LSF went XD on 18 March. Post-tax NTA is what each share is worth.
The SP is rising due mainly to three reasons:
- because the NTA has been rising sharply and is approaching its ATH, always a good sign.
- because the NTA-SP discount has been higher than usual, so buyers get more value than usual.
- because two of the directors have been buying on-market, which increases investor confidence.
Gold and copper prices are surging. A substantial part of LSF's current NTA rise is probably due to holding gold and copper miners. So, by buying LSF investors are effectively buying into gold and copper at lower prices than current prices, because LSF's NTA-SP discount is taking some time to catch up.
Ann: Net Tangible Asset Backing, page-3
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Last
$3.13 |
Change
-0.010(0.32%) |
Mkt cap ! $1.948B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.17 | $3.12 | $1.376M | 437.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12677 | $3.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 7171 | 2 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| LSF (ASX) Chart |