I think instead of trying to lift the share price to close gap to NTA they are now trying to reduce the NTA to meet the share price.
I thought directors were buying again from 9th March maybe they have finally lost confidence in themselves?
I wonder if their intention to purchase shares "for so long as the share price of LSF on the ASX trades at a discount to
NTA" is legally binding
If they were confident now would be the time to buy because we have a big gap to NTA and everyone else is selling
L1 Owners share purchase program
The LSF executive directors and the other L1 Owners have advised the independent directors that they,
or entities controlled by them, intend to buy up to a further $30 million of LSF shares. Any share
purchases would only be made after the opening of trading on the ASX on 9 March 2020. The L1
Owners have advised that they intend to complete such acquisitions of LSF shares by no later than 11
August 2020.
I think instead of trying to lift the share price to close gap...
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Last
$2.98 |
Change
0.000(0.00%) |
Mkt cap ! $1.854B | |||
| Open | High | Low | Value | Volume |
| $2.98 | $3.00 | $2.96 | $959.2K | 321.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4388 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 93014 | 8 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.99 |
Change
0.000 ( 0.59 %) |
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| Open | High | Low | Volume | ||
| $2.97 | $3.00 | $2.97 | 36877 | ||
| Last updated 15.48pm 03/05/2024 ? | |||||
| LSF (ASX) Chart |