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14.0¢ thorney technologies ltd

@spider195 I agree and would love to see a well composed...

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Bundy_Too

4,274 Posts.

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19/10/23

12:06

Post #: 70425229
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Originally posted by spider195 ↑

And yet, if the NTA (as calculated by TEK) rises by say 30% in the next year, they will pay fees (roughly) of:
$1.8m mgt fee
$6.5m performance fee
= $8.3m total fees
= 16% of the current market cap!

This would be paid regardless of what happens to the share price. And regardless of the fact that even if it rose 30% the nta would be about 34c before tax, which would be 35% less than what it was in October 2021. And this can keep going on forever. If the fund falls 30% and rises 30% every year, they would continue to rip out those sorts of performance fees, until the share price ends up at 0. Insane.

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@spider195 I agree and would love to see a well composed question put to Alex at upcoming AGM and see what his reply would be.
With his performance fee the way it is the SP is always going to be well below NTA.

TEK Price at posting: 13.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 14.0¢		Change 0.000(0.00%)		Mkt cap ! $56.49M

Open	High	Low	Value	Volume
14.0¢	14.0¢	14.0¢	$54.09K	386.3K

Buyers (Bids)

No.	Vol.	Price($)
1	161230	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
14.0¢	8535	1

View Market Depth

No.	Vol.	Price($)
1	161230	0.135
4	106846	0.130
4	330000	0.125
1	30000	0.120
1	20000	0.105

Price($)	Vol.	No.
0.140	8535	1
0.145	40000	2
0.150	1008125	6
0.155	454156	2
0.160	630490	7

Last trade - 14.04pm 10/05/2024 (20 minute delay)


Last 14.0¢			Change 0.000 ( 3.70 %)
Open	High		Low	Volume
14.0¢	14.0¢		14.0¢	12255
Last updated 14.04pm 10/05/2024 ?

TEK (ASX) Chart