my thinking is, for some reason, this Company does not trade on fundamentals; why not?
it can only be two reasons
1) the fundamentals are really not that good, and it is priced correctly 2) announcements are of no value - and fundamentals need to be 'in your face' - and I guess only on a half yearly, where the metrics I snipped above really are in Mr Market's face
Let us say Lumos builds up to making $5 mill a year in actual profit with NIL debt; then it cannot be priced with a market cap of $23 mill; or if it is priced like that, then us punters are happy as we buy more and more
So, is Lumos heading to become a profitable company... or headed for 'oops, we went bankrupt'; Mr Market has it priced at a 50/50 outcome
LDX Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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