KFL
27/11/2014 16:39
NTA
NOT PRICE SENSITIVE
REL: 1639 HRS Kingfish Limited
NTA: KFL: KFL NAV as at 26/11/14 undiluted $ 1.3776, diluted $1.3397
KFL NAV as at 26/11/14 - undiluted $ 1.3776, diluted $1.3397
Date 26/11/2014 19/11/2014
KFL Undiluted NAV $1.3776 $1.3776
KFL Diluted NAV $1.3397 $1.3401
Share price close $1.35 $1.38
Discount/(Premium) based on Undiluted NAV 2% (0%)
The above net asset values (NAVs) are unaudited and net of fees and tax.
The NAV per share is after deducting treasury stock (shares acquired under
the Kingfish buyback programme).
The Diluted NAV describes the effect on NAV if all warrants in existence
(KFLWC) were exercised today at $1.18. At 26 November 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. A dividend of
2.66 cents per share was declared in November 2014 and three more dividends
of 2.66 cents per share have been assumed. The current estimated Exercise
Price is $1.18.
The five largest portfolio holdings at 26 November 2014 are approximately as
follows:
Mainfreight 15%
Ryman Healthcare 11%
Fisher & Paykel 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:00258207 For:KFL Type:NTA Time:2014-11-27 16:39:42
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