Have you looked at the recent project updates and financials for LUM Brotherit? Probably not.
Share price is more important than fundamentals IMO but when a has performed so badly and the chart looks so bad it is worth having a look at the fundamentals to see if the company has any potential for a reversal. IMO this company based on the last 2 quarterlies this company has a big chance of turning around and with time the share price will reflect this. $2.3mill revenue for the year and a loss of only around $233k for the past 6 months with a market cap of around $3.5mill $830k in the bank and $750k of work (cost price) being performed at any one time indicates to me that things are not that bad with this company. Large contracts are apparently being negotiated and the current management are proving to be honest to their word and market announcements, so far.
Any comments Brotherit?
LUM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
