LFG 1.34% $3.69 liberty financial group

Ann: Update - Dividend/Distribution - LFG, page-19

  1. 885 Posts.
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    I had no trouble getting 10,000 either, but at a bit higher price than current.

    After reading the report (which had a bit too much virtue signalling for my liking) I'm nevertheless convinced that the current financials support a materially higher share price, so I will add another 10,000 shares in due course. However, my concern now is that the shares have been dropping whilst the general market has been in a mini bull run, which I expect to reverse over the coming days. So I am on the horns of a dilemma... get in today before any big players have had time to digest the report, or keep my powder dry to see if the market falls out of bed.

    Something has made LFG very unpopular of late and blaming it on liquidity is false reasoning. If a stock is popular but illiquid it shoots up, it doesn't erode steadily. I kept expecting to see a notice showing that some institution or large holder was selling, but it hasn't happened. Does anyone know the short selling profile on LFG? I was even suspicious that some kind of manipulation might be going on to allow accumulation at low levels, but that kind of conspiracy theory is overworked on Hotcopper. Something has been going on, (we'll probably never know what), but hopefully the trend will start to reverse now that it appears things are not especially dire and we should still be on a very healthy yield.
    Last edited by mooroolbark: grammar 09/11/22
 
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$3.69
Change
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$3.74 $3.74 $3.62 $61.87K 16.70K

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No. Vol. Price($)
1 269 $3.69
 

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Price($) Vol. No.
$3.82 2000 1
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