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$2.89 l1 long short fund limited

We have all been burned - LSF, page-39

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harryainsworth

29 Posts.

4

13/12/18

17:27

Post #: 36851195
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Originally posted by 6186mark: ↑

I thought I would add to the discussion. I bought into this partly due to the discount to NTA.

From the chart below (for roughly the last 3 or 4 months) which I have created myself, you can see that the NAV (pre-tax) has been broadly tracking the decline in the ASX200 index (as good an index to use as any although I accept it may not be the one they are trying to track). I accept this is not good considering they claim to be only about 65% net invested. But not terrible given the interesting times in which we live.

But what is more startling is the fall in Share price (the Blue line) which is falling way below asset value.

When criticising the management it's probably fairest to criticise them on the drop in NAV, not the fall in SP.

Expand

Can you replicate the same graph from April? I'm curious why you chose just 4 months? Would almost think you're a fund manager!

LSF Price at posting: $1.29 Sentiment: Sell Disclosure: Held
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(20min delay)
Last $2.89		Change 0.020(0.70%)		Mkt cap ! $1.798B

Open	High	Low	Value	Volume
$2.89	$2.93	$2.88	$2.409M	830.6K

Buyers (Bids)

No.	Vol.	Price($)
1	14346	$2.89

Sellers (Offers)

Price($)	Vol.	No.
$2.91	6050	1

View Market Depth

No.	Vol.	Price($)
1	14346	2.890
6	50599	2.880
5	40779	2.870
2	40735	2.860
7	62945	2.850

Price($)	Vol.	No.
2.910	6050	1
2.920	16050	3
2.930	19144	4
2.940	50000	2
2.950	18628	4

Last trade - 16.10pm 18/09/2024 (20 minute delay)

LSF (ASX) Chart