LOM 6.90% 6.2¢ lucapa diamond company limited

I don't think Lonrho PLC will be spending any more money with...

  1. 216 Posts.
    I don't think Lonrho PLC will be spending any more money with LOM. You can have a crack at me later if I'm wrong, but why do I think this?
    Firstly, as a cornerstone shareholder the last 6 years their percentage stake in LOM has declined since 2008/9 which is disappointing in some respects
    -2009 25.3%
    -2010 20.9%
    -2011 was 17% now 14%
    Secondly knowing how important the capital raising was to LOM as a cornerstone investor I would have anticipated firstly an announcement that they were taking part in Nov ( to encourage the retail punters ( you and I ) or failing that taking up their contribution anyway. Neither happened.
    Thirdly they need the working capital and they have other fish to fly (couldn't resist that ) with there airline FLY540.

    I think we are more likely to see new blood on the top 20 register in 2012, which is a good thing. LOMs recent partial capital raising and its lifeline for the moment looks to have been mainly smaller shareholders putting their hands in their pockets (that includes me).


 
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Last
6.2¢
Change
0.004(6.90%)
Mkt cap ! $17.98M
Open High Low Value Volume
5.9¢ 6.2¢ 5.8¢ $31.24K 528.6K

Buyers (Bids)

No. Vol. Price($)
2 19953 5.9¢
 

Sellers (Offers)

Price($) Vol. No.
6.2¢ 76587 4
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Last trade - 13.45pm 28/06/2024 (20 minute delay) ?
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