Although on small volumes, the price action is a bit worrying.
Many similar, profitable lenders are in a similar boat to LFG and have also been smashed of late (RMC,PPM,LFS).
There just appears to be no demand for these businesses...perhaps sellers/insto's are factoring in something sinister around the corner that i've missed here...
Or do these companies really deserve to trade on 6-8x PE after all?
LFG - General Discussion, page-22
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Last
$3.57 |
Change
0.070(2.00%) |
Mkt cap ! $1.081B | |||
| Open | High | Low | Value | Volume |
| $3.51 | $3.58 | $3.51 | $137.9K | 38.90K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13443 | $3.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.58 | 2304 | 3 |
View Market Depth
| Last trade - 14.56pm 09/09/2024 (20 minute delay) ? |
| LFG (ASX) Chart |