset value, after
adjusting for any changes in the S&P/NZX50G index since the last published
net asset value, is greater than 6%.
Andy Coupe
Chair
Kingfish Limited
Save me alokdhir …took Speedy Az for walk along the waterfront this morning …..stopped at the NZX HQ and looked at the ticker they have rolling around the building ….Speedy asked can we move on and I said not until KFL cames up ….and then when it showed $1.24 I told Speedy that’s not too bad mate
Updated NTA
Date 13/9/2023 6/9/2023
KFL undiluted NAV $1.3134 $1.3194
Share price close $1.23 $1.27
Discount 6% 4%