BRM now 14.75% discount to my 61c buy. GO you Average thing you:)
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BRM now 14.75% discount to my 61c buy. GO you Average thing you:)
I havnt really had a look at this company but some of your comments pose interesting points, if they do pay divs out of capital at times or all the time? then you as shareholders are actually losing because the asset base is being eroded, unless they enjoy positive returns each yr to afford this which appears not to be the case.
They obviously cant sustain this forever which would mean investors will get caught out at some stage.
3.2% gain for a few days holding and the discount may start to narrow a bit more with the $NZ a little weaker.Off to a good start . But such a short time frame not really relevant in the scheme of things. If you have a look at The pie funds newsletter I've posted today they have performed way better longer term and i have much more exposure there than here.
P.S Sparky is on the Fonterra thread!!!
I'm yet to be convinced that getting the aforementioned monkeys to throw darts at a copy of the ASX page in the Australian Financial review isn't a substaintially better alternative and quite apart from that monkey food doesn't cost millions of dollars in fees every year.
Who's really paying for the fancy food at their AGM's ?
As for paying tax on the dimished capital that's been returned to investors as dividends, the fact that these "investment professionals" came up with this rocket science scheme speaks volumes.
Completely agree with this thread, BRM is only good if you timed it right in getting into the market.
Now the only question is timing an exit.
Disc hold 130k shares