Ann: Net Tangible Asset Backing February 2024 with commentary, page-10

@jferraz

@IndexInvestor

Yeah, absolutely - the perf fee is still an exorbitant rort and the management fee is 50% too high.

Under pressure they changed the performance fee to include a high water mark but it needs to be referenced to the movement in the small ords.

Likewise the management fee at 150bps is too high.

Rather than bitch here, we should all write to the company secretary weekly to complain and look to submit questions at every broadcast / AGM etc s to why it is so high.

As big Jack Charlton ( RIP) used to say "put 'em under pressure"

Wazz