lnc's reporting

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    I have "banged on" this forum regarding the 2 Singaporean based directors recently with reference to their impeccable credentials.
    I'm a nosy bugger and i still wonder whose interest these two represent.
    Since their appointment we have not heard from LNC board via the public announcement forum.
    We on hot copper have gotten used to the bid and offer style by which LNC has traded whilst on the ASX.
    I am beginning to wonder if in fact the recent appointment of the new directors required to gain qualification to list on the SGX maybe a watershed moment for LNC.
    Are we about to witness a change in reporting style?
    Perhaps, we are going to enter a new phase in reporting one that is more aliened with outcome certainty.
    In other words the constant announcements to drive the SP for short term gains may have now ceased.
    LNC boardroom approach maybe to include most of the daily commentary to a 3 month synopsis which is disclosed in the quarterly report.
    Those of you looking for bad news and good news as drivers to the shareprice may well be disappointed if we continue to hear nothing of the daily activities from our leader.

    So how is this going to affect things?
    Being the eternal optimist I reckon we can see Genting continue to mop up shares around the $1.45 to $1.55 mark.

    1) Eventually the selling will dry up at these levels.
    2) LNC may also attract new institutional support from the SGX
    3) There is no news to drive the share price lower or down from the nominated range that Genting continues the slow accumulation.
    4)Credit Sussie average price is also within the same range as Genting...I presume they are not sellers at these levels.
    5) The shorters are not prepared to take on Genting at these levels while the Multinational Conglomerate continues to buy up from the non believers.
    6)By March we could quite easily have a share price trading between $2.00 and $2.20 with no significant announcements.
    After all this has been the 1 year average share price for LNC on the ASX.

 
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