Hey guys,
tough day/s on the share market...but this is when great opportunities present themselves! As for LVT holders, it seems that at least one 'sophisticated investor' has recognized this: a purchase of 5,700,000 shares that exceeds LVT's 4 week daily average (4,431,546) was made. The days weighted average price was 19.5 cents (market cap ~171 million), and was lower than the IPO price of 21 cents (market cap ~57 million). But this is off-set by the announcement 'ARR has grown 130% in the last year and is up 7.6x in 2 years'.
| Price $ | Volume | Value $ |
| 0.18 | 58440 | $10,519.20 |
| 0.185 | 2384493 | $441,131.22 |
| 0.19 | 10480200 | $ 1,991,238.02 |
| 0.195 | 887154 | $172,995.05 |
| 0.2 | 2373739 | $474,747.82 |
| 0.21 | 693977 | $145,735.19 |
| 0.22 | 280179 | $61,639.40 |
| 0.23 | 1133003 | $260,590.71 |
| SUM = | 18291185 | $ 3,558,596.62 |
| AVERAGE PURCHASE PRICE = | $0.195 |
| Largest purchase = | 5,700,000 (0.19) | $1,083,000.00 |
With purchases this large and such positive announcements, I cant help but wonder if the price is being held and pushed down by high wealth individuals to squeeze those of us who are concerned by the economic implications of the coronavirus out. Unless insiders know something the public doesn't?
I increased my holding today despite my hesitance. You can't see the bottom 'till it's passed, but dat ass is looking especially fine at the moment, I needed more.
Any got arguments to put my paranoia to rest?
I hope that my assessment of this company wasn't misinformed. Best of luck with your portfolios.
(20min delay)