Well I got that wrong big time. I think Beagle must be using up his cash.
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Well I got that wrong big time. I think Beagle must be using up his cash.
Now I am completely bewildered. Back above NTA. In an environment of rising interest rates and depreciating share prices I would have presumed capital could be easily be eroded. What am I missing? I have only had KFL in a "stable" and rising share market.
Share price is directly correlated to its major holdings, particularly Mainfreight.
Yes, that is a simple answer.
I am very happy I did not try to time the market or the bottom to the last cent and got major chunk of my requirements at average of $ 1.285 and in hindsight it turned out to be below NAV too ...so didnt pay premium to get this great stock with superb portfolio . Delighted to be back again in KFL big time my preferred income choice for the foreseeable future
Well done, I seriously expected it to go into the teens with rising interest rates and progressively lower NTAs.
It’s not over yet Mike
When u have stocks like MFT / IFT / FPH / SUM / AIA as top 5 ....then KFL is formed .
All have great long term prospects ahead plus these are the companies which will weather the storm ahead if any much better then other smaller companies
Its very possible we actually get a soft landing ...slow yes ie Inflation above target for longer but not big recessions thus good companies may come out much better then at present anticipated ...all due to very good employment rates world over . Will see moderation of inflation over a longer time though
IMHO KFL companies can do much better then others in such environment