yes in the perfect world we get our 20c per share for lngl. And...

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12/03/20

19:25

Post #: 43458118
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Originally posted by mwilson25: ↑

I think most portfolios are being decimated. Some more than others of course.

However, if (and its a big if) the TO goes through their is a distinct window of opportunity to redeem a fair bit of our LNGL losses - as you correctly observe because their are many good opportunities going cheap. I am suddenly loving LNG9.

There is significant real world damage being done to many good ASX listed companies as the world goes into lock down. Even assuming most avoid bankruptcy the damage to these businesses is going to be long lasting and recovery will be years not days or months.

Can you imagine where QAN or WEB will be in 6 months given we are still locked down? Should be able to snap em up cheap at some stage.

I think that Australia can now only try to keep the Corona cases manageable to avoid people being turned away from treatment. But I cant see control measures keeping new cases to zero. For this reason its going to drag on and on disrupting commerce for some time - months at least.

Prepare for further market capitulation in the view of this little black duck..

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yes in the perfect world we get our 20c per share for lngl. And can start buying flightcentre and other travel companies mid to end of the year and make up some losses from lngl in the coming say 3 years. But unfortunately we don’t live in a perfect world.

btw. Gregs poor performance is under the radar now with all the mayhem. Lucky barstool

LNG Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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yes in the perfect world we get our 20c per share for lngl. And...

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