Can we expect a LGL Rally??

Genting · 1 Can we expect a LGL Rally?? Mon Mar 07, 2011 9:52 pm

Genting

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Last few days LGL.N has been trading heavily

03 March 51.9 6.3mn shares traded
04 March 53.2 6.3mn shares traded
07 March 53.1 3.4mn shares traded

LGL.X also showing heavy trading
There is no significant price movement up or down
what can we expect in the near future?
is this is a sign that mega a rally is about to happen??

UKboy · 2 Re: Can we expect a LGL Rally?? Mon Mar 07, 2011 11:31 pm

UKboy

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Genting wrote:Last few days LGL.N has been trading heavily

03 March 51.9 6.3mn shares traded
04 March 53.2 6.3mn shares traded
07 March 53.1 3.4mn shares traded

LGL.X also showing heavy trading
There is no significant price movement up or down
what can we expect in the near future?
is this is a sign that mega a rally is about to happen??

Sorry but its a NO

Meta Trader · 3 Re: Can we expect a LGL Rally?? Tue Mar 08, 2011 12:05 am

Meta Trader

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Genting wrote:Last few days LGL.N has been trading heavily

03 March 51.9 6.3mn shares traded
04 March 53.2 6.3mn shares traded
07 March 53.1 3.4mn shares traded

LGL.X also showing heavy trading
There is no significant price movement up or down
what can we expect in the near future?
is this is a sign that mega a rally is about to happen??

what i see is people who bought this sells at the break even becoz of the uncertainty . i might be wrong Exclamation

jks · 4 EPF buy LGL Tue Mar 08, 2011 5:25 am

jks

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EPF Yesterday buy non voting shares.

dhamm · 5 Re: Can we expect a LGL Rally?? Tue Mar 08, 2011 9:28 am

dhamm

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Institutional buying and crossing above mkt trading levels give some indications. Medium to long term prospects must be good.

salt · 6 Re: Can we expect a LGL Rally?? Tue Mar 08, 2011 10:08 am

salt

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dhamm wrote:Institutional buying and crossing above mkt trading levels give some indications. Medium to long term prospects must be good.

Couple of days ago, Mono pointed out the possible issue with Laugf Charman & CB Govornor. If that is the case, i don't think EPF would buy. So, the possibility of any mis treatment can be ruled out. EPF buying is a good signal.

thambi · 7 Re: Can we expect a LGL Rally?? Tue Mar 08, 2011 12:55 pm

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i think we can however not in the short run ..... i bought this share after being advised by a very experience and well known person in the stock market
and i think he has every reason to be right, we can see this as many big name investors and institutions like EPF etc are buying large chunks into LGL.X ...
these people will not just spend millions and millions on a stock if their not certain and if or do have some inside information for that particular stock to do well ....

the issue with the chairman of LGL isnt one im too concerned with as he has alot of contacts in high places and a very experienced person in the trade and im sure
that he will be able to overcome these problems .... litro may have around 70% rights to the pertroleuom company but im sure the chairman will look into other
areas to infiltrate (such as the north etc....)and this is a private company therefore is efficient and will look to reduce their cost as much as possible whereas litro is not and this can prove to be a competitive advantage for LGL together with experience and brand loyalty they seem to enjoy.therefore in my opinion LGL is stong and stable company which will weather the storm and is a great long term investment .......