L1 Long Short Fund Sees Underlying Asset Value Rise

L1 Long Short Fund's Net Tangible Asset (NTA) per share increased to AUD 3.7964 pre-tax, with shares trading at AUD 3.91. Analysts maintain a Buy rating and a AUD 4.00 target.

Investors in the L1 Long Short Fund have fresh data to assess its performance, with the latest Net Tangible Asset (NTA) figures showing a positive move. The fund's regular disclosure of this metric provides a crucial benchmark for comparing its market price to the actual value of its investment holdings.

Steady Gains in Net Asset Value

According to the most recent update, the pre-tax NTA per share stood at AUD 3.7964 as of March 23, 2026. After accounting for estimated tax liabilities, the post-tax NTA was AUD 3.5437. This represents an increase from the AUD 3.7131 pre-tax NTA reported just three days earlier, on March 20. By publishing these numbers, the fund offers shareholders timely insight into the progress of its core portfolio assets, a key tool for evaluating whether its shares are trading at a premium or discount to their intrinsic worth.

Market Strategists Maintain Bullish Stance

The investment case for the fund remains positive, according to market researchers. Analysts continue to endorse the equity, reaffirming their "Buy" recommendation. Their price target for the shares is set at AUD 4.00.

Trading activity reflects this confidence. The stock closed the latest session at AUD 3.91, marking a daily gain of 1.30%. At this level, the share price continues to trade above the recently reported post-tax NTA, edging closer to the analysts' stated objective. For market participants, the consistent release of these asset values remains the primary gauge for measuring the effectiveness of the fund's strategy under current conditions.