BRM undiluted NAV as at 5/5/21 - $0.8296

MKTUPDTE
Thu, May 06 2021 01:40 pm

BRM undiluted NAV as at 5/5/21 - $0.8296

Date 5/5/2021 30/4/2021
BRM undiluted NAV $0.8296 $0.8378
Share price close $1.11 $1.08
(Premium) (34%) (29%)

The above net asset value (NAV) is unaudited and net of fees and tax.

The NAV per share is calculated after deducting treasury stock (shares acquired under the Barramundi buyback programme) - currently nil. A performance fee payable to the Manager is currently being accrued in the NAV calculation.

* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (BRMWF). At 5 May 2021, 52,532,918 warrants are on issue and may be exercised on 29 October 2021. The actual exercise price of each warrant is $0.70 less the dividends per share declared by the company between 5 October 2020 and the announcement of the 29 October 2021 exercise price. Dividends totalling 3.03 cents per share have been declared to date and there are two more dividends expected to be declared in the remaining period up to the announcement of the 29 October 2021 exercise price.

The five largest portfolio holdings at 05 May 2021 are approximately as follows:

CSL 9%
Carsales.com 6%
Seek 6%
CBA 6%
Wisetech 6%


BACKGROUND
Barramundi is a listed investment company that invests in growing Australian companies. The Barramundi portfolio is managed by Fisher Funds, a specialist investment manager with a track record of successfully investing in growth company shares. The aim of Barramundi is to offer investors competitive returns through capital growth and dividends, and access to a diversified portfolio of investments through a single tax-efficient investment vehicle. Barramundi listed on the NZX Main Board on 26 October 2006 and may invest in companies that are listed on an Australian stock exchange or unlisted companies.

Contact
Corporate Manager
Barramundi Limited
Tel +64 9 4840352


Announcement PDF


Markets News

Geneva’s long hard road to the Unlisted exchange
Markets

Paul McBeth: Geneva’s long hard road to the Unlisted exchange

Can the new guard and the old guard find common ground?

Markets Market close

NZ sharemarket flat amid international turmoil

The S&P/NZX 50 Index closed at 12,123.14, down 11.83 points or 0.10%.

Graham Skellern 15 Jul 2024
NZ sharemarket flat amid international turmoil