Are you referring to 'performance fees' or 'trading profits?'.
Performance fees were only charged on their funds (TOT - $2.5M approx).
Trading profits - were from EP1 stake (~$9M), as well as IAP (which is unrealised). And I would consider trading profits more material for 360's performance.
To answer this - it would depend on your views on IAP (owned both TOT and TGP still owns 6.5%), as well as their digital assets (outside of GDC - still have a PE investment in fibre connex). On this last point - I anticipate a gain on exit - which was highlighted in the FY21 presentation (MTM valuation).
Re: high costs of doing business, I expect a significant reduction in headcount as they exit the public equities space, the head of the business left July-1, and company announcements reveal significant headcount rationalization for FY22
Are you referring to 'performance fees' or 'trading...
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Last
61.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $142.6M | |||
| Open | High | Low | Value | Volume |
| 61.5¢ | 62.5¢ | 61.5¢ | $24.48K | 39.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20792 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 40997 | 2 |
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| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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61.5¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 62.0¢ | 62.0¢ | 61.5¢ | 7268 | ||
| Last updated 14.20pm 17/05/2024 ? | |||||
| TGP (ASX) Chart |