I am no judge of where share prices are going but I think it has just been sold down along with the whole sector in the expectation of rising interest rates. Other than a 10% kick in 2018 we have to wait until 2028 for rental income to adjust to fair market rates so this is a long term investment. I missed this morning's decline but prices below $4.00 are a buying opportunity in my eyes.
Maybe today's recovery is related to short termers looking for another Caledonian takeover approach after their substantial shareholder notice. Personally I don't want to be bought out except at a much higher price than this as I hope to be around in 2028.
LEP Price at posting:
$4.19 Sentiment: Hold Disclosure: Held
