Exiting the retail market is a smart move. Getting customers to move to Ergon ( state owned and run ) is required in order to stop the retail sector losses effecting Embedded margins. Either the customers stay and get a greater than 100% increase or they move the the QLD funded Ergon.
LPE will receive back funds set aside with the authorities for those customers and then remove their hedge.
No hedge is perfect. No one could have picked this QLD spike in prices in what is normally a quiet period.
If the SP was 20c I would have exited. However, at 5-6c, the cash set aside is much larger than the market cap. The embedded customers also have a value that can be on sold. The equipment does need refunded, but the value of the customers ( even at fire sale price more than covers that ).
Changing my sentiment to hold until I see what the trading halt is for.
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.72M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.5¢ | $1.237K | 10.75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 91731 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 481702 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 91482 | 0.115 |
4 | 1363012 | 0.110 |
4 | 120135000 | 0.105 |
2 | 70250 | 0.100 |
1 | 100000 | 0.084 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 282890 | 3 |
0.125 | 166967 | 4 |
0.130 | 224234 | 4 |
0.135 | 300086 | 3 |
0.140 | 250000 | 1 |
Last trade - 15.15pm 24/07/2024 (20 minute delay) ? |
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