LLA has certainly had its problems & only just relisted from suspension. I believe it is worth reading the last half year report in particular the cashflow report. The P & L. statement is damaged by charges for asset impairments & writedowns but the cashflow paints a different picture. The recent ASX announcement refers to a recapitalization of the company by a capital raising after the completion of due diligence, so it is not without risk.
Given Opes selling & tax loss selling coming towards the end of June there will be pressure on the stock price, but it may present a window of opportunity if your research proves otherwise.
Whilst this stock will only receive limited funds, for all my other shares I post on please refer to my favourites list. Main emphasis is fertilzer/iron ore at present.
Regards
Buffett
PS No investment advice given on LLA please do your own research.
another cnp style play
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)