FID and London City Equities, page-3

I had a look at LCE - interesting situation (as well as FID they have an investment in ECL and exposure to a legal action against Ernst & Young). LCE are also "controlled" by another listed entity called Imperial Pacific Limited (IPC).

The concern I have re LCE is that there is no liquidity. Three trades in the last twelve months totaling 11,100 shares or circa $4,400...... Hence no arbitrage opportunity IMHO.

But the fact they have invested in FID (and are very long term holders) speaks volumes about FID - IMHO.

Best to all FID holders.

BSP

NFA, DYOR, IMHO etc.