KFL - discount to diluted NAV

[Perky]

Makes sense they provide a good feed…they are a PIE fund right?

Would be a bit sad if you had to bring a plate to a pie fund meeting.

[alokdhir]

https://www.nzx.com/announcements/434344

Cant get any better then this for opportunity ...but ....

[winner69]

https://www.nzx.com/announcements/434344

Cant get any better then this for opportunity ...but ....

Spot on mate …….in buzz words an intergenerational buying opportunity …….capital gains as RB has pivoted ….gains to come from increased NAV and a big market rerate

Chart shows why …cool eh

[alokdhir]

Spot on mate …….in buzz words an intergenerational buying opportunity …….capital gains as RB has pivoted ….gains to come from increased NAV and a big market rerate

Chart shows why …cool eh

Great Chart shows what path it will follow ahead ....Today it has done its bit NAV closed over $ 1.35 !!!

[alokdhir]

Today its well over $ 1.36 ...if they work hard can salvage some warrants ...MFT and RYM helping big time

[Toddy]

Today its well over $ 1.36 ...if they work hard can salvage some warrants ...MFT and RYM helping big time

But I thought you said that you didn't want any warrants to be exercised?

[alokdhir]

But I thought you said that you didn't want any warrants to be exercised?

I never said that mate ...I said if the exercise price is way lower then NAV then they will end up diluting NAV for the whole lot ...like what will happen to BRM ...here for them to be exercised SP need go over $ 1.26+ ...me happy with that more then not ...hopefully it makes it more clear

[Toddy]

I never said that mate ...I said if the exercise price is way lower then NAV then they will end up diluting NAV for the whole lot ...like what will happen to BRM ...here for them to be exercised SP need go over $ 1.26+ ...me happy with that more then not ...hopefully it makes it more clear

That logic only makes sense if you only hold head shares.

The portfolio managers issue these warrants for a reason. They were just unfortunate with their timing when issuing the KFL warrants.

[alokdhir]

That logic only makes sense if you only hold head shares.

The portfolio managers issue these warrants for a reason. They were just unfortunate with their timing when issuing the KFL warrants.

Almost all long term holders have already encashed their " free " warrants as it was almost certain that they will go bust come July ...

Also u need study why warrants are given to original head share holders for " free " ...Free = dilution of their head share NAV if exercised ....

[Toddy]

Almost all long term holders have already encashed their " free " warrants as it was almost certain that they will go bust come July ...

Also u need study why warrants are given to original head share holders for " free " ...Free = dilution of their head share NAV if exercised ....

Im not prevy to that information. So didn't know almost all holders had exited.