At least the ship has stabilised - for a while!
My view is that I have probably lost my money. For all that I would recover if I sold I think it is better to hold ( and hope).
The company has been badly mismanaged but there is still potential value in the holdings. Like Kyle I seriously doubt there was a JV partner in the offing. If there was they would have demanded unacceptable conditions. LRS is down and out and has no negotiating power.
I believe the best outcome would be a takeover. If competent managers were confident they could realise value in LRS then it would be good to send the current management packing and install a competent team.
Ann: Reinstatement to Official Quotation, page-5
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Last
16.0¢ |
Change
-0.010(5.88%) |
Mkt cap ! $440.9M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 15.5¢ | $2.223M | 13.72M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 672740 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 2427372 | 44 |
View Market Depth
| Last trade - 14.43pm 16/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |