it's 5-6 weeks from release of 1H results. Last september was a mixed bag in MS small-cap sector but some firms incl LCM did well. Overall this time around i see few firms matching earnings for PCP but may be surprised. LCM has already indicated Ist half EPS will be modest. Anyone willing to have a punt? Over the period leading up to results and esp in last 2-3 weeks expect some sharpish changes in SP of small-caps. Funds do their estimates and adjust accordingly. LCM has recovered well from lows a month ago up over 30c.
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