KFL
09/12/2014 16:07
NTA
NOT PRICE SENSITIVE
REL: 1607 HRS Kingfish Limited
NTA: KFL: KFL ex-div NAV 8/12/14 Undiluted $ 1.3670, Diluted $1.3303
KFL NAV as at 8/12/14 - Undiluted $ 1.3670, Diluted $1.3303 (after deducting
2.66cps dividend payable)
Date 8/12/2014 3/12/2014
KFL Undiluted NAV $1.3670 $1.3847
KFL Diluted NAV $1.3303 $1.3444
Share price close $1.36 $1.38
Discount (based on Undiluted NAV) 1% 0%
The above net asset values (NAVs) are unaudited and net of fees and tax.
The NAV per share is after deducting an accrual for a 2.66 cents per share
dividend to be paid on 19 December 2014. The NAV per share is also after
deducting treasury stock (shares acquired under the Kingfish buyback
programme) - currently nil.
The Diluted NAV describes the effect on NAV if all warrants in existence
(KFLWC) were exercised today at $1.18. At 8 December 2014, 30,448,940
warrants are on issue and may be exercised on 6 November 2015. The actual
exercise price of each warrant is $1.29 less the dividends per share declared
by the Company between 13 November 2014 and 6 November 2015. The current
estimated Exercise Price is $1.18.
The five largest portfolio holdings at 8 December 2014 are approximately as
follows:
Mainfreight 14%
Fisher & Paykel Healthcare 12%
Ryman Healthcare 11%
Freightways 9%
Infratil 7%
BACKGROUND
Kingfish is a listed investment company that invests in growing New Zealand
companies. The Kingfish portfolio is managed by Fisher Funds, a specialist
investment manager with a track record of successfully investing in growth
company shares. The aim of Kingfish 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. Kingfish
listed on the NZX Main Board on 31 March 2004 and may invest in companies
that are listed on the NZX Main Board, NZX Alternative Market or unlisted
companies.
For further information please contact Kingfish Ltd, ph (09) 489 7094.
End CA:00258697 For:KFL Type:NTA Time:2014-12-09 16:07:29
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