yeah its fallen from key support
strange
maybe theyre looking to make an official bid for CCL or something ???
Other than that fundamentally nothing has changed
im thinking the instos will / might get back in b4 or on window dressing in the next 10 days
Why not??? Its prob one of the best defensive plays on the market and the forwars PE aint too high for the earnings certainty of the products they sell in a recession.
If the market tanks again and re-tests the low, LNN should hold up from this point easily!
I cant see much risk from these levels and unlike most coys, their earnings are slated to GROW in these tough times ala MTS for example or WOW.
its a short term or long term buy from this point in my opinion
I reckon the fundies will buy more, possibly for the window dress
It just needs to break $8.00 on the close one of these days
- Forums
- ASX - By Stock
- LNN
- what is appendix 3b & 3y
LNN
lion nathan limited
what is appendix 3b & 3y, page-12
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)