Delisting completely to form an unlisted unit trust for Ellerston.
Brave move for a fund manager... as it will most likely lead to mass redemptions.
Here is hoping shareholders can continue to mount pressure on all LICs/LITs that continue to trade at significant discounts.
The structure is flawed and not fit for purpose. Here is hoping the revolution of ETMFs/ ETFs continue.
The continued reliance on overstating it's ability to prevent mass redemptions during market turmoil does not offset the structures inherent liquidity issues.
I wonder what LSF has in store for the continued discount... hopefully not just the standard buy back which achieves little.
Delisting completely to form an unlisted unit trust for...
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Last
$3.18 |
Change
-0.010(0.31%) |
Mkt cap ! $1.991B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.17 | $992.6K | 311.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 12444 | $3.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.18 | 24878 | 1 |
View Market Depth
| Last trade - 14.39pm 12/06/2024 (20 minute delay) ? |
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Last
$3.17 |
Change
-0.010 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $3.17 | $3.20 | $3.16 | 59441 | ||
| Last updated 14.58pm 12/06/2024 ? | |||||
| LSF (ASX) Chart |