tech sector is not performing well in the past 6 months. Many...

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LT_Investor

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25/08/21

07:19

Post #: 55544578
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Originally posted by JPjpJPjpJP: ↑

In Australia, you must disclose any substantial holding in a company of over 5%, then any incremental 1% on a T+2 basis. This then gets disclosed to the whole market. 5% of LVT is a mere $7m and the incremental 1% is only $1.4m. That’s tiny for instos. So given the lack of disclosures, that clearly isn’t occurring.

If you are planning a takeover, then any holdings via derivatives like swaps must be included in aggregate holdings and reported if > 5%.

In November, all derivatives must be aggregated with any normal equity holdings and disclosed if total is > 5%, so will be even easier to see accumulation.

I’ve said it before as a holder of LVT and I’ll say it again as a current non-holder, to try and dispel some of the comments about accumulation above.

Accumulation is NOT done in lite volumes on a stagnant share price. Additionally, if accumulation from a big player was occurring, they’d be over 5% and forced to disclose. It’s just not occurring at the moment.

Look at the share price just before Fidelity declared their substantial. That is what share px and volume does when someone big is accumulating.

I agree that LVT is quite possibly heavily undervalued at the present, but it’s been written off the radar off instos at the moment. It’s been written off for reasons that many posters have discussed here. Hopefully that changes soon on the back of strong growth. If it does, you’ll realise what accumulation looks like as share price moves aggressively north.

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tech sector is not performing well in the past 6 months. Many tech stocks from my list are either cosolidating or start to push up 200ema. Have a look at EVS , AR9 etc. Been on a downtrend for months but revert lately.
I hope lvt is the same after releasing the annual report as the sp been touching the 50ema. Further note, i havent seen t20 selling so it is a good thing.
There are very short term retail traders, on and off the register in couple of days.

LVT Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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tech sector is not performing well in the past 6 months. Many...

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