LMIR

Have been monitoring LMIR since the past few days.

Why a sudden interest in it?

Current price is 0.53
Target price is higher at 0.60 (13.1% potential increase in capital)
NAV 0.79 (49% potential increase)
Yield 1.09 (8.23% pa)
Gearing 10.8% (lowest among S-REIT)

In fact I should have went in yesterday after looking at the chart, after STI & LMIR had some correction. But dally a bit due to impending head and shoulder formation in STI chart.

However, today LMIR open above the 0.525 resistance and looking at the trading activities, seems like it will be going upwards.

 

Noticed that some tactics are being used as there are lots of 1 lot buying sat 0.53 but selling big lots at 0.525 in the morning. Then lots of big lot buying start coming in the afternoon.

In the end bought some lots at 0.53 at 2.48pm.

Update at 5.05pm :

Noted that after lots of 1 lots buying at 0.53, then followed by 1 big (225) lot selling at 0.525 at last minute prior to closing.