@Lyzaqu
the last company that I invested in has a gross margin of less than 20% is SIG at 54c, which generated some $800m revenue, which is called scale.
Another stock I am currently holding is SGI which generated some $65-70m sale a year, its gross margin is 28%, its market cap is $8m backed by both assets and cash ... as a comparison, bank charges them 3.6% on an $8m loan facility from my memory vs 10% for LPE
so you have a large end of town, you have a small end of town.
I am not saying LPE is a dead cat, but the current shareholders will have very little chance of gaining anything in my opinion.
A good indicator would be one of its top holders, Defender Equity/Woodville, I know them in person, they are some investment/equity accountants, they hardly lose anything, they have been cutting their holdings on LPE.
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.32M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.5¢ | $98 | 727 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 440640 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 22138 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40640 | 0.125 |
5 | 575979 | 0.120 |
2 | 459782 | 0.115 |
1 | 100000 | 0.110 |
2 | 5550 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 35 | 1 |
0.135 | 146067 | 3 |
0.140 | 101840 | 2 |
0.145 | 504641 | 4 |
0.150 | 488000 | 5 |
Last trade - 10.04am 27/09/2024 (20 minute delay) ? |
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