What's going on here

[traderdan]

Quite a steep drop over the last few days. Anyone know what's going on here? Anything to worry about?

[kwagga]

Why not just watch news on this share before asking formies to do it for you ? It's trading ex dividend.

[SimonPB]

LDT was weeks back ..

[kwagga]

Payment date: Monday, 18 June 2012

[SimonPB]

payment date meaningless (anyways tis was Monday) .. LDT is what counts and ex-date ..

[doomsdayza]

it's also super massive illiquid? R300k of trades has moved it 10%.

[kwagga]

I doubt if payment date is meaningless on a penny like this. Many small timers pilling into this one when the news broke of the special divi, will be looking to getting out sometime after Ltd, if low liquidity permits them to.

[#8]

I have a personal soft spot for this stock. Typically with small and micro caps, you get a flurry of activity around the month before results are due and then post results for 3 or 4 months you get complete inactivity. So you should see big spreads starting between now and the next financials. If you can pick it up at the bottom end of the spread, then you have a sound investment. So if place a buy order around say 90c, that is a decent investment paying you a handsome 10% dividend.

[U-Dog]

I may have an addiction to this share:)Very happy to pick off more shares whenever the price drops and to keep holding. In my opinion one of the more undervalued shares around at the moment. Picked up 12.3% on the last dividend and have just continued to accumulate. Main things to focus on in my view: - Supply chains and a potential shift to more local supply. (Heavily exposed to the exhange rate) - Further unlocking of efficiencies in the cost structure

[SimonPB]

it is