LPE 0.00% 16.0¢ locality planning energy holdings limited

Ann: October Operational Update, page-27

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  1. 1,801 Posts.
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    Let me also point to STL as a lesson learnt about 'getting in at very low prices' and reaping so called benefits of accumulating and harvesting in the LT. Recommended enthusiastically by a share advisory group which I WAS subscribing to, reporting one record quarterly revenue after another. Wondered why it was tanking but other holders said virtually the same thing, and gave me grief for my questioning their 'wisdom'. I hadnt got in at low prices and was impatient, and that I should take advantage of low prices and average down and accumulate as they were. Essentially the same refrain. Announcement yesterday after voluntary suspension for about 3 weeks, that it is under external administration. It is apparent management is to blame for this fiasco, and lack of oversight by authorities that apparently somehow allowed a coy to trade while it was virtually insolvent.

    No clever tricks about this, we are out of the loop regarding true nature of businesses. Its more luck. Who would have predicted as recently as a few moths ago that the SP would be as low as it is today. Certainly not last year. Why is the SP so low when everybody here says its very undervalued. What do those in the loop know that we dont. And btw those spruikers on the STL forum are pretty quiet or chastened, or somehow mysteriously were able to exit just before the TH.
 
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1 38359 15.5¢
 

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Price($) Vol. No.
16.0¢ 10587 1
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