Given the fact that short sellers are taking advantage of the recent decline in earnings compared to the previous year but that doesn't impact the fundamentals. That is short by $5 mil but at least their revenue is up. Based on the management's half-year results, they acknowledged buyers are wary of builders going bankrupt and the management is taking advantage of acquiring more lands when there is a huge downside. This is like the classic be greedy when others are fearful.
I can foresee that short sellers are going to up their stakes by pushing down the stock price. Management has the ongoing inflows of consistent money and they have a good CFO to manage their accounts.
They have 2 strong pipelines this year and next year it's going to be even bigger. With the scarcity of properties being available out there and prices going through the roof, I do believe the buyers' sentiment will pick up again around the Christmas period.
- Forums
- ASX - By Stock
- LIC
- Potential short squeeze?
Potential short squeeze?
-
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LIC (ASX) to my watchlist
|
|||||
Last
$8.89 |
Change
-0.010(0.11%) |
Mkt cap ! $1.077B |
Open | High | Low | Value | Volume |
$8.89 | $9.07 | $8.83 | $2.378M | 267.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 545 | $8.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.89 | 1061 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 545 | 8.880 |
8 | 1367 | 8.870 |
7 | 2396 | 8.860 |
3 | 1542 | 8.850 |
4 | 6616 | 8.840 |
Price($) | Vol. | No. |
---|---|---|
8.890 | 1208 | 10 |
8.900 | 2389 | 19 |
8.910 | 1708 | 6 |
8.920 | 589 | 5 |
8.930 | 1118 | 3 |
Last trade - 15.07pm 08/08/2024 (20 minute delay) ? |
Featured News
LIC (ASX) Chart |