Yes, they certainly seem to have a well planned and executed strategy, and the SP discount to their NAV appears rather excessive, but it provides a comfort buffer for investors.
They are already well cashed up, and when the Merdeka share sale and the settlements occur in Jan/Feb, they will be will be in a very strong position to progressively take some well-priced positions in the companies which they have been researching.
I'm in the process of switching funds from several individual companies into LSX, as I believe that 2023 will bring some challenges, including a significant recession and possibly severe financial constraints. LSX will have the cash, the expertise and the contacts to take advantage of the many opportunities which are likely to occur.
LSX Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
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