@spider195 I agree and would love to see a well composed...

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Bundy_Too

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19/10/23

12:06

Post #: 70425229
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Originally posted by spider195 ↑

And yet, if the NTA (as calculated by TEK) rises by say 30% in the next year, they will pay fees (roughly) of:
$1.8m mgt fee
$6.5m performance fee
= $8.3m total fees
= 16% of the current market cap!

This would be paid regardless of what happens to the share price. And regardless of the fact that even if it rose 30% the nta would be about 34c before tax, which would be 35% less than what it was in October 2021. And this can keep going on forever. If the fund falls 30% and rises 30% every year, they would continue to rip out those sorts of performance fees, until the share price ends up at 0. Insane.

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@spider195 I agree and would love to see a well composed question put to Alex at upcoming AGM and see what his reply would be.
With his performance fee the way it is the SP is always going to be well below NTA.

TEK Price at posting: 13.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 9.5¢		Change -0.005(5.00%)		Mkt cap ! $35.89M

Open	High	Low	Value	Volume
9.6¢	9.6¢	9.5¢	$21.78K	227.9K

Buyers (Bids)

No.	Vol.	Price($)
3	220575	9.5¢

Sellers (Offers)

Price($)	Vol.	No.
9.7¢	40000	1

View Market Depth

No.	Vol.	Price($)
3	220575	0.095
1	12000	0.093
1	83926	0.092
1	209000	0.091
1	200000	0.090

Price($)	Vol.	No.
0.097	40000	1
0.099	16949	1
0.100	80000	2
0.105	100000	1
0.110	30000	1

Last trade - 10.37am 16/06/2025 (20 minute delay)

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@spider195 I agree and would love to see a well composed...

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@spider195 I agree and would love to see a well composed...

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