Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Kingfish investment portfolio shows 6% return

Kingfish investment portfolio shows 6% return in first quarter

The Directors of investment company Kingfish Limited are delighted with the 6.21% increase in Net Asset Value achieved in the first three months since listing on 31 March 2004.

“Kingfish’s Net Asset Value was $0.9684 after issue expenses”, said the company’s Chairman, Rob Challinor. “As at 30 June 2004 the NAV had risen to $1.0285”.

“The investment portfolio comprised 74% New Zealand share market investments and 26% cash, reflecting the success the manager, Fisher Funds, has had in achieving their target stock positions in a relatively short period”.

Mr Challinor added “The present combined value of Kingfish shares and options for those investors who participated in the IPO is $1.05 compared with the issue price of $1.00, representing a 5% gain in three months”.

“As at 30 June 2004, there were 17 stocks in the Kingfish portfolio, two of which are listed on the NZAX. The four largest portfolio positions, comprising 40% of the portfolio, are Freightways, Metlifecare, Turners Auctions and Waste Management”.

Although the Manager has investigated a number of unlisted companies for inclusion in the portfolio, no unlisted companies had been introduced to the portfolio as at 30 June 2004.

The Manager has advised the Board that it is comfortable with the current portfolio composition and expects further investments to be made as opportunities arise.

Investors are encouraged to register for regular email updates on the Kingfish Limited web site,

© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news