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.
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Last
$10.34 |
Change
-0.210(1.99%) |
Mkt cap ! $326.4M | |||
| Open | High | Low | Value | Volume |
| $10.43 | $10.43 | $10.33 | $5.261K | 506 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 288 | $10.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.58 | 33 | 1 |
View Market Depth
| Last trade - 10.31am 16/07/2025 (20 minute delay) ? |
| FID (ASX) Chart |