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.
The previous buyback would have expired. This is a new buyback,...
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Last
$3.18 |
Change
-0.010(0.31%) |
Mkt cap ! $1.979B | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.20 | $3.17 | $544.4K | 170.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24284 | $3.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.18 | 6875 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LSF (ASX) Chart |