Despite substantial buying by directors and buybacks, a large SP-NTA gap seems to be a permanent feature of this fund. There could be stronger anti-gap measures. For example, the buyback's SP-NTA gap target is 10%. Why not zero?
If the fund was liquidated then shareholders would receive the NTA, which is sometimes nearly 20% more than the SP.
The SPP announcement of 21/08/19 states that "The Directors are fully committed to furthering the best interests of all shareholders." In my opinion this should mean that at every AGM there would be a vote on liquidating the fund. Either the gap would disappear, or game over.
Despite substantial buying by directors and buybacks, a large...
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Last
$3.09 |
Change
-0.040(1.28%) |
Mkt cap ! $1.932B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.11 | $3.08 | $1.119M | 361.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2710 | $3.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 11026 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LSF (ASX) Chart |