Barramundi NAV $0.6041 at 5 November 2008
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Barramundi Limited (BRM) | 1:37 pm, Thursday 6 November 2008 | BRM | 0.420 |
 -0.020 |
(-4.55%) |
Barramundi NAV $0.6041 at 5 November 2008
The unaudited net asset value per ordinary share of the Company as at 5 November 2008 was $0.6041. The unaudited diluted net asset value per ordinary share as at 5 November 2008 was $0.7339. This diluted net asset value describes the effect if all warrants in existence were exercised today at $1.00. At 5 November 2008, 49,446,684 warrants remain to be exercised at any time up to and including the 26 October 2009.
The net asset values per share are after including accruals for any performance fee payable to the Manager; and after deducting treasury stock and warrants acquired and subsequently cancelled under the Barramundi buyback program.
The unaudited net asset value per ordinary share excluding performance fees as at 5 November 2008 was $0.6041 (fully diluted $0.7339).
The five largest portfolio holdings at 5 November 2008 are approximately as follows:
Arrow Energy Limited 22%
Aevum Limited 9%
Pharmaxis Limited 8%
Pipe Networks Limited 7%
Centrebet International Limited 6%
BACKGROUND
Barramundi Limited is a listed investment company investing in smaller Australian companies listed on the ASX, and unlisted smaller companies. The investment portfolio is managed by Fisher Funds Management Limited, a specialist investment manager with a track record of successfully investing in smaller company shares. Barramundi began operating on 26 October 2006 when it allotted 100,000,000 shares and 49,999,958 warrants to applicants.
For further information please contact Barramundi Ltd, ph (09) 489-7074.
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