Just proves that in a vast number of circumstances, a company's SP is almost irerelevant.
My attitude investing over the past 50 years is to ignore it and rely almost entirely on MC.
I'm not saying i'm right, just my policy.
There are many financial and non-financial issues that can substantiate the MC and can provide some insight on what that MC should be.
In order to determine what the SP should be, the first thing (of many) to look at is the MC and only then decide if the SP is relevant to your strategy.
Just my opinion, but thanks for your input Gareth.
I bought into LRS back in 2017 when the MC was around (if my fading memory is right) $20M and that was why i bought in.
LRS General Discussion, page-4997
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Last
16.3¢ |
Change
-0.008(4.41%) |
Mkt cap ! $475.9M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $1.247M | 7.761M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 506279 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1551722 | 28 |
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| Last trade - 10.22am 18/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |