You are right about it being a weird company ( LCE) they are party to suing the auditors of Penrice which disappeared a few years ago. If memory serves they lost around $6 million there but have done well here. I always wondered why a very small company would remain listed. I would have thought it cheaper to take it private. They have flirted at the edges of financial services and held a stake in Tranzact for a while before it was sold.
As regards Acorn they are a hard ask to understand I just don't even get why they would hold a stake here. Surely it's holding a stake in a competitor and in a financial services business why would you choose to do that.
FID Price at posting:
$4.55 Sentiment: None Disclosure: Held
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