The previous buyback would have expired. This is a new buyback, for twelve months beginning on 1st June.
Previous LSF buybacks were only applicable if there was a NTA-SP discount. The declared target was to push the SP up to within 10% of the NTA. At the discretion of the directors, shares then continued to be bought back even after the SP had come within 10% of the NTA, so it is possible that this new buyback might help to close the NTA-SP gap. Tomorrow's webinar will probably mention if there has been any change to the buyback strategy.
The operation of the buyback adds to the NTA, by the amount of the NTA-SP discount for each share bought back.
Ann: Notification of buy-back - LSF, page-4
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Last
$3.10 |
Change
-0.050(1.59%) |
Mkt cap ! $1.938B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.16 | $3.10 | $1.067M | 341.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 34258 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 12739 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| LSF (ASX) Chart |