its abit more complicated because the NAV drops as well due to LSF's $ being used to repurchase shares.
the point is that it gives the remaining shareholders a bigger % of the future upside of dividends, and it also should help the SP return to NTA
overall a good idea given the discount (IMO)
Ann: Capital Management Update, page-19
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Last
$3.10 |
Change
0.070(2.31%) |
Mkt cap ! $1.929B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.10 | $3.02 | $1.247M | 407.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8211 | $3.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 30708 | 4 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LSF (ASX) Chart |