LSF have, and I am guessing continue to be invested in quite a few oil and gas companies and related businesses. They also have a portfolio centred around COVID recovery stocks. No big surprise when the market drops a couple of % because there are concerns about the Delta variant and the overall recovery story that the portfolio is going to do worse than market.
Have to remember crude oil prices dropped over 8% the same few days, same reason as above but also a rise in US crude inventories.
Both market movements and oil prices have subsequently recovered to previous levels, have to expect portfolio NAV will do similar.
10 cents is only a 3 or 4%. Should only be of concern if it was because they have the bigger picture wrong.
Doesn't seem like that is the case IMO
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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. |
---|---|---|
$3.13 | 29873 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 3.100 |
2 | 4500 | 3.080 |
1 | 15000 | 3.070 |
2 | 13000 | 3.060 |
2 | 29000 | 3.050 |
Price($) | Vol. | No. |
---|---|---|
3.130 | 27257 | 2 |
3.140 | 10500 | 2 |
3.150 | 54850 | 3 |
3.160 | 33333 | 1 |
3.180 | 16667 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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LSF (ASX) Chart |