BRM undiluted NAV as at 20/9/17 - $0.6482
Date 20/9/2017 13/9/2017
BRM undiluted NAV* $0.6482 $0.6508
Share price close $0.58 $0.59
Discount 11% 9%
The above undiluted net asset value (NAV) is unaudited and net of fees and
tax.
The NAV per share is calculated after deducting treasury stock of 507,110
shares (acquired under the Barramundi buyback programme).
* The undiluted NAV excludes any impact on the NAV of the future exercise of
warrants (BRMWD). At 20 September 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 5.30 cents per
share have been declared to date and no more dividends are to be declared in
the remaining period to 24 November 2017.
The five largest portfolio holdings at 20 September 2017 are approximately as
follows:
CSL Limited 7%
SEEK 7%
Carsales.com 7%
ARB Corporation 4%
Link Administration Holdings Ltd 4%
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
Kate Teppett
Assistant Corporate Manager
Barramundi Limited
Tel +64 9 4897074
End CA:00307596 For:BRM Type:MKTUPDTE Time:2017-09-21 16:37:54