Reminds me of the walls of Troy which held out for ten years.SP...

Reminds me of the walls of Troy which held out for ten years.

SP has been bubbling in the $1.90's for three weeks. Post-tax NTA appears to be consolidating above $2.30, stretching the SP-NTA gap again. If this continues, post-tax NTA might have to rise above $2.35 before the NTA elastic catapults the SP through the $2 barrier.

AUD is strong at the moment. Strong AUD adversely affects LSF's NTA because it reduces the AUD value of LSF's overseas investments. AUD has gradually strengthened ever since the sharemarket bottom in March.

LSF's performance has recently been impressive anyway despite the strong AUD.

AUD may reverse its present trajectory when USA and European economies pick up speed with vaccines being rolled out. Also, LSF's investments should rise as economies improve.So, the outlook is positive even without a wooden horse.

Meanwhile, my calcs indicate that post-tax NTA may be subdued for the next few days, fluctuating around $2.30 with daily moves probably less than 2 cents up or down.