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.
FID and London City Equities, page-3
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Last
$7.45 |
Change
-0.020(0.27%) |
Mkt cap ! $234.5M | |||
| Open | High | Low | Value | Volume |
| $7.48 | $7.51 | $7.45 | $113.4K | 15.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1010 | $7.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.50 | 3415 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FID (ASX) Chart |