LPE is in managements hand, after the performance shares have been issued it will be about 2/3 - 70 % they hold. Good to defend any low ball t/o if they stick together but impossible to stop anything the remaining sh don't want.
Assuming they want at least 10c for their shares we shouldn't be too worried as long as they learn from their mistakes such as the last CR.
Option issue at 2.5c end of June seems unlikely as they could buy now for less. On the other hand a great opportunity for directors to buy shares and provide extra cash for the company if they manage to drive the sp above 2.5c by then.
But despite all the possible negatives the LT outlook is extreme positve.
LPE is in managements hand, after the performance shares have...
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $23.42M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.5¢ | $15.5K | 100K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 272931 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 81644 | 3 |
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| Last trade - 10.37am 04/12/2024 (20 minute delay) ? |
| LPE (ASX) Chart |
