Hey Balance, did you nominate Carmel for entrepreneur of the year as her biggest fan?? :p
http://www.ey.com/NZ/en/About-us/Ent...2016-finalists
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Hey Balance, did you nominate Carmel for entrepreneur of the year as her biggest fan?? :p
http://www.ey.com/NZ/en/About-us/Ent...2016-finalists
Fisher Funds directors share $10.3 million dividend pot
That will probably give Balance apoplexy!
Best Wishes
Paper Tiger
Cool melons on a hot summer day.
Who wants to get worked up about people who leave their doors open and valuables on display while they rush to the supermarket to grab some cheapo specials?
Even the most naive rookie cop will say 'serve them right' when they get back home and find they have been burgled.
KFL unit holders kinda remind me of people like that.
Meanwhile, same money invested in a no-brainer solid dividend yielding stock like AIA would have given you outperformance of over 200% (yes, 200%) against KFL with its self-promoting-'with your money'-glorified-management 'heads they win, tails you lose' structure.
ENJOY. :D
Taken from another thread for ya Balance....
http://www.nbr.co.nz/article/kingfis...tment-b-192315
The answer of course is to move into cash but then, there's no juicy management fees to be made.
Comments like those are simply laying the groundwork (as usual) for excuses why KFL is not going to perform in the year ahead and if it does, how great the managers are.
Seen that pathetic excuse peddled out like stale 1 month old moldy bread to little ducklings many a times in the past - works everytime though as the ducklings are hungry and starved enough to swallow anything.
Kingfish NAV released yesterday $1.3896
50% of there assets being held in MFT, FPH, RYM, FRE and IFT
Warrants currently under 2c with a further payment due next week of $1.21
An entry into a basket of these shares at a substantial discount.
Realise there will be some dilution when warrants are converted
Apart from all the inevitable comments regarding Management Fees etc - seems to be a reasonable opportunity
Comments ?