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
$1.75 |
Change
-0.015(0.85%) |
Mkt cap ! $432.7M | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.77 | $1.74 | $365.1K | 209.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | $1.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 12000 | 2 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| VG1 (ASX) Chart |