So I was left with wondering what today's close at 0.16 meant in...

So I was left with wondering what today's close at 0.16 meant in the context of what actually you are getting for that price, so I looked to see what you can do to try to estimate.

I can only model the top 5 listed stocks, which represent 28.5% of the fund and assume no change in weights since end of month, nor any changes in MV for the rest of the fund.

The top 5 are moving, DUG at 32%, CXL at 19% and CU6 at 16%, with the overall $ value being a positive of $4.5m

On that basis, the discount has risen from 44.8 to 45.2% - which equates to a scarcely believable $53m at a fund level.

	Code	Name	Exchange	Last	implied no of shares 31 Jan	MV	Weight % of Total Portfolio	Change			mv
1							now		31-Jan	31/12/23
2	AVH	AVITA MEDICAL INC.	ASX/AUD	5.280	1,711,680	9,037,670	7.9%	0.05%	7.9%	6.5%	$8,558,400
3	CU6	CLARITY PHARMACEUTICALS LTD	ASX/AUD	2.670	4,017,585	10,726,951	9.4%	1.13%	8.3%	7.1%	$9,280,620
4	CXL	CALIX LIMITED	ASX/AUD	2.030	3,880,913	7,878,253	6.9%	1.13%	5.8%	10.7%	$6,597,551
5	DUG	DUG TECHNOLOGY LTD	ASX/AUD	2.630	2,031,266	5,342,229	4.7%	1.20%	3.5%	3.2%	$4,062,532
6	IMU	IMUGENE LIMITED	ASX/AUD	0.110	34,125,266	3,753,779	3.3%	0.30%	3.0%	3.1%	$3,753,779
7
8						36,738,882	32.3%	3.8%	28.5%	30.6%	$32,252,883
9	TEK	fund price movement v underlying holdings SP movement				0.160	0.160	-5.88%	0.155	0.170	$4,485,999.47

	TEK -							31/01/24	22/02/24
1								Total Fund	revaluing listed only
2	no of shares							404,807,427	404,807,427
3	NAV Per Unit post Tax							0.281	0.292
4	Increase in listed top 5								4,485,999
5	total assets							113,750,886.987	118,236,886
6	Market Cap							62,745,151	64,769,188
7	Discount - total $	$						51,005,735.802	53,467,698.139
8	Discount - %	%						44.8%	45.2%

Not many other shares around being on sale to the tune of 45%

Wazz