Latest NAV
Latest NAV
Date
5 March 2010
NAV
$0.8737 (after deducting 1.84cps dividend payable)
Comment
The unaudited net asset value per ordinary share of the Company as at 5 March 2010 was $0.8737 (3 March 2010: $0.8877). The unaudited diluted net asset value per ordinary share as at 3 March 2010 was $0.8327 (3 March 2010: $0.8420). This diluted net asset value describes the effect if all warrants in existence (BRMWB) were exercised today at $0.75. At 5 March 2010, 50,294,649 warrants remain to be exercised on the following dates:
Tuesday 25 May 2010 , Tuesday 24 August 2010, Tuesday 23 November 2010, Tuesday 22 February 2011, Tuesday 24 May 2011, Tuesday 23 August 2011 and Thursday 27 October 2011 (Final Exercise Date).
The net asset value for 5 March 2010 is after deducting an accrual for 1.84 cents per share dividend to be paid on 19 March 2010. The net asset values per share are after including accruals for any performance fee payable to the Manager and after deducting treasury stock (shares acquired under the Barramundi buyback programme).
The five largest portfolio holdings at 5 March 2010 are approximately as follows:
Pipe Networks Limited 13%
Pharmaxis Limited 10%
Arrow Energy Limited 9%
Aevum Limited 7%
Toxfree Solutions Limited 7%
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