Yes given the earning ratio it isnt adding up now. Perhaps it is just a large dump from a major holder... Or a bot keeping it down (quite possible ive seen this quite a lot lately)..so they can accrue for a runup.
But given the new jobs being announced i cant make sense of it either. My avg of two parcels is 16.5 ish but will be holding to add when the stupid selling stops. Not before. And to think a week ago low 18s was the buy on earnings guidance! Having a look across my watchlist everything is starting to look a little to highly burnt, so the Christmas run up as some predict may not be far.
Looking across a 5 year chart we got this low at the end of the gfc sell off. So seems decent levels for buying.
LEI Price at posting:
$15.70 Sentiment: Hold Disclosure: Held