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LVL - LV Living

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Stop_the_clock said:
Cannot argue with todays performance of LVL, it was brilliant.

Broke a major resistance line!

Yes the 'CUP and HANDLE' theory is working to a tea!
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This looks good I will buy on Monday.
 
rederob said:
Danger.
Will Robinson, danger.
Warning, warning.
Click to expand...

I had to google your quote to understand it... (for the rest of us born after the 1960's here is the explanation)...


From Wikipedia, the free encyclopedia

“Danger, Will Robinson!” is a recently-popularized English catch phrase derived from the classic 1960s American television series Lost in Space. The phrase characterizes the relationship between two of its regular characters, the Robot and Will Robinson over the course of several episodes of that series. The autonomous (and nameless) robot takes a protective attitude toward Will, and alerts him thus to dangerous situations, expecting Will to take immediate action to protect himself. The robot cannot do everything, even though its sensors are amazingly sensitive:


“Warning! Warning! Alien spacecraft approaching!”
In hacker culture and in English-speaking society generally, this catch phrase currently serves as a facetious method to inform an associate that they are about to make a stupid mistake””that there’s a factor he or she overlooked which ought to be taken into account.

When given in person, the vocal warning is more-often-than-not accompanied by a brief and careful waving of one’s arms left and right and up and down, parodying the body language of the original chrome-plated character.

Despite the popularity of the phrase in everyday culture, it was only said once on the show during episode 11 of season 3 "The Deadliest of Species". The Robot frequently throughout the series gave warnings to Will and the other crew members of the Jupiter 2, in the form of expressions "Warning!" and "Danger!".
 
LV Living wants a breather

03Oct06

SHARES in Gold Coast housing group LV Living have been suspended from trading on the stock exchange after the company said it would not be able to file its accounts in time.

The Broadbeach-based group sought the suspension before the exchange opened yesterday morning, saying four major transactions since the end of the financial year that had a material effect on the accounts were unable to be fully digested by auditors before the September 29 deadline.

LV Living had released a preliminary set of accounts on September 13, but this was just to meet ASX requirements, said chief executive David Brown.

The four deals the company had been involved in since June 30 were: the sale of its profitable RewardsCorp interests; progress of the problem-plagued MyMurra deal; performance of a Toowoomba housing project; and completion of agreements to launch a new retirement living product.

LV Living's 51 per cent stake in RewardsCorp which sells corporate rewards programs to businesses and contributed $186,604 to the bottom line in an otherwise disappointing year is under offer to the Community Life group for $2.4 million.

Mr Brown said that while RewardsCorp 'has been a good business for us', LV Living wanted to focus on housing.

It was working closely with Community Life in that regard.

He was tight-lipped on what the new retirement living product was, but expected to be able to make an announcement soon. LV Living is also seeking, through an arbitrator, to cancel 20 million shares in MyMurra, a company that negotiates deals with Aboriginal land councils.

The preliminary accounts showed a loss of $1,577,996 for the 2005-06 financial year, almost 30 per cent more than the previous year.

It continued the run of losses for the group, but Mr Brown is bullish about their prospects, and forecasts a $3.2 million profit in the next financial year.

"There are quite a few things still to come. We have some pretty exciting deals in the pipeline," he said.

The company anticipated being able to provide fully audited accounts by October 13.

LV Living shares last traded on Friday when more than 2 million changed hands. They closed at 5c, up 0.7c on the previous day.
 
Ah, so "Stop_the_clock" is also krisbarry. I'll copy the comments I have made in another forum to save re-typing.

LV Living had released a preliminary set of accounts on September 13, but this was just to meet ASX requirements, said chief executive David Brown.
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Let me understand this bit, kris. The CEO agreed to release misleading accounts, because that is now, on his admission according to you, exactly what they were, just to meet a deadline rather than resolve outstanding issues with the auditor and ASX before providing accurate final accounts.

No way would such an action give anyone confidence to invest in this company where the executive, and I mean the executive as the CFO would also have to agree to releasing false accounts, deliberately participates in misleading practices.
 
I would not say its mis-leading at all, it was made very clear in the preliminary (please read it again) that some of the accounts had not be audited.

It is very hard to audit something when pending deals are on the table and the ASX wants the details of the audit.

As stated much change has and is occuring (pity it had to happen right on auditing time).

1+1 = 2 right, but pending a deal that may mean 1+3 = 4 or 1+ 0.5 = 1.5

If people buy into a company they would have be fully aware at the preminary stage that not all accounts had been audited.

So I again question your motive/actions, is this an attempt to downramp, or expose something which has already been exposed, and that is the fact that not all accounts had been audited at the time.
 
Update:

The Lotus Living Homes Group :: Corporate Information

Lotus Living Homes is a division of ASX listed LV Living Limited (ASX Code: LVL).

The Lotus Living Homes Group is focused on providing innovative living solutions in niche segments of the market. The Company provides a number of affordable and innovative approaches to housing solutions across a mix of segments including:

retirement living;
lifestyle villages and enclaves for over 55's;
investment homes;
project homes;
mining accommodation;
government housing; and
specialist projects.


Welcome to Lotus Living Homes


Lotus Living Homes is creating a new generation of smart homes - energy efficient, structurally superior, whisper-quiet and affordable.

At Lotus Living Homes, we are creating the house of tomorrow today - through our innovative and unique building system, SEETEK (TM).

Our homes can be built in around 10 weeks, feature superior energy efficiency and climate control systems and are engineered to be structurally superior to any other building system currently used.

The Lotus Living Homes housing solution is also surprisingly affordable, making it a viable alternative to traditional building methods across a variety of housing applications and locations.

These homes are engineered for better living.

Source:
http://www.lotusliving.com.au/
 
Stop_the_clock said:
LVL is to come out of suspended trading today
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krisbarry if they ever come out of suspension do yourself a favour and dump them, the only benefit they will ever give to shareholders is a tax loss.
 
Thanks for the very sweet advice

LVL owes me nothing! Have traded this baby several times and I have no tax loss, but thanks again for your concern...LOL
 
Stop_the_clock said:
Thanks for the very sweet advice

LVL owes me nothing! Have traded this baby several times and I have no take loss, but thanks again for your concern...LOL
Click to expand...

do you diversify out of LVL kris barry? just curious
 
okay, good luck, just remember there are companies out there that make a decent return and don't put their shareholders through hell.
 
Rewards Corp has just been sold to CLF for $2.6 million...Great news for LVL

Source: Read CLF announcement
 
Stop_the_clock said:
Thanks for the very sweet advice

LVL owes me nothing! Have traded this baby several times and I have no tax loss, but thanks again for your concern...LOL
Click to expand...
Hmmm.
BTV
RBY
LVL
To name just a few of his winners.
Krisbarry is probably writing Dubya's Iraqi speeches: If he's not, then maybe he should be.
That winners list needs to grow.
 
Stop_the_clock said:
LVL is to come out of suspended trading today
Click to expand...

What! still not out of suspension, two weeks have past since you said that
they were going to come out. What the bloody hell is going on, you said that
they were going to resume trading. If you kown whats giong why don't you
tell us.
 
What is the difference between suspension and trading halt ??
and when are you likely to go in trading halt instead of suspension ??
 
Fab said:
What is the difference between suspension and trading halt ??
and when are you likely to go in trading halt instead of suspension ??
Click to expand...

A trading halt lasts 2 business days and a suspension can last much longer.

As was the case with LVL, 2 days was not going to be enough time to release information to the market so rather than going for a trading halt, they opted for the suspension, then the ASX suspended them.
 
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