They don't take the buyback seriously. For example when the discount was huge a year or two ago they only bought back less than 1.5% of shares in one financial year. Now that the discount has contracted they haven't bought back shares for months, even though the buyback is technically in place.
Still not such a bad LIC to own though, but don't expect a renewed buyback to close the discount further. If the discount does close from here it will probably be just investors jumping on the recent past performance bandwagon.
Ann: Weekly NTA estimate - 15.3.19, page-8
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Last
$2.02 |
Change
0.010(0.50%) |
Mkt cap ! $359.1M | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.03 | $2.01 | $180.8K | 89.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7902 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 62759 | 1 |
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| Last trade - 15.53pm 03/07/2024 (20 minute delay) ? |
| ALI (ASX) Chart |