Australia's largest stock trading and investment forum Australia's #1 stock forum

LSA

Click for more information

1.52%

6.5¢ lachlan star limited

From what I can find out, Roger (& Jackie) is still invested -...

First 35 Last

Share
Profile

Follow
kn0way

906 Posts.

147

12/06/21

08:57

Post #: 53808359
Share

Originally posted by Need10Bags: ↑

They are owned by Roger and Linda Steinepries. They are the old holders from the previous regime and been in LSA when it was still a shell.

From what I can see, they get in on shells. Do CRs get lots of shares... once that shell gets an acquisition they sell out without waiting for whether the acquisition will blow up or not. It's been their patter with AVZ and TAR and probably a few others if you dig further.

Once acquisition is on, they will sell and move on to the next shell. In AVZ, they were out after the Manono acquisition early 2017 in the 3c range before it went over 30c. TAR I think they got out in the teens in 2017/2018 before it moved to 30c after that.

Not sure if it will happen here, but all i can say is once the selling pressure is gone after they exit, it can be very interesting.

View attachment 3258599

Expand

From what I can find out, Roger (& Jackie) is still invested - Ranchland.
His brothers David and Gary, and their wives & family members inc Linda - Croesus, et.al. have sold out.
I am happy to stand corrected.

Last edited by kn0way: 12/06/21

LSA Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 4 more messages in this thread...

First 35 Last

Add LSA (ASX) to my watchlist

(20min delay)
Last 6.5¢		Change -0.001(1.52%)		Mkt cap ! $13.49M

Open	High	Low	Value	Volume
6.6¢	6.6¢	6.5¢	$8.94K	136K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
7.3¢	25000	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.066
1	234000	0.065
1	100000	0.053
2	101540	0.050
1	230000	0.049

Price($)	Vol.	No.
0.073	25000	1
0.075	45810	1
0.080	275626	3
0.082	50000	1
0.090	61338	2

Last trade - 15.49pm 01/05/2024 (20 minute delay)

LSA (ASX) Chart

SPONSORED BY