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Kingfish Limited — Net Asset Value 2020
Dec 17, 2020
66218_rns_2020-12-17_f92942f8-de97-466f-af85-89b750baed15.pdf
Net Asset Value
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Kingfish Limited Phone +64 9 489 7094 Fax +64 9 489 7139 Private Bag 93502 Takapuna, Auckland
KFL undiluted NAV as at 16/12/20 - $1.8612
| Date | 16/12/2020 | 9/12/2020 |
|---|---|---|
| KFL undiluted NAV | $1.8612 | $1.8672 |
| Share price close | $2.02 | $1.99 |
| (Premium) | (9%) | (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 (shares acquired under the Kingfish buyback programme) - currently nil. A performance fee payable to the Manager is currently being accrued in the NAV calculation.
- The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (KFLWF). At 16 December 2020, 61,578,083 warrants are on issue and may be exercised on 12 March 2021. The actual exercise price of each warrant is $1.64 less the dividends per share declared by the company between 9 March 2020 and the announcement of the 12 March 2021 exercise price. Dividends totalling 13.01 cents per share have been declared to date and there are no more dividends to be declared in the remaining period up to the announcement of the 12 March 2021 exercise price.
The five largest portfolio holdings at 16 December 2020 are approximately as follows:
| Mainfreight | 18% |
|---|---|
| Fisher & Paykel Healthcare | 15% |
| Infratil | 15% |
| The a2 Milk Company | 11% |
| Summerset | 9% |
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 NZX Main Board on 31 March 2004 and may invest in companies that are listed on a New Zealand stock exchange or unlisted companies.
Contact Corporate Manager Kingfish Limited Tel +64 9 4840352