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Navra 2Q distribution

Discussion in 'Managed Funds & Index Funds' started by Chris.R_WA, 19th Dec, 2008.

  1. Chris.R_WA

    Chris.R_WA Well-Known Member

    Joined:
    7th Aug, 2006
    Posts:
    113
    Location:
    Perth, WA
    Well, its less than 2 weeks to go in the quarter...and we haven't had the obligatory thread on Navra distribution guesstimates.

    So I thought I'd kick it off (if we're still allowed to discuss, that is)...

    With the fund moving to cash, I would expect to recieve a cash rate distribution. With interest rates on cash rapidly falling, 6% is still available in some cases - so that would make 1.5% for the quarter.

    HOWEVER, in the process of moving to cash, the fund may have realised large losses that won't have been erased by the few weeks of stable cashflow.

    So my final guess...I have no idea, and am therefore going to go with 1.00% distribution :D:D

    Guess away...

    Chris
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Location:
    Sydney, Australia
    I think 1% may be a bit optimistic.

    Fund was down over 15% for the quarter when they went to cash. Since moving to cash, the fund has moved up less 0.3%

    (Note that by comparison STW is currently 27% down for the quarter).

    I suspect the distribution will be minimal this quarter.
     

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  3. JustB

    JustB Well-Known Member

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    15th Jul, 2007
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    Location:
    Sydney, NSW
    It would almost make more sense for there to be no distribution for this quarter. Paying out a distribution will only serve to further lower the unit price. There is already a mandatory instruction in place for series B warrant holders to use the distribution to pay down the loan, so why pay out a distribution at all? I'd rather see that money held within the fund for investment back into the market once the fund starts trading again...assuming of course that not every unit holder would redeem units in lieu of a distribution... :)
     
  4. seaview

    seaview Well-Known Member

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    NEWCASTLE
    Steve Navra mentioned 1% distribution over on Navraforum.
     
  5. Liverpool St

    Liverpool St Well-Known Member

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    21st May, 2007
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    Location:
    Sydney
    You have the option of rolling over back into the fund


    Bob