Rick
You say that something must be wrong or LGL is heavily undervalued. I agree LGL is undervalued by the SP, but if LGL never provides any return to the shareholder many, including large investment companies like Brickworks, see no point or value in holding shares, no matter what the company is worth. This leaves LGL only with traders who makes money on periodic movements in the SP, and they too are losing patience (if they ever had any). Nevertheless, history shows that LGL does move within a $2-4 range.
how many shareholders imagined ...., page-11
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Last
$1.70 |
Change
-0.165(8.85%) |
Mkt cap ! $227.6M | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.71 | $1.70 | $22.86K | 13.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 584 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.75 | 417 | 1 |
View Market Depth
| Last trade - 12.46pm 17/10/2024 (20 minute delay) ? |
| LGL (ASX) Chart |