Kingfish investors flying high

Investment company Kingfish's original investors have made a 29 per cent gain in the nine months since the company listed, buoyed by big rises for Pumpkin Patch, Metlifecare and Freightways.

Kingfish invests in smaller companies. It began in March last year with a $58.5 million float and is now capitalised at about $72 million.

It said the net asset value of its shares rose 10.1 per cent in the December quarter alone.

Kingfish chairman Rob Challinor said the increase in the value of the company was "substantially ahead of the benchmark".

The value of Kingfish shares and warrants from the initial public offering was $1.29 last month, up 29 per cent on its $1 issue price.

- NZPA