KFL - discount to diluted NAV

[alokdhir]

From page 6 of the NZ Index Methodology:

Thanks Ferg ...I knew there is some rule against it otherwise KFL was ahead of TRA even ...now its confirmed that funds are not even considered

[alokdhir]

Some are really investing a lot of money trying to keep SP down ...NAV hitting well over $ 1.395 at present but interested parties wont let it cross $ 1.24 ...Good on them

[cyclist]

Just a hunch, but it wouldn't surprise me if someone mops up a large bunch of warrants on the Friday close, exercises them, and then lets the head shares start to run.

[winner69]

Just a hunch, but it wouldn't surprise me if someone mops up a large bunch of warrants on the Friday close, exercises them, and then lets the head shares start to run.

Warrants stop trading in an hour

[alokdhir]

Warrants stop trading in an hour

Maybe they already have 2 mil bought at 0.001 cent to limit their losses ...got my drift ...

[cyclist]

Warrants stop trading in an hour

Opps. Thanks.

[alokdhir]

alokdhir what your forecast nav this week

As promised mate, expected NAV tmrw is close to $ 1.403

[Mackap]

Hi team, I have some warrants. Just want to check details as I'm a bit of a newbie. So warrant trading finished today 24th. I can excise by this Friday 26th July, with excise price of $1.26. So would it be right in saying that the warrants will only have value (worth excising) if head share (currently $1.25) moves to $1.27 or above? Thanks in advance for any clarification.

[alokdhir]

Hi team, I have some warrants. Just want to check details as I'm a bit of a newbie. So warrant trading finished today 24th. I can excise by this Friday 26th July, with excise price of $1.26. So would it be right in saying that the warrants will only have value (worth excising) if head share (currently $1.25) moves to $1.27 or above? Thanks in advance for any clarification.

U have two options mate ...exercise them via KFL @ $ 1.26 directly and save the broker charges or BUY on the market via a Broker for current SP $ 1.25 ...not much difference so no need think too much ...which ever suits better . U can also decide to let your warrants lapse that way u dont exercise them and dont have any head shares . BTW current NAV is over $ 1.40+ which will be revealed today afternoon !

[Rawz]

So there was no appetite from the big boys after digesting multiple capital raises....did they take in turns to be "it" in pushing the price down? Odds on this goes over the exercise price after the exercise date.....yeah it's a level playing field as evidenced by other recent activities pre-announcements. /tui

I think U know too much about markets and its ways ...lol

In plain English are you guys saying big holders are pushing the SP down so that warrants fail? is this why the discount is so large?