Q: I recently came across some news about this company, namely that it had suddenly terminated a strategic review to maximize shareholder value, and instead has sold a $60M asset with the intention to distribute the proceeds (0.90 on a $1.35 share!) to its shareholders. You have just one (older) question on this company. Can you comment on it in general, and also specifically on this procedure: how this might benefit the company and what will happen to its valuation?
5i Research Answer:
LCX is quite small and shares have been struggling. Management was looking for a way to enhance...