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Thorney Opportunities Limited

Fund Manager: Thorney Investment Group
Inception Date: Dec 01, 2013

Thorney delivers record dividend

The Australian - Sep 03, 2018

Listed investment company Thorney Opportunities Fund has delivered a record final dividend to shareholders despite posting a 45 per cent drop in net profit for the 2018 financial year. The fund, led by chairman and rich-lister Alex Waislitz, posted an after-tax profit of $11.1 million for the year, compared with the $20.2m it recorded in 2017. Despite the lower profit, shareholders will receive a 0.9c per share final dividend, up 38.5 per cent on last year’s final dividend, bringing the full-year payout to 1.5c. The company’s net tangible assets per share came in at 75.7c as at June 30, up 6 per cent over the 12-month period. NTA growth was held back by the LIC’s investment in poppy grower TPI Enterprises, Mr Waislitz said. [More]

Billionaire investor Alex Waislitz in considering launching a listed property fund modelled on his successful investment companies Thorney Opportunities and Thorney Technologies. Mr Waislitz, who has made his $1.39 billion fortune from investing in ASX-listed small and mid cap companies, has been increasingly shifting his attention to the property industry in the past few years. His private Thorney investment group currently lends about $20 million to property developers and small companies in which it has an interest, and has a substantial property portfolio of its own in Australia and offshore, particularly in the US. [More]

Thorney gives a TOP performance

Intelligent Investor - Nov 29, 2016

As listed investment companies (LICs) are required to report their net tangible assets (NTA) monthly - with many reporting more often than that, such as weekly or even daily - their AGMs are usually boring affairs. Refreshingly, however, Thorney Opportunities (TOP) - which is owned by our Eureka Report Listed Investment Companies portfolio - is a bit different, with chief executive Alex Waislitz inviting the CEOs of some of TOP's investments to present at each AGM. This year he invited the CEOs of OneVue Holdings (ASX:OVH), TPI Enterprises (ASX:TPE) and Service Stream (ASX:SSM) to make presentations. [More]

Billionaire Alex Waislitz has called in Bell Potter to raise up to $125 million for Thorney Technologies, a listed investment company with an issue price of 22c a share and a market capitalisation of up to $131.1m. Thorney Group, chaired by Mr Waislitz, will be the fund manager, as it is with another ASX-listed investment firm, Thorney Opportunities. It will hold about 20 per cent of Thorney Technologies issued capital following the float, seeding the new fund with holdings in Adacel Technologies, OneVue, Webjet, NextDC, Hub 24, iSelect, Updater and Anatara LifeSciences. [More]

Following the best investors & small market ...

Steve Green from - Nov 06, 2016

This is a guest post from Steve Green. Steve is a full-time investor with a focus on LICs, event-driven and activist investing. You can follow some of his ideas at his investment blog at If you were at a barbeque with some investors who were amongst those who had some of the best performance figures, you would be tempted to ask what they have been buying and listen very carefully to their answer right? Yet at times in the LIC space we have access to such resource ... [More]

Alex Waislitz’s Thorney lifts asset backing

The Australian - Aug 03, 2016

Thorney Opportunities (TOP) has narrowed the gap between its share price and net tangible assets as it posted a 77.5 per cent increase in annual net profit to $16.6 million. The company’s NTA per share at June 30 was 60.8c, up 16.7 per cent over the 12-month period, almost in line with the 60c share price. Given further strong rises in the share prices of some of Thorney’s core portfolio companies during July, the NTA is expected to be higher when an updated number is released to the ASX this week. The company, founded by billionaire Alex Waislitz, declared a fully franked final dividend of 0.6c per share, up 20 per cent. TOP’s star-studded backers include Fairfax Media chairman Ron Walker, former Macquarie Group chief executive Allan Moss and retail king and shopping ­centre owner Marc Besen. [More]

TOP tips blowtorch for portfolio underperformers

The Australian - Mar 28, 2016

Billionaire Melbourne investor Alex Waislitz has signalled plans to turn up the heat on two of the underperforming investments held by his Thorney Opportunities-listed investment company, admitting that TOP’s investment in one was made “too early” in the resource cycle.   TOP continues to hold almost a quarter of its portfolio in cash after in February posting a half-year net profit of $7.217 million, up 86 per cent on the previous half-year result of $3.877m. But the result was largely driven by the strong share price performance of two of TOP’s portfolio positions, NBN contractor Service Stream and smash repairer AMA Group. [More]

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