They dont need a buy-back they need a wind-up.
There is around $1mill ($1,087,000 in the annual report) of annual expenses to run the fund and market cap is only $36.84mill.
This equate to an annual expense drag of nearly 3%. Lowering the number of shareholders to spread these costs over will only increase this annual expense drag 4% 5%??
Even if they are able to get decent alpha from stock picking this LIC structure is seriously sub-scale and getting even more sub-scale from a buyback. At least they are trying something though.
They dont need a buy-back they need a wind-up. There is around...
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Last
77.5¢ |
Change
0.030(4.03%) |
Mkt cap ! $69.43M | |||
| Open | High | Low | Value | Volume |
| 76.0¢ | 77.5¢ | 75.5¢ | $127.6K | 166.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 59688 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 424 | 1 |
View Market Depth
| Last trade - 15.44pm 16/06/2025 (20 minute delay) ? |
| ACQ (ASX) Chart |