my thinking is, for some reason, this Company does not trade on fundamentals; why not?
it can only be two reasons
1) the fundamentals are really not that good, and it is priced correctly
2) announcements are of no value - and fundamentals need to be 'in your face' - and I guess only on a half yearly, where the metrics I snipped above really are in Mr Market's face
Let us say Lumos builds up to making $5 mill a year in actual profit with NIL debt; then it cannot be priced with a market cap of $23 mill; or if it is priced like that, then us punters are happy as we buy more and more
So, is Lumos heading to become a profitable company... or headed for 'oops, we went bankrupt'; Mr Market has it priced at a 50/50 outcome
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Last
4.0¢ |
Change
-0.003(6.98%) |
Mkt cap ! $24.20M |
Open | High | Low | Value | Volume |
4.3¢ | 4.3¢ | 4.0¢ | $96.72K | 2.314M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 450751 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 192614 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 79250 | 0.040 |
4 | 1323842 | 0.039 |
4 | 1163242 | 0.038 |
3 | 170000 | 0.037 |
2 | 400000 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 141176 | 3 |
0.042 | 245882 | 2 |
0.043 | 310038 | 3 |
0.044 | 275952 | 5 |
0.045 | 1002988 | 2 |
Last trade - 10.38am 04/10/2024 (20 minute delay) ? |
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LDX (ASX) Chart |