BRM undiluted NAV as at 15/3/17 - $0.6484 (after deducting 1.30cps dividend
payable)
Date 15/3/2017 8/3/2017
BRM undiluted NAV* $0.6484 $0.6599
Share price close $0.62 $0.64
Discount 4% 3%
The above net asset value (NAV) is unaudited and net of fees and tax.
The NAV per share is after deducting an accrual for a 1.30 cents per share
dividend to be paid on 31 March 2017.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 15 March 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 15 March 2017 are approximately as
follows:
CSL Limited 7%
Dominos Pizza 6%
SEEK 6%
Carsales.com 5%
ResMed 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:00298359 For:BRM Type:NTA Time:2017-03-16 16:20:07