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16-05-2011, 06:16 PM
As a surprise, today (16May11) Mr Market decided to turn bullish on LHT and cheered the share price all the way up to close at a recent historical high of $0.105. Total volume done at 955 lots is also a historical high since Jan10. The buyers were so enthusiastic that they cleared the little shares left on the 'sell' queue towards the market close. Is something positive imminent?
Based on LHT's 212.98m outstanding issued shares and the last done share price of $0.105, market cap. now stands at $22.36m, and this figure remains substantially lower than LHT's equity position of $31.628m as at 31Dec10. It looks like there is still more room for Mr market to do its work and trick!
Based on LHT's 212.98m outstanding issued shares and the last done share price of $0.105, market cap. now stands at $22.36m, and this figure remains substantially lower than LHT's equity position of $31.628m as at 31Dec10. It looks like there is still more room for Mr market to do its work and trick!