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Barramundi Limited — Net Asset Value 2024
Aug 8, 2024
66172_rns_2024-08-08_cd71fef0-6132-49f0-9354-5747846118bd.pdf
Net Asset Value
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Barramundi Limited Phone +64 9 489 7074 Private Bag 93502 Takapuna, Auckland
BRM undiluted NAV as at 7/8/24 - $0.7379
| Date | 7/8/2024 | 31/7/2024 |
|---|---|---|
| BRM undiluted NAV | $0.7379 | $0.7867 |
| Share price close | $0.72 | $0.73 |
| Discount | 2% | 7% |
The above net asset value (NAV) is unaudited and net of fees and tax.
The NAV per share is calculated after deducting treasury stock of 896,974 shares (acquired under the Barramundi buyback programme). A performance fee payable to the Manager for the financial year ended 30 June 2024 is currently being accrued in the NAV calculation.
- The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (BRMWH). At 7 August 2024, 69,484,210 warrants are on issue and may be exercised on 25 October 2024. The actual exercise price of each warrant is $0.69 less the dividends per share declared by the company with a record date between 26 October 2023 and the announcement of the 25 October 2024 exercise price. Dividends totalling 4.44 cents per share have been declared to date and there is one more dividend expected to be declared in the remaining period up to the announcement of the 25 October 2024 exercise price.
The five largest portfolio holdings at 7 August 2024 are approximately as follows:
| CSL | 11% |
|---|---|
| WiseTech | 8% |
| Seek | 6% |
| AUB Group | 6% |
| Xero | 5% |
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 Corporate Manager Barramundi Limited Tel +64 9 4840352