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17-06-2024, 04:40 PM
#1511
![Quote](images/misc/quote_icon.png) Originally Posted by winner69
Hey alokdhir, how many zillions do Kingfish need for IFT cap raise
Got enough cash or need to sell other stuff?
I will let the fund managers take the call. ...after all they charge management fees ...why we need bother how they. manage as. long. as they manage well !!
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17-06-2024, 04:47 PM
#1512
I had a quick look, they might have sold ATM to fund it. Later when it rebounds like a coiled spring they can swap back and finally show us what an active fund manager does!
All speculation with a healthy dose of sarcasm.
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18-06-2024, 04:00 PM
#1513
With IFT / FPH going great guns ....KFL is becoming more and more undervalued ....NAV rising SP dropping ...wow
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18-06-2024, 04:02 PM
#1514
![Quote](images/misc/quote_icon.png) Originally Posted by alokdhir
With IFT / FPH going great guns ....KFL is becoming more and more undervalued ....NAV rising SP dropping ...wow
It’s like buying free money aye
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18-06-2024, 04:04 PM
#1515
![Quote](images/misc/quote_icon.png) Originally Posted by Rawz
It’s like buying free money aye
Its happening mostly due to DRP holders selling and cashing their dividends ...they are still in the money as DRP strike was $ 1.1689 ...opportunity for new investors
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18-06-2024, 05:16 PM
#1516
I bought a few off them today. But it was only worth a couple of cents to them.
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18-06-2024, 05:47 PM
#1517
![Quote](images/misc/quote_icon.png) Originally Posted by Rawz
It’s like buying free money aye
Its like their formula does not work investing in NZX stocks. Because to exit would tank the individual stock share prices back to the current head share price. Maybe this is a factor.
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20-06-2024, 02:01 PM
#1518
Member
NAV hanging in there ....
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20-06-2024, 02:59 PM
#1519
![Quote](images/misc/quote_icon.png) Originally Posted by Not too Flash
NAV hanging in there ....
Yes, NAV at $1.31 and the VWAP on-market today is barely over $1.18. Judging by the daily notices from KFL they are the main buyer currently and are likely buying again today to underpin even that modest price.
The market is very downbeat at the moment. One could suggest KFL at this discount is one of the bargains on offer, but like some other NZX listings there are is not much competition currently.
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20-06-2024, 03:37 PM
#1520
KFL will be giving about 2.8 million shares under DRP next week ...instead of issuing new @ 1.31 they are preferring to buy on market @ 1.18 ...saving company thus holders money by reducing the dilution from 1.31 to 1.1689 vs 1.18 to 1.1689 ....they will be giving away this recently acquired treasury shares as DRP instead of issuing new !! Works out favourable for holders and not so for fund ...but its small change overall
Last edited by alokdhir; 20-06-2024 at 03:44 PM.
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