TEK thorney technologies ltd

5.00%

9.5¢

Ann: Net Tangible Asset Backing June 2024 with commentary, page-3

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cutty

3,760 Posts.

486

12/07/24

17:36

Post #: 74731671

Originally posted by Wazz101: ↑

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
Expand
They are obviously cooking the books.

Someone would have looked over this for the obvious instant profit scenario.

It has to be the unlisted assets. They are obviously way over stretched.

Both funds are an absolute disgrace.

Every holder needs to make as much noise as possible to end this cash cow for Alex.

TEK Price at posting: 12.5¢ Sentiment: None Disclosure: Held

2 Upvote

0 Great analysis

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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¢	$42.74K	448.5K

Buyers (Bids)

No.	Vol.	Price($)
1	12000	9.3¢

Sellers (Offers)

Price($)	Vol.	No.
9.6¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	12000	0.093
2	333926	0.092
1	209000	0.091
1	200000	0.090
1	34494	0.086

Price($)	Vol.	No.
0.096	100000	1
0.097	40000	1
0.098	20000	1
0.100	80000	2
0.105	100000	1

Last trade - 15.28pm 16/06/2025 (20 minute delay)

TEK (ASX) Chart

Ann: Net Tangible Asset Backing June 2024 with commentary, page-3

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	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%

Ann: Net Tangible Asset Backing June 2024 with commentary, page-3

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