BRM undiluted NAV as at 22/2/17 - $0.6618
Date 22/2/2017 15/2/2017
BRM undiluted NAV* $0.6618 $0.6534
Share price close $0.63 $0.64
Discount 5% 2%
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.
* The undiluted NAV excludes any impact on the NAV of the future exercise of
warrants (BRMWD). At 22 February 2017, 36,471,368 warrants are on issue and
may be exercised on 24 November 2017. The actual exercise price of each
warrant is $0.63 less the dividends per share declared by the company between
21 November 2016 and 24 November 2017. Dividends totalling 2.69 cents per
share have been declared to date and two more dividends are expected to be
declared in the remaining period to 24 November 2017.
The five largest portfolio holdings at 22 February 2017 are approximately as
follows:
CSL Limited 7%
Dominoes Pizza 6%
SEEK 6%
Ramsay Health Care 5%
National Australia Bank 5%
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.
For further information please contact Barramundi Ltd, ph (09) 489 7074.
End CA:00297314 For:BRM Type:NTA Time:2017-02-23 15:14:39