KFL - discount to diluted NAV

[bull....]

Market forces at play ...lol ...me and Ferg were talking about it ...

nz 50 broke out of 2yr range last week to upside ( bullish ) , kfl always been a bit slower to reflect this.

[alokdhir]

nz 50 broke out of 2yr range last week to upside ( bullish ) , kfl always been a bit slower to reflect this.

Whats your target for this break out mate ? And year end target ?

[bull....]

Whats your target for this break out mate ? And year end target ?

no target just follow the trend now. nz been very slow to follow wall st so maybe some catchup ? now that rotation from tech underway and bottom of int rate cycle will help when it declines next yr.

[alokdhir]

no target just follow the trend now. nz been very slow to follow wall st so maybe some catchup ? now that rotation from tech underway and bottom of int rate cycle will help when it declines next yr.

Thanks mate for sharing your thoughts

[Ferg]

lol ...me and Ferg were talking about it ...

Right on cue ..... funny that.

[RRR]

I converted 25 K warrants to shares today (I hope it has gone through ok) - I actually had 98K warrants but didn't have enough cash today...

[alokdhir]

Like all blue chip stocks their P/E ratios reach the highest when close to low of the cycle ...which is due to the fact that SP is discounting the inevitable better times ahead ...if it was an enlightened market and level playing field then KFL should have been at premium at the low of the cycle but opposite to conventional wisdom it was at maximum discount of almost 13% at the low of the cycle ...while it was at maximum premium at the top of the cycle ...shows KFL investors and market not getting it right which almost all cyclical and blue chip stocks get it invariably ...

[tim23]

Like all blue chip stocks their P/E ratios reach the highest when close to low of the cycle ...which is due to the fact that SP is discounting the inevitable better times ahead ...if it was an enlightened market and level playing field then KFL should have been at premium at the low of the cycle but opposite to conventional wisdom it was at maximum discount of almost 13% at the low of the cycle ...while it was at maximum premium at the top of the cycle ...shows KFL investors and market not getting it right which almost all cyclical and blue chip stocks get it invariably ...

There have been very few times when KFL, MLN and BRM have traded at a premium so what you are seeing now is quite typical.

[Rawz]

Like all blue chip stocks their P/E ratios reach the highest when close to low of the cycle ...which is due to the fact that SP is discounting the inevitable better times ahead ...if it was an enlightened market and level playing field then KFL should have been at premium at the low of the cycle but opposite to conventional wisdom it was at maximum discount of almost 13% at the low of the cycle ...while it was at maximum premium at the top of the cycle ...shows KFL investors and market not getting it right which almost all cyclical and blue chip stocks get it invariably ...

KFL investors just matching the div yield to deposit rates. As rates drop the nav gap will close to reduce the yield.

Excellent time to buy KFL and BRM

Actually how good would it be if the two funds merged

[mike2020]

KFL investors just matching the div yield to deposit rates. As rates drop the nav gap will close to reduce the yield.

Excellent time to buy KFL and BRM

Actually how good would it be if the two funds merged

I wouldn't like them to merge. So many years BRM was static and a very dull hold, it might be a little more innovative of late but I welcome the relative predictability of the nzx in my holdings. Not the mass of bot trades, shorting and low ball takeovers rampant on the asx.