Compared with the previous monthly report (for August), longs have decreased from 57 to 55, and shorts have increased from 22 to 27. Ratio of longs to shorts is now 2 to 1, a smaller ratio than average. The report states, "we have significantly reduced our net marketexposure."
It is reassuring that LSF's net exposure has shifted further in favour of shorts, because markets seem to be trending downwards. Although the NTA is holding up reasonably well, LSF is still struggling to outperform the market - which may indicate that some of the shorts might have backfired. Their strategies appear to be well suited to current market conditions, so hopefully there will be some good outperformance in the next couple of months.
Tomorrow's NTA announcement should be positive as it will be for 5th Oct which was the second of two consecutive big market up days. Probably won't be as big a rise as todays 5.4 cents NTA rise.
Ann: Monthly Report - September 2022, page-3
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Last
$3.19 |
Change
0.050(1.59%) |
Mkt cap ! $1.985B | |||
| Open | High | Low | Value | Volume |
| $3.14 | $3.19 | $3.14 | $1.066M | 336.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24400 | $3.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.19 | 10857 | 3 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LSF (ASX) Chart |