For anyone that closely follows closed funds, like LICs and LITs, share buybacks rarely have any long term benefit to closing the gap. Rather, they seem to be a short term fix, mainly to calm a rising tide of disgruntled investors. My guess is they already knew there was a growing chorus of people wanting the fund to be wound up or converted. The VGI staple have been an utter disaster for the last 6 odd years.
Ann: Commencement of Increased On-Market Buy-back, page-8
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Last
$1.94 |
Change
0.020(1.04%) |
Mkt cap ! $564.1M | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.94 | $1.93 | $549.8K | 283.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 47107 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 4560 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| VG1 (ASX) Chart |