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0.63%

$3.17 l1 long short fund limited

Or people that want out could sell at market prices

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TheCapatilist

4,246 Posts.

109

15/01/21

12:41

Post #: 50194212
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Originally posted by Esmer: ↑

SP stuck below the $2 IPO barrier. Maybe LSF isn't doing enough to reduce the SP-NTA gap.

LSF could offer to redeem shares at $2.05, with a short cutoff period and no limit on the number of shares redeemed. The $2 barrier would immediately become history and there would be good publicity for LSF. Disenchanted IPO holders would be able to walk away with their heads held high. All remaining holders would benefit because every share redeemed would increase the NTA. Management would benefit more than most because of their large holdings. Everybody happy.

Next, the Performance Fee buying period could be reduced from three months to one month, followed by recommencement of the buyback. A dividend could be declared. If the SP gets stuck again, LSF could offer another round of redemptions, for example at $2.15. Then maybe set up a mechanism to trigger redemptions every time the NTA gets 5-10% above the SP.

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Or people that want out could sell at market prices

LSF Price at posting: $2.01 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $3.17		Change -0.020(0.63%)		Mkt cap ! $1.973B

Open	High	Low	Value	Volume
$3.18	$3.19	$3.14	$1.550M	489.2K

Buyers (Bids)

No.	Vol.	Price($)
1	10000	$3.14

Sellers (Offers)

Price($)	Vol.	No.
$3.17	37504	2

View Market Depth

No.	Vol.	Price($)
1	10000	3.140
5	53033	3.130
3	26172	3.120
2	6172	3.110
8	21257	3.100

Price($)	Vol.	No.
3.170	37504	2
3.180	26000	1
3.190	39640	5
3.200	34544	3
3.210	12999	3

Last trade - 16.10pm 24/06/2024 (20 minute delay)

LSF (ASX) Chart