On a side note I am surprised they issue new shares based on VWAP for the period. They are essentially diluting the NTA - disadvantaging mostly those who don't participate.
For the life of me, I am not sure why so many DRPs when it comes to closed funds are so poorly constructed.
There is only one model that should be followed.
When at a discount - buy on market to fulfil allocation.
When at NAV or above - issue new units.
It's crazy how poorly constructed most of these DRPs are - and most people would have no idea.
Like I stated before, Ophir recently issued new units at NAV under their DRP - despite the fact they trade at a significant discount.
Unlike vanilla stock DRPs - when it comes to closed funds you have to read the small print.
On a side note I am surprised they issue new shares based on...
Add LSF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.20 |
Change
0.030(0.95%) |
Mkt cap ! $1.991B | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.20 | $3.16 | $1.027M | 323.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5800 | $3.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.20 | 20775 | 2 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$3.18 |
Change
0.030 ( 0.49 %) |
||||
| Open | High | Low | Volume | ||
| $3.17 | $3.18 | $3.17 | 2201 | ||
| Last updated 12.57pm 04/06/2024 ? | |||||
| LSF (ASX) Chart |