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...
Add VG1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.89 |
Change
0.000(0.00%) |
Mkt cap ! $571.7M | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.89 | $1.87 | $944.7K | 502.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12531 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.89 | 105630 | 3 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.89 |
Change
0.000 ( 0.53 %) |
||||
| Open | High | Low | Volume | ||
| $1.88 | $1.89 | $1.88 | 33409 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| VG1 (ASX) Chart |