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.
I had a look at LCE - interesting situation (as well as FID they...
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