Following on from my earlier post yesterday on May's...

Following on from my earlier post yesterday on May's numbers....

I have now crunched the announcement of this morning and at 12.5c, the month end discount was 53%. This must be some kind of record, so congrats Alex and everyone.

So in very simple terms, $56m is lost by having the fund as a closed ended investment company, rather than an ETF, trading at NAV.

I wonder how many shares you would have to own to force that change through the board? - suggest we start to canvass the secretary to ask way they dont ?

and see if we can find anyone with deep pockets?

- invest $50m to make $50m, not a bad deal!



when you look at the all time low of 12c, the discount rises to 55% - is there a league table????

	TEK -							31/01/24	30/06/24
1								Total Fund	Total Fund
2	no of shares							404,807,427	397,786,983
3	NAV Per Unit post Tax							0.281	0.2660
4	SP								0.1250
5
6	total assets							113,750,886.987	105,811,337
7	Market Cap							62,745,151	49,723,373
8	Listed					66.0%			69,835,483
9	Unlisted					31.0%			32,801,515
10						3.0%			3,174,340
11
12	Discount - total $	$						51,005,735.802	56,087,965
13	Discount - %	%						44.8%	53.0%

Wazz