Reading through this now. Paragraph 4 they discuss the performance fee:
"The Company did not accrue any performance fee for the half-year ended 30 June 2020. The Company’s performance fee is structured with benchmark hurdles and a high-water mark. Therefore, based on the capital structure and debt drawn at 30 June 2020, the Company’s net assets would need to increase by approximately $49 million to trigger a performance fee in 2020."
I know this means that the underlying NAV has taken a hit, but this is a cash flow play. I think it is interesting that they have put it quite so high in the document though, possibly glancing on HotCopper every so often.
Ann: Half Year Report and Appendix 4D, page-2
Add D2O (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.46 |
Change
0.005(0.34%) |
Mkt cap ! $227.6M | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.46 | $1.44 | $70.61K | 48.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42537 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 5615 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.46 |
Change
0.005 ( 0.69 %) |
||||
| Open | High | Low | Volume | ||
| $1.45 | $1.46 | $1.44 | 13955 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| D2O (ASX) Chart |