LionCor & Lion Div has announce their Qtr Results yesterday evening.
Both has suffered big losses of few hundred millions for the 4th Qtr. (Apr-Jun'09)
LionCor NTA has reduced to 28sen only.
BUT the market seems ignore this negative news & LionCor mkt price still stood around 41 sen.
same as yesterday closing.
WHY THE MKT STILL GIVING LIONCOR 41 SEN VALUATION AGAIST IT'S NTA OF 28 SEN ONLY ?
THE WORSE IS LIONCOR IS LIKELY TO CONTINUE ITS BREEDING FOR THE NEXT 1 OR 2 QTR.
IS THERE ANY SPECIAL REASONS THAT WE DONT KNOW ?
Both has suffered big losses of few hundred millions for the 4th Qtr. (Apr-Jun'09)
LionCor NTA has reduced to 28sen only.
BUT the market seems ignore this negative news & LionCor mkt price still stood around 41 sen.
same as yesterday closing.
WHY THE MKT STILL GIVING LIONCOR 41 SEN VALUATION AGAIST IT'S NTA OF 28 SEN ONLY ?
THE WORSE IS LIONCOR IS LIKELY TO CONTINUE ITS BREEDING FOR THE NEXT 1 OR 2 QTR.
IS THERE ANY SPECIAL REASONS THAT WE DONT KNOW ?
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