It's "necessary" to have that clause. As the shareholder participating in the placement has a vested interest in the outcome of the vote.
A bit gobsmacked at the premium the shares are trading relative to NTA. It's rare, and usually at the top of a bull market, for a LIC to trade at a premium to NTA (and a 8% premium at that). Normally, it's a 10 to 20% discount to NTA. The latest month performance is -2.7% and appears they were effectively out of the market when the current bull run started and are now trying to play catch up with stocks that have already run hard. Recipe for a disaster methinks.
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Last
67.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $199.5M | |||
| Open | High | Low | Value | Volume |
| 66.5¢ | 68.0¢ | 66.5¢ | $64.12K | 95.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 67.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.0¢ | 44640 | 2 |
View Market Depth
| Last trade - 13.27pm 25/07/2025 (20 minute delay) ? |
| CDM (ASX) Chart |