Show me an example of an Australian LIC that narrowed its discount meaningfully by buying back stock? Ultimately it reduces liquidity and shrinks the universe of potential buyers - decent sized advisers will not look at a small LIC as to hard to get client set and impossible to exit quickly if needed without taking a massive haircut. Better alternatives are higher dividends and more disclosure (weekly NTA not monthly).
Buy-back mythology
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Last
91.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.32M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1762 | 91.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.5¢ | 6724 | 2 |
View Market Depth
| Last trade - 11.30am 04/12/2024 (20 minute delay) ? |
| FPC (ASX) Chart |
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