IEV of $133M is not total revenue. also forecasting $22M management fees in FY24.
the Results call was enlightening - terms of investment are improving, starting 6 months ago, so that management fees and performance fees will improve as a proportion of total returns. that means that IEV is not everything.
costs being cut, with cash costs down from $99M to $90M next year. bad IRR for fund 4 has already improved as a result of completions this FY.
plenty to like for those that are patient.
fair value reporting to be watched I agree, but it is done by their peers, and if used to boost sale prices for secondary investments that will benefit shareholders.
IEV of $133M is not total revenue. also forecasting $22M...
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Mkt cap ! $324.9M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.22 | $1.09 | $1.605M | 1.386M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 2015 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.16 | 4757 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| $1.10 | $1.22 | $1.10 | 256074 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| OBL (ASX) Chart |