BRM
03/12/2015 16:14
NTA
NOT PRICE SENSITIVE
REL: 1614 HRS Barramundi Limited
NTA: BRM: BRM ex-div undiluted NAV $0.7032 as at 2/12/15
BRM undiluted NAV $0.7032 as at 2/12/15 (after deducting 1.35cps dividend
payable)
Date 2/12/2015 30/11/2015
BRM undiluted NAV * $0.7032 $0.7088
Share price close $0.64 $0.64
Discount 9% 10%
* The undiluted NAV excludes any impact on the NAV of the future exercise of
warrants (BRMWC). At 2 December 2015, 31,412,092 warrants are on issue and
may be exercised on 6 May 2016. The actual exercise price of each warrant is
$0.68 less the dividends per share declared by the company between 4 June
2015 and 6 May 2016. Dividends totalling 4.19 cents per share have been
declared to date and one more dividend is expected to be declared in the
remaining period to 6 May 2016.
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 1.35 cents per share
dividend to be paid on 18 December 2015. The NAV per share is also calculated
after deducting treasury stock (shares acquired under the Barramundi buyback
programme) - currently nil.
The five largest portfolio holdings at 2 December 2015 are approximately as
follows:
Ramsay Health Care 6%
Dominos Pizza 5%
Burson Group 4%
ResMed 4%
Brambles 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 (with a primary
focus on those outside the top 20 at the time of investment) or unlisted
companies.
For further information please contact Barramundi Ltd, ph (09) 489 7074.
End CA:00274602 For:BRM Type:NTA Time:2015-12-03 16:14:56
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