LSF 2.31% $3.10 l1 long short fund limited

Ann: On-market share buy back, page-10

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    "if the LSF share price trades at a discount to post tax net tangible asset backing per LSF share (NTA) of 10% or more."

    Reading lesson 101:
    "post tax" means post tax NTA only.

    But why worry about it. A buyback is unlikely at the moment while both the NTA and the SP are at record highs.

 
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