Lack of premium in ops is no doubt the original purchase price coming into play, but a great play for long term holders imo.
Looks as if LIN could hit blue sky phase after 30c, and at that point the LINOC should gallop a bit faster.
I can understand the desire to buy and convert them, rinse and repeat. It gets some of the cheap stock off the table and into the share registry proper, and cash into the coffers.
Yesterday's ann to me just said 'plenty more where that came from'
Also a big technical buy here: http://barchart.com/opinions/stocks/LIN.AX
ann out, page-66
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Last
10.0¢ |
Change
0.009(9.89%) |
Mkt cap ! $115.2M | |||
| Open | High | Low | Value | Volume |
| 9.3¢ | 10.3¢ | 9.0¢ | $277.3K | 2.897M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11994 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 309523 | 2 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| LIN (ASX) Chart |