LMA interview: Any questions from u?

LMA is proving to be consistent in its buyback. Another 60,000 shares bought yesterday. Very low quantity, though making a point of supporting the stock. New CEO wants the stock price to better reflect the fundamentals?
[url=http://www.nextinsight.net
/story-archive-mainmenu-60/912-2011/4238-lma-international-new-management-new-growth-drivers]LMA INT'L: New management, new growth drivers. New profit trajectory too?[/url]
 

LMA doesn't look like in a hurry to push up the stock price. Its buybacks have been regular -- almost daily -- but it has been buying under $100K worth each day. There is not much selling of course, so that limits any intent of LMA to buy more at the current price level. Without much liquidity, the stock would be in limbo when LMA decides it has bought enough or when the price has gone up enough. This is a risk that investors buying on momentum should remember, except for those with long time horizons hoping to reap a fuller reward from LMA's potentially strong growth in the years ahead.

Phew! Does anyone buy on that basis anymore?

137,000 bought back today, accounting for majority of the 191,000 traded. Like that how, when the company has to stop buying back during black out period before the results announcement?

LMA now is 36.5 cents, a slow but steady rise as the company engages in buyback every day. The point is valid -- what happens when the black out period comes prior to release of FY result? There will be no liquidity, and a slight downward pressure if the market sentiment is not good overall.

+1.5 cents ---> 40 cents this morning, ahead of an expected good set of FY11 results on Thursday morning.

Solid results -- this is a stock to watch.  Worth 60 cents within a few weeks as more investors get to know its fundamentals?


Including the net litigation settlement of US$4.5 million and non-cash stock compensation charge of US$1.8 million, the Group saw a 129% increase in net income to US$18.9 million in FY 2011 over FY2010.