News for Thorney Opportunities Ltd (TOP.AX)

Here is my medium / long term ASX LIC performance comparison of the most popular LICs against relevant ASX index ETFs. Some years ago, I set up a sharesight portfolio of a lot of the large, popular ASX LICs to see at a glance how their performance looked in terms of total shareholder return. Those…

A few factors in recent times have led me to reflect on whether some funds known for shareholder activism perform well. Sometimes it is ironic to see these funds trade at large discounts to NAV, yet often the activists have criticized other funds for this very reason. In Australia, we are close to a decade…

ersonal use only THORNEY OPPORTUNITIES LTD 1H22 Results February 2022 ... | February 20, 2022

Leading this fortnight's list of substantial holder trades on the ASX are a handful of large cap resources stocks.

Marley Spoon (ASX:MMM) shares crashed from over $3 to under $1 but Perennial tips they'll bounce back - having become a substantial holder

AustralianSuper increased its stake in Computershare (ASX:CPU) to 12.99% and in Orica (ASX:ORI) to 14.34%.

ASX fund managers are making substantial holder buys in gold stocks including Locksley Resources (ASX:LKY) and DGO Gold (ASX:DGO).

Last week Bevan Slattery bought another 2.9 million shares in IntelliHR for $667,000, taking his stake to 11.59%.

A recent AFR article reminded me once again about how ASX LIC performance fees are a very nice deal for the fund managers. The article quite rightly posed questions about how they are free to choose whatever benchmark they like. Then why they sometimes are rewarded substantially when the shareholders go backwards, and why there…

Wilson Asset Management became a substantial holder of Silk Laser (ASX:SLA), a company that runs brick and mortar laser clinics.

ASX fund managers are buying return to office stocks such as ServCorp (ASX:SRV) which operates services offices and is tipping people will return.

Nuix (ASX:NXL) has a new substantial shareholder in fund maanger ECP Asset Management which now holds over 5% of the company.

Cettire (ASX:CTT) gained a new substantial shareholder in Connecticut-based but Cayman-domiciled Cat Rock Capital which spent nearly $30 million.