If you look at the performance vs the index since inception the performance was going ok until mid 2018.
They then missed most of the upside through 2019 and then fell just as hard as the market through the crisis and then again failed to bounce like the index in this latest rally.
The wash-up is that investors in the IPO are down 10% vs if you invested in the index you would be up 55%. Thats a big differential which is why the shares are trading at a large discount to NTA. I have been riding LSF up since their discount got to a substantial discount but the LSF portfolio is much better positioned for this market to my thinking than PGF which is stopping doing the same strategy with PGF.
Ann: Monthly Report - 30 April 2020, page-5
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Last
$2.28 |
Change
-0.010(0.44%) |
Mkt cap ! $934.0M | |||
| Open | High | Low | Value | Volume |
| $2.31 | $2.31 | $2.27 | $565.2K | 246.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50066 | $2.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.29 | 4000 | 1 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| PGF (ASX) Chart |