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.
For anyone that closely follows closed funds, like LICs and...
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Last
$1.94 |
Change
0.015(0.78%) |
Mkt cap ! $562.7M | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.94 | $1.93 | $440.5K | 227.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 33397 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 54430 | 5 |
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| Last trade - 14.42pm 05/07/2024 (20 minute delay) ? |
| VG1 (ASX) Chart |