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Navra distribution

Discussion in 'Managed Funds & Index Funds' started by lorrimer, 31st Dec, 2007.

  1. lorrimer

    lorrimer Well-Known Member

    Joined:
    4th Jun, 2006
    Posts:
    193
    Location:
    Brisbane, Queensland
    Last day of the year and nobody has yet asked the question.
    So here goes. Is Uncle Steve going to pay me my wages this quarter?
    There has certainly been lots of volatility but very little growth, so I imagine that there should be some trading profit to pay out. But how much?
    Happy, prosperous, and more importantly healthy new year to one and all,
    Lorrimer
     
  2. Cheeks

    Cheeks Member

    Joined:
    3rd Jun, 2006
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    Location:
    Karratha, WA
    The "word on the street" was 3%
     
  3. Redwing

    Redwing Well-Known Member

    Joined:
    9th Jun, 2006
    Posts:
    476
    Location:
    PERTH..WA
    Yep, Believe 3% is locked in

    Has been posted on here a few times though by others Lorrimer?
     
  4. Jayar

    Jayar Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    130
    The Eagle Has Landed !

    Good Morning,
    For all those anxiously awaiting their Navra income, my distributions for Q2 have just been deposited into the nominated bank account.
    Cheers
    Jayar
     
  5. Smartypants

    Smartypants Well-Known Member

    Joined:
    2nd Jun, 2006
    Posts:
    226
    Location:
    NSW
    Yep, my distribution also hit the account yesterday afternoon. Very nice. Now we just need a bit of growth to get that balance up again. Love ya Uncle Steve :D
     
  6. Here_To_Learn

    Here_To_Learn Well-Known Member

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    Location:
    Sydney
    Ditto ... thanks Steve !
     
  7. OLI

    OLI Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    96
    The unit price for the retail Aus Fund at the start of the last few quarters was:

    Jul-Sep 07 quarter - $1.12 (02 Jul 07)
    Oct-Dec 07 quarter - $1.14 (02 Oct 07)
    Jan-Mar 08 quarter - $1.08 (02 Jan 08)

    With the redemption price currently sitting at $1.03 (11 Jan 08) my LVR has increased from around the 60-62% mark to up over 68%. I'm hoping the unit price doesn't drop too much more because I've never experienced a margin call and BT margin loan has max LVR of 75%.

    Looking back over the history of unit prices the last time it dipped to $1.03 was only back in August (16/08/07) and it recovered fairly quickly. I don't usually take much notice of short term fluctuations in unit price so don't know why I'm watching it so closely now! :)

    But yeah, agree with the others - a bit of growth would be nice.
     
  8. Here_To_Learn

    Here_To_Learn Well-Known Member

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    15th Aug, 2005
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    Location:
    Sydney
    Just checked and LVR sitting on a tad over 60%. :eek:

    Leveraged Equities has a max LVR of 70% so hope unit price recovers real soon. Steve on holidays so difficult to get his view at this stage.
     
  9. gazza

    gazza Well-Known Member

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    214
    Location:
    Canberra
    Even though the max LVR might be 75%, I thought there is then a buffer on top of that before a margin call is made. Certainly that is the case looking at the paperwork with my Colonial margin loan, Max LVR 76%, margin call LVR 86% (current LVR a tad over 70%).
     
  10. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    Yes, most margin lenders have a 10% buffer for managed funds (although a few only offer 5%).

    Here is a chart of Navra AUS Retail fund versus ASX 200 index over the past 3 months:

    [chart=CC;XJO,NAV0001AU;last3;5;20080114]XJO,NAV0001AU[/chart]

    ... the fund is down because the market is down.

    It's all well and good hoping that the unit price recovers - but it's the market which is dictating the unit price in the short term ... so watch the XJO to get a feel for what the fund is doing.