LMA   

Potential of LMA'S new product stonebreaker

LMA was cited by Minister Tharman in his maiden speech as the type of  businesses that Singapore is trying to attract. 

 

bleed again, 250 lots sell down at 0.55, anyone got 0.55 today? quite a good entry though..

 

A double bottom is reversal quite likely for LMA. So buying at 0.545 may be a good entry for a fast punt.

 

Hi Jackjames... u have problem with biosensor ...... LMA is medical company , like Biosensor lah... not marine business!!!they have this u know... ;p

 

LMA will take some time before it runs up, possibly after March when share buy back kicks in.  

 

Hi Kitty, we are in the same boat supporting LMA as a worthy stock/company ;). I'm actually trying to get enough funds to buy another 5 or 10 lots @58cents to average down my price before the buyback kicks in. Just to sidetrack a little, since you mentioned SGX, i think it would be wise to invest in SGX after the bull ends and market crashes and the bear crawls in. This is because SGX will follow closely to STI since SGX fortunes will depend heavily on price and volumes of stocks.  

 

LMA is a victim of daily traders who trade on LMA - they must either buy or sell everyday.  The ultimate winners today are SGX (sve fee) and S'pore govt (GST). The contra  traders all lost $$$ based on the small volume transacted (3890 lots - not even 1/4% of float size).  Mike Ashton, the Director, will definitely make money coz price is $3l0 below IPO price of $880 per lot.  Unless there is a definite uptrend,  the contra buy-up traders will not join in the fun.   Let see whether the operators (who are  SJ members and  read the postings) will dare to continue with their game  of  selling  low,  hoping to buy lower when the LMA buy back scheme kicks in in March.

 

sounds good to me... the price should move tmr...

 

I believe once the company does a share buyback and price increases due to demand, many other investors will come into to buy too. That will prevent the "shorters" syndicate to sell down as demand to buy is much higher. The only freak accident that can happen is other buyers do not want to come in even after share buyback by company; but that possibility of a freak occurance is low, I hope.

 

Hmm ... 2 directors just bought some lots today!

Getting interesting everyday!!!

 

Mike Ashton, the new CEO purchased 500 lots @ 0.57 yesterday.

 

tradechancellor, perhaps u are right. Since they intend to go for share buyback, that is why they purposely let "those" short the counter until they can collect at cheaper price too...

 

The EGM/AGM in March is calling for a share buyback mandate. If the resolution is passed, the price should rise with significance. However as we have seen and you have pointed out, the operators can manipulate with less than even 1% of shares floating out there and cause the price to slowly bleed. I wonder if the operators can still have the financial capability do that after huge amount of shares are bought back by management during March and price rises? 

 

LMA is  fundamentally sound, but unsound as an investment. It has underperformed the mkt, no better than most China stocks or others with poorer fundamentals.  Since being listed in 2005, it has moved below its IPO price most of the time. It was "overvalued" from day one.  Its recent rally to 60cts was short lived, though its long term prospects seems promising.   The only setback is  the time taken for the copycats to be sued and made to pay damages by the judiciary is long, wreaking havoc on LMA shares in the meanwhile.  It took almost two years to dip to its present historical low. Hope its recovery to its glorious past is swift and "deadly" so that  short sellers  are forced to quit LMA and move to other shares  which allow them  better returns.    

 

Ok thanks for clarifying.

 

sohguanh... LMA is medical company , like Biosensor lah... not marine business!!!

 

I see this post so long but LMA stands for Labroy Marine?

 

very tempted to go in at 0.56, but afraid that's a trap..  I would go in, as I see more big boys > 100 lots buy up.. then, safer.

 

Anyone keep on eyes on this counter right now? I observe sth funny.. when one buy up 100 lots at 0.56, everybody went in to buy all the remainding lots at 0.56 ( I nearly follow in), then, when the buy price become 0.56, some idiots just dump at 0.56, and made the sell price back to 0.56.. and this repeating for 3 cycles.. any SJ forum enter at 0.56? as you can see... some idiots also put more lots at 0.56 for us to buy up... very interesting, if u have time, go and watch it now..

the time now is 2.47 pm

 

errrr... punting recently.. but will wish to re-consider my stand after I see a better picture...