I particularly like the buy back strategy given the sp discount vs asset value … reducing shares and adding value to those left. 150m down to 146m SOI so far.
In saying that there’s a flow of sellers and what appears to be a market maker with there small parcels and automated buy / sell loading ( not sure what they think there achieving given the buyback takes most shares daily ) …. I guess it allows LSX to maintain steady buying without driving the price up too much yet. Noticed in the presentation dividend in April now although determined in February, may see increased volumes from those not patient to wait.
I have been adding myself as I suspect the dividend will be a reasonable amount 3 to 5c my guess. GL Mike with your accumulation.
LSX Price at posting:
47.5¢ Sentiment: None Disclosure: Held
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