lrf v shady looking ann, page-4

The market's currently voting with their feet on this one. Discount to NTA now blown well out to 25%.

I think the approach taken sends a poor signal to the market: the business will accomodate annoying shareholders in a manner that benefits that shareholder in a manner not available to the smaller holders.

Although I think LRF has been well managed, I am not impressed by this approach and have written to the board advising this.

MJS