Share
- Release Date: 25/07/13 14:35
- Summary: NTA: BRM: BRM NAV $0.8064 as at 24/7/13
- Price Sensitive: No
- Download Document 2.34KB
BRM
25/07/2013 12:35
NTA
REL: 1235 HRS Barramundi Limited
NTA: BRM: BRM NAV $0.8064 as at 24/7/13
BRM NAV $0.8064 as at 24/7/13
Date 24/7/2013 17/7/2013
BRM NAV $0.8064 $0.8228
Share price close $0.71 $0.71
Discount 12% 14%
The above NAV is unaudited and net of fees and tax.
The NAV per share is after deducting treasury stock (shares acquired under
the Barramundi buyback programme) and a performance fee accrual payable to
the Manager.
The five largest portfolio holdings at 24 July 2013 are approximately as
follows:
Tox Free Solutions 8%
Bravura Solutions 8%
Retail Food Group 7%
Credit Corp Group 6%
Austbrokers Holdings 6%
As at the date of this Barramundi NAV, portfolio stock McMillan Shakespeare's
shares were voluntarily suspended from quotation as they evaluate the impact
of the Australian Government's proposed changes to the FBT treatment of cars.
McMillan Shakespeare believes if the changes are implemented they will have a
material impact on their business. The McMillan Shakespeare share price fell
15% before trading in their shares was suspended.
As at the date of this Barramundi NAV, McMillan Shakespeare's shares remain
suspended. Barramundi has written down its investment in McMillan Shakespeare
by 30%.
Please refer to McMillan Shakespeare's announcements on the Australian
Securities Exchange:
http://www.asx.com.au/asxpdf/20130716/pdf/42h2clph915tzz.pdf
As at the date of this NAV, McMillan Shakespeare is a 4% holding in the
portfolio. Trading in McMillan Shakespeare shares will resume on 25 July
2013.
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 the Australian Securities 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:00238966 For:BRM Type:NTA Time:2013-07-25 12:35:57
