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.
- Forums
- ASX - By Stock
- TEK
- Ann: Net Tangible Asset Backing August 2023 with commentary
Ann: Net Tangible Asset Backing August 2023 with commentary, page-4
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TEK (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $52.23M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 13.0¢ | $48.56K | 373.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 426827 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 75883 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 426827 | 0.130 |
7 | 589000 | 0.125 |
5 | 173333 | 0.120 |
1 | 30000 | 0.115 |
1 | 150000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 75883 | 2 |
0.140 | 243460 | 4 |
0.145 | 816829 | 6 |
0.150 | 155556 | 2 |
0.155 | 474156 | 3 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
Featured News
TEK (ASX) Chart |
The Watchlist
INF
INFINITY LITHIUM CORPORATION LIMITED
Ryan Parkin, Managing Director & CEO
Ryan Parkin
Managing Director & CEO
Previous Video
Next Video
SPONSORED BY The Market Online