Australia's largest stock trading and investment forum Australia's #1 stock forum

LON

Click for more information

0.00%

13.0¢ longtable group limited

May I ask you one question why aren't the directors buying ?

First 79 Last

Share
Profile

Follow
lookatthis

869 Posts.

50

12/03/19

09:43

Post #: 37728790
Share

Originally posted by Bearwolf: ↑

So you are suggesting that a company with circa $80 million in assets, $50 million in sales and virtually no debt (current Longtable position) would be valued at about $10 million. Not terribly likely is it? I agree the current share price is equally as ridiculous but it's not happening on any real volume. Most likely old Primary Opinion sellers who thought they were going to make a fortune in 5 minutes. Or perhaps it is just some bigger guys shaking the tree to see what easy pickings fall off. Ask yourself this. Who would be selling at these prices and what would their motivation be? Selling before Wednesday is enusuring a major capital loss and also passing up the right to acquire shares at 20c. Seriously. Why would anyone do that other than to try and spook others into selling?

Expand

May I ask you one question why aren't the directors buying ?

LON Price at posting: 21.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 17 more messages in this thread...

First 79 Last

Add LON (ASX) to my watchlist