See: > TEK - Thorney Technologies - Cheat Sheet
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Geoff Wilson popularized "buying a dollar for 80 cents" regarding ASX CEF discounts, and this misleading and simplistic phrase rarely has worse consequences than when considering Thorney Technologies (TEK) where you can buy a dollar for less than 70 cents! TEK has existed since 2017 and its founder, Alex Waislitz, is a billion dollar rich lister who throws extravangant parties that apparently help shield him from criticism within the finance industry. In this post, I explain just how wrong-headed this thinking is about CEF discounts and why TEK's discount deserves to be gigantic and, if things stay the same, only get bigger over time.
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TEK is proof of the "buying a dollar for 80c" scam among ASX LICs
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.22M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 5000 | 1 |
View Market Depth
| Last trade - 16.21pm 31/07/2025 (20 minute delay) ? |
| TEK (ASX) Chart |
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