Another thing about LST. It was formed by the merger of LSG and AUS. Both companies were formed by the same people and had the same directors.
LSG were able to pay good dividends because they sold all their share of companies to AUS. It was all an accounting trick!
Now LST has no-one to sell to!
Big dividends are a thing of the past! You can only hope the SP goes up if enough suckers buy in. It was always difficult to sell any quantity of LSG or AUS shares as few were traded on a daily basis. Will LST be any different?
AGM Price at posting:
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