In other words, you have obviously missed out on great stories like Heartland, THL and Scales for examples. :D
Instead, probably in Snakk, Sea Dragon, Barramundi etc? Creatures and animals with slippery tendencies?
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Thanks for your concern but it is what it is - can understand your sentiment if you happen to be in shares and companies which I comment negatively on as I think they possess negative attributes and features.
I thought that's what this forum is about? Posters commenting on positives and negatives?
Absolutely correct positives and negatives ...and we know whats more likely to be coming from your end don't we? Thousands of satisfied shareholders, who probably cant be bothered countering your negativity, would in my view, outweigh your comments but by all means don't let me inhibit your posts. I think the problem lies in that your view of this, and the other Fisher funds, seems unable to understand or comprehend that good returns can be made in many shares given the right circumstances. You seem unable to see this..or choose to ignore it. Buy at the right time and even less than perfect situations can return well for you but a simplistic evaluation such as you keep pushing along ad infinitim is just that..simplistic.
Will make for a new definition in the Oxford English dictionary of the word 'satisfied'.
Reminds me of Fawlty Towers !
http://www.telegraph.co.uk/travel/li...ls-best-rants/
Have a look at the last video and ENJOY! :D :D :D
I wonder how many options will be taken up this week?The option exercise price is 81cents with the share price being 79/80.
The share price is about a 10% discount to NTA of 88cents.
This being a poorly performing fund I would have thought a discount of 15-20% would be more appropriate.
http://www.nzherald.co.nz/business/n...ectid=11723746
Excerpt : "Other examples of the worship of false gods abound: the NZX listed investment companies run by Fisher Funds long ago instituted a policy whereby each quarter the funds give shareholders back some of their capital.
Directors label this return of capital a dividend thereby giving investors the warm fuzzies. You can however see from the accounts of the Marlin Global Fund, for example, that most of the dividends are actually a return of capital.
For example Marlin Global pays a dividend of 6.88 cents per share which on a share price of 79 cents is a dividend yield of 8.7 per cent.
This of course looks fabulous to the naive yield crazed investor but the reality is that all of this "dividend" is actually a return of the capital of shareholders.
According to the Marlin profit and loss account for the year ended 30 June 2016 dividend and interest income of $966,000 doesn't even cover operating expenses of $1.65 million.
This latter figure is made up of a management fee of $880,000 and various other operating costs.
There is no actual earnings, in the conventional sense of the term, available to fund a dividend. One could take this capital distribution model to its ultimate conclusion by paying out all of the company's capital to shareholders thereby delivering a fabulous yield of 100 per cent."
FOOLS AND THEIR MONIES ARE ALWAYS PARTED.
Couldn't get that link to work?
Googled and got this ?
http://www.nzherald.co.nz/business/n...ectid=11723746