As I've written at much higher prices, there is no thesis here.
Investing in TGP is like investing directly in HPI and TOT but paying Tony & team 1.5% management fees plus a 15% performance fee. Why do this when you can just invest directly in those stocks and not pay any performance fee.
In addition, neither HPI or TOT are at prices that I would deem to be attractive.
So why would anyone invest?
Ann: Notification of cessation of securities - TGP, page-8
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Last
61.0¢ |
Change
0.025(4.27%) |
Mkt cap ! $139.5M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 61.0¢ | 60.0¢ | $11.04K | 18.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 4999 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| TGP (ASX) Chart |