This might be all you need to know when looking at the NAV performance of LSF in recent months.
(Credit Suisse)
So remembering we are looking at a long-short fund, primarily long value and short growth (= momentum in this diagram), then it is easy to see how LSF would struggle. For the record, LSF's NAV has declined by 7.7% over this period.
The Share Price performance is something else of course, and I'll be looking at them soon to make some sort of announcement of a buy back or similar to allow us to redeem at nearer NAV.
What we really need is a "risk-off" moment when everyone piles out of high p/e stocks and into safer low-growth stocks. It will happen one day, I just can't predict when.
This might be all you need to know when looking at the NAV...
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Last
$2.98 |
Change
0.000(0.00%) |
Mkt cap ! $1.854B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.00 | $2.97 | $903.3K | 302.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14962 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 4640 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$2.98 |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $2.98 | $2.99 | $2.97 | 30413 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| LSF (ASX) Chart |