I agree - I think LGL has more upside. Plus, since they are a cheaper share, you should look at what I call "proportional change".
Let's say you have equal dollar amounts of NCM and LGL. Say $25,000 worth (for the sake of this example).
For NCM, you'd have about 1000 shares (rounding off)
For LGL, you'd have say 10,000 shares. (once LGL reaches 2.50... ;) )
Now, while a percentage change would be the same for both in cash terms, the proportional change per tick is 10 times higher for LGL. In other words, each 1 cent that NCM goes up nets you $10, but for LGL, it would be $100. And the cheaper stock is more likely to rise (or fall) by a few cents, rather than NCM which would have to rise by a few TENS of cents for the same change in worth. If you see what I mean... :)
LGL is more likely to go up by 10 cents, than NCM is to rise by $1. That principle is why I don't hold shares such as RIO, IPL, etc. - I prefer cheaper shares but buy a lot of them. Bigger moves - but remember that it may be up OR down.
Overall, I think that LGL has more potential upside than NCM anyway, and if you look at it via the viewpoint above, then you stand to make more of a profit. Just my 'umble opinion.
Each to their own methods, and each to their own decisions, etc etc.
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Last
$2.11 |
Change
0.000(0.00%) |
Mkt cap ! $257.5M |
Open | High | Low | Value | Volume |
$2.11 | $2.11 | $2.10 | $309.9K | 146.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 85574 | $2.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.13 | 3000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 85574 | 2.110 |
10 | 254344 | 2.100 |
6 | 453784 | 2.090 |
2 | 169000 | 2.080 |
1 | 500000 | 2.070 |
Price($) | Vol. | No. |
---|---|---|
2.130 | 3000 | 1 |
2.140 | 11576 | 3 |
2.150 | 41049 | 8 |
2.160 | 76391 | 2 |
2.180 | 5000 | 1 |
Last trade - 15.26pm 18/09/2025 (20 minute delay) ? |
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LGL (ASX) Chart |