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LSF

1.59%

$3.10 l1 long short fund limited

Reality check 2, page-3

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peejay2

5,145 Posts.

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06/01/21

10:50

Post #: 49972826
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Originally posted by Transcender: ↑

What is it that non-holders think they are doing by going into every thread and talking about things they understand next to nothing about.
THIS IS A PUNT FUND. Pure and simple.
They have had a fantastic 6-12 months which puts them upper quartile 3/6/12 months.
The NAV has now passed the high water mark and they are going to charge the fee that was disclosed they would charge at listing.
BIG WOOP.
If you want 30% returns, you pay. If you don't want to pay then go away and get your vanilla returns!!
If you don't want to pay fees buy an ETF.
They are not doing anything that hasn't been discussed before, so if you didn't know they were going to charge, do some homework!
If you don't own and are just posting crap, please just go away, we don't want you here and my ignore button is doing unneccessary overtime.

For those with some understanding couple of good things to come out of the announcement. Fee has already been accrued in the NAV, so all good there.
Starting on the 11th they have 60 days to spend what on the face of it is about $30m. Kind of explains why the buy-back has bought so few over the last week.
As long as US senate vote doesn't mess things up, thinking the $2 wall will be gone by this time next week.

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Agree. You pays yer money and you takes your chances ! I am 25% up on one lot and 30 something up on another. It all has to do with confidence in the manager together with your timing (and I’m NOT a trader). Those returns (even if they were spread over two years) are not something to be sneezed at.
Why have a dog and bark yourself ?

LSF Price at posting: $1.93 Sentiment: Hold Disclosure: Held
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