Interesting to see Collins St kept buying up to 95c.
Does anyone know their process well? They don't appear to publish any updates or commentary on their Fund.
I assumed they were a deep value manager and they might have been viewing LCA as a deep value asset play (which has played out). However if they are buying at current levels they must see more "value" in the returns that the business produce long term - which is how I view LCA.
LCA Price at posting:
92.0¢ Sentiment: Buy Disclosure: Held