From long experience, the problem with excessive performance fees is it correlates with greed, a desire to get rich by exploiting shareholders, a lack of confidence in being able to build genuine value by using talent to capitalise on a genuine business or investment opportunity.
Sooner or later, a more mainstream lower cost investment or business will compete away and reduce the value of your high fee investment.
The end game is then a zombie ASX listed vehicle trading at a substantial discount to NTA.
Ann: Quarterly Activities and Cashflow Report, page-12
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Last
$1.39 |
Change
0.000(0.00%) |
Mkt cap ! $217.4M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.42 | $1.39 | $144.1K | 103.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 5466 | 1 |
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| Last trade - 15.50pm 26/06/2024 (20 minute delay) ? |
| D2O (ASX) Chart |