Yeah I think the complexity might've been an issue, plus there have been a lot of global LIC offerings lately.
It seemed like an interesting model, shame they couldn't get it up. The difference in fee structures between the two portfolios seemed odd to me (I emailed them and they said it was to make tracking the portfolio performance easier over time, but to me the fee differential kind of diluted their idea of it providing arbitrage between PGF/GO2025). The new securities also offered no DRP, also to make performance easier to track. In the end if you like their style it seemed better to just pick up more PGF at a slight discount - or wait for a larger discount - than go with the new fund.
Will they try a PGF capital raising now or just wait for better timing?
Ann: Withdrawal of Offer, page-4
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Last
$2.27 |
Change
0.020(0.89%) |
Mkt cap ! $1.062B | |||
| Open | High | Low | Value | Volume |
| $2.25 | $2.31 | $2.25 | $938.9K | 413.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6117 | $2.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.29 | 10198 | 3 |
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| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| PGF (ASX) Chart |
