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$1.43 duxton water limited

Ann: Half Year Report and Appendix 4D, page-3

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07/09/20

10:09

Post #: 47134290
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Originally posted by Tbeatts: ↑

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.

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There's no mention about ex-div & div payment date. I am a bit confused.

D2O Price at posting: $1.26 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.43		Change 0.010(0.70%)		Mkt cap ! $223.7M

Open	High	Low	Value	Volume
$1.43	$1.43	$1.40	$35.96K	25.44K

Buyers (Bids)

No.	Vol.	Price($)
1	12127	$1.41

Sellers (Offers)

Price($)	Vol.	No.
$1.43	14885	1

View Market Depth

No.	Vol.	Price($)
1	12127	1.410
1	4547	1.400
1	10000	1.395
2	8846	1.390
1	4400	1.385

Price($)	Vol.	No.
1.430	14885	1
1.450	14998	3
1.460	5000	1
1.470	3740	1
1.490	22575	1

Last trade - 14.16pm 06/06/2024 (20 minute delay)


Last $1.43			Change 0.010 ( 1.42 %)
Open	High		Low	Volume
$1.41	$1.43		$1.41	2203
Last updated 14.16pm 06/06/2024 ?

D2O (ASX) Chart