Thorney Opportunities Ltd

ASX:TOP

Thorney Opportunities Ltd

ASX:TOP
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$0.640 (0%)
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#Bear Case
stale
ArrowTrades
Added 8 months ago
View author's company report

$TOP annual report out and the clown show rolls on... In the past 5 years the fund is down $163k and Management have been paid $22.7 million.96117436da648d8a9df4c17aa63cc419140426.png

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Valuation of $0.700
stale
Dominator
Edited 2 years ago

Valuation at 10% discount to NTA. Current discount over 30% based on the end of Feb 22 NTA report. A number of key long-term holdings in the portfolio released good half-year results from TOP's point of view. NTA also increased because of an increase in the carrying value of the unlisted Australian Community Media holding.

I am using a 10% discount to NTA as the valuation due to the high management costs of the LIC.

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