Thesis TrackerHurdle Rate
Companies discussed, last 12 months
0 companies, monthly, latest action on the rightNo commentary in the last 12 months.
Commentary
31 Aug 2025Hurdle RateCAFExitThe manager exited their position in Centrepoint Alliance, noting the company reported 13% revenue and 30% profit before tax growth at a 22% ROE with 66% free cash flow growth, but that the stock has re-rated significantly to trade far closer to fair value. The manager notes guidance of 8-13% EBITDA growth for next year at an earnings multiple of 19 times means the dividend yield no longer justifies it over other opportunities, and exited with a 44% IRR since initial investment 18 months ago.
31 Aug 2025Hurdle RateAFLHeldThe manager continues to hold AF Legal Group, noting the company reported 27% revenue growth for FY25 (11% organic) with legal defence fees and software implementation costs elevated as one-off items. The manager notes indicative ROE using normalised profit has increased from 8% to 11%, a positive sign of improving capital efficiency, and that commentary suggests momentum has continued into July and August providing confidence of more growth ahead.
About Hurdle Rate
Not Specified, Not SpecifiedHurdle Rate is a name associated with Australian investment commentary and analysis, referencing the finance concept of a minimum required rate of return that an investment must clear before a manager earns performance fees. Entities or publications using this name in the Australian market typically focus on educating or informing investors about fund manager performance, fee structures, and how hurdle rates are used to align manager incentives with investor outcomes. Given the generic and descriptive nature of the name, detailed, independently verifiable information about a specific fund manager operating under this exact name is limited in public sources.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.