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
The market's currently voting with their feet on this one....
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