Managed Funds Navra distribution

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

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  1. lorrimer

    lorrimer Well-Known Member

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    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
     
    lorrimer, 31st Dec, 2007
    #1
  2. Cheeks

    Cheeks Member

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    The "word on the street" was 3%
     
    Cheeks, 31st Dec, 2007
    #2
  3. Redwing

    Redwing Well-Known Member

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    Yep, Believe 3% is locked in

    Has been posted on here a few times though by others Lorrimer?
     
    Redwing, 31st Dec, 2007
    #3
  4. 24724

    24724 Well-Known Member

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    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
     
    24724, 11th Jan, 2008
    #4
  5. Smartypants

    Smartypants Well-Known Member

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    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
     
    Smartypants, 11th Jan, 2008
    #5
  6. hillsguy

    hillsguy Well-Known Member

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    Ditto ... thanks Steve !
     
    hillsguy, 14th Jan, 2008
    #6
  7. OLI__

    OLI__ Well-Known Member

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    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.
     
    OLI__, 14th Jan, 2008
    #7
  8. hillsguy

    hillsguy Well-Known Member

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    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.
     
    hillsguy, 14th Jan, 2008
    #8
  9. gazza

    gazza Well-Known Member

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    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%).
     
    gazza, 14th Jan, 2008
    #9
  10. Simon Hampel

    Simon Hampel Founder Staff Member

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    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.
     
    Simon Hampel, 14th Jan, 2008
    #10