So they have got over $46m (ie $66m at 70%) to purchase shares on market over the next 3 months - that is the equivalent of almost 35% of the trades over the last 2 months. I assume also that in that time they will announce an increased dividend with all the profits and franking credits they have generated. Surely the share price is going to get close to pre tax NTA of $2.83 - if they can't buy the shares on market over the next 2 months they have to buy them at $2.83 so it is obviously in their interest to buy them at any price up to that. Time will tell.
Ann: LSF Performance Fee Reinvestment, page-2
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Last
$3.13 |
Change
0.030(0.97%) |
Mkt cap ! $1.948B | |||
| Open | High | Low | Value | Volume |
| $3.12 | $3.13 | $3.09 | $1.139M | 366.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12616 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.13 | 29873 | 3 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LSF (ASX) Chart |