All the points you raised are what I am thinking.
The zero benchmark for performance fees has no justification. Like you said, it could be just tied to the bank rate plus a percentage rate - like others employ.
It seems to me they are confusing performance fees for management fees. Anyway, I highly doubt they will amend their current fee structure.
I will just have to weigh up whether I continue or sell.
There seems to be too many compelling reasons to sell at this stage.
Any thoughts on the letter sent out?, page-6
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Last
$1.75 |
Change
-0.015(0.85%) |
Mkt cap ! $432.7M | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.77 | $1.74 | $365.1K | 209.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | $1.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 12000 | 2 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| VG1 (ASX) Chart |