LGL had $3.10 target written all over it and if that failed the low $2.80 area. Now for the placement! Well if SBM were able to find fools to pay 41c for their shares that had only traded at that level for 3 days and for the 8 months prior averaged under 30c then LGL may surprise if their brokers have access to these fools! SBM management were real smart because they pumped her hard for 3 days and pushed the price up 50% and then had so called sophisticated investors buy up at a 15% discount to the pump high. LGL management aren't as smart as they have waited for the share price to drop 10% and will have to issue at around a 15% discount using the SBM issue for guidance which brings the issue price down to $2.90. I for one would be absolutely spewing (unless short) about this issue. I recall being long at $1.65 and them doing the exact same thing. The issue was around $1.50 but the share price was down around $1.30 within a few weeks. They couldn't have picked a worse time announcing this in a correcting market. Two weeks too late! If they get $3 they have done well!
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Last
$1.68 |
Change
0.015(0.90%) |
Mkt cap ! $205.0M |
Open | High | Low | Value | Volume |
$1.67 | $1.68 | $1.57 | $63.18K | 37.92K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 595 | $1.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.70 | 102 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 595 | 1.680 |
1 | 5000 | 1.520 |
1 | 1400 | 1.430 |
1 | 4815 | 1.415 |
1 | 700 | 1.400 |
Price($) | Vol. | No. |
---|---|---|
1.700 | 102 | 1 |
1.750 | 158 | 1 |
1.770 | 50000 | 1 |
1.800 | 277 | 1 |
1.950 | 3900 | 1 |
Last trade - 11.59am 30/09/2024 (20 minute delay) ? |
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