quote:
Originally posted by Treetops
Quote:
quote:Originally posted by shasta
Treetops, the DGL purchase intrigues me as a KFL holder.
If they meet/beat there forecasts & the Oyster Bay type fiasco's are out the way, this could surprise in a year or two.
Personally, i question the DGL & RAK purchases & am waiting to see what they do with the WAM money.
The special dividend & share buyback has breathed some life into KFL recently, as its now at its 12 month high, where to from here though?
Disc: Happy holder
Me too.:) How much they have invested in Rak and DGL I'm not sure but it will be small in KFL. Fisher funds probably has most. So far so good anyway.
You are right Shasta. A large component of the WAM money is still not revealed. The five largest portfolio holdings at 28 June 2006 ([u]just before the WAM payout</u>) are approximately as
follows:
Ryman Healthcare -17.7%
Mainfreight - 13.7%
Waste Management - 13.5%
Pumpkin Patch - 11.0%
Freightways - 9.6%
So it was 13.5% of the portfolio and a 2.5% spec. div. isn't much.
Some will go into the buyback. I guess its time for Carmel to show how good :) or bad [}:)] she really is. It's getting to that point where really good investments are few and far between. :( I liked RAK and DGL as exporters and our dollar still has further to fall. Rak in particular could be a real winner. Personally I couldn't take the risk with them as individual shares, but as a small part of a managed portfolio I'm more at ease. For the larger investor with more time and expertise I'm sure buying the individual shares is better. For me I'm very satisfied with the proportion of each share in the portfolio. Which is best out of RYM FRE and MFT. MFT and FRE today! :D
I would like to thank [u]
D_Pick </u>for his original posting on 4/12/05 It alerted me to cash in. What the discount is now we will find out tomorrow.
Treetops