Don't you think the expensive management contract takes some of the value out of this stock? I have long thought that they like churning assets because of fees - you don't as shareholders get all the upside but in the short-term, you can get all the downside. I know we would have to pay for management but the fees look much higher than if management was internal.
I like the company but not sure I like the management contract but as I like the portfolio I accept that it's a bit pricey as an investment because of their cut.
I don't think those valuations take into account their incentive the company has to pay when TLT is sold.
Don't you think the expensive management contract takes some of...
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Last
$9.89 |
Change
0.240(2.49%) |
Mkt cap ! $9.650B | |||
| Open | High | Low | Value | Volume |
| $9.75 | $9.94 | $9.64 | $15.36M | 1.556M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4048 | $9.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.92 | 5103 | 1 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| IFT (ASX) Chart |