yep their energy exposure killed them in feb/March so the downside protection didn’t work.
they have been underweight tech which has hurt them the last couple of years.
but last month was their best ever (23%) and if one believes value will outperform over the next few years, as I do, then their new portfolio position is looking good I think.
The urgency to get the share price back to the nta is just to appease short term Shareholders. In many ways a slower reversion with a buyback is more accretive for holders with a longer term horizon.
Ann: Monthly Investment Report April 2020, page-8
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Last
$3.14 |
Change
0.010(0.32%) |
Mkt cap ! $1.966B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.17 | $3.13 | $459.6K | 145.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10488 | $3.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 647 | 2 |
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| LSF (ASX) Chart |