LVL - LV Living

[rederob]

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.

Actually, a trading halt lasts as long as the company and the exchange agree - can be hours or days.

http://www.asx.com.au/supervision/rules_guidance/market_rules.htm

 

[rederob]

Guys lets keep the talk related to the stock.

I researched a lot of trading data that you have now deleted, showing that people buying into LVL over the past year have 8 chances in 10 of making a loss: I think that is relevant to anyone reading this thread.
I also think it relevant that readers note that when this thread was started by krisbarry, he stated he bought in late November 2004, which means the price paid was no less than 10 cents.
LVL is presently half that price - 5 cents - after a massive upsurge in recent weeks.
10 years ago this stock traded well over a dollar, and was over $3 some years before that.
The stock technically continues to form lower highs.
As I have said in posts now deleted by the moderator, the stock can be described in the vernacular as a "train wreck".
If krisbarry can indicate what redeeming features this stock has that will propel it higher again, via some form of analysis, I am sure readers would be grateful.

 

[Fab]

What is happening with LVL today . 25% increase WOW. I hope SEN will do the same when it quotes again

 

[krisbarry]

Yes its going very nicely today with heavy trading.

Finally LVL is moving into a booming market (resource boom).

 

[krisbarry]

Update: 6 month bar chart

 

[rederob]

Most equities that serious investors or traders buy into have a price history to die for.
On the other hand, there are equities that just die.
How much wealth can the poorer equities destroy?
In the case of LVL we are looking at 95% since listing.
Although percentage-wise RBY has not matched LVL, it is apparent how quickly a poor equity can steal from foolhardy traders.

 

[krisbarry]

I see you are up to your usual tricks again of downramping....thats OK!

Instead of sticking my fingers up at you while I am making profit, I will just stick my tounge out instead :

 

[krisbarry]

Just informing the forum members that anyone who invested money in LVL since about mid July 06 has just trippled their money, now that must be really hard to live with

 

[rederob]

I see you are up to your usual tricks again of downramping....thats OK!

Instead of sticking my fingers up at you while I am making profit, I will just stick my tounge out instead :

Just pointing out that most people will not make a profit on companies in severe meltdown.
I did not notice you were actually buying any LVL shares at the low, so I assume all that has occurred is that you reduced substantial losses since buying and holding this company's shares when the price was at least twice as high.
Course of sales data suggests those making a profit recently would not fill a small bus.

 

[krisbarry]

.
I did not notice you were actually buying any LVL shares at the low, .

I am suprised you have full access to my on-line trading account to verify these details...maybe the fraud squad will have to be involved

 

[rederob]

I am suprised you have full access to my on-line trading account to verify these details...maybe the fraud squad will have to be involved

In your case there seems little point.
Despite asking you for some analysis of the stock you continue to ramp, albeit more subtly nowadays, you can at best trot out a company announcement or two (in your case it was "every" announcement).
The "greater fools" theory requires that people more stupid than the original investors are sucked in to purchase wondrous stock, in order to rescue the original culprits from massive failure.
The long term chart I posted earlier is conclusive evidence that LVL lives up to that that theoretical construct.
Every now and then the likes of Rod Adler and his HIH cronies do come to the attention of the authorities, but usually too late for investors that have already done their dough.

 

[krisbarry]

I cannot seem to find a ramp...but I can spot so much downramping of LVL from you of recent days...better be carefully buddy as we both be banned soon

Move on girlfriend

 

[krisbarry]

I also note that you are also just trying to get me banned on this site too, by baiting me....it is very obvious!

You have just got me banned on at least 1 or 2 other sites just by this same action...

Just exposing you for you intentions!

* A downramper of small/micro cap stocks
* Baiting members to get them banned

 

[rederob]

I also note that you are also just trying to get me banned on this site too, by baiting me....it is very obvious!

You have just got me banned on at least 1 or 2 other sites just by this same action...

Just exposing you for you intentions!

* A downramper of small/micro cap stocks
* Baiting members to get them banned

If you don't ramp stock and play by the rules, you won't get banned.
I find a bit of integrity goes a long way, and that usually means a poster has a clue about the stock he or she promotes/suggests as worthy.
For the year or so that I have seen your posts on various sites, there has been no analysis, little understanding, especially of a company's financials, but incredibly long threads.
I am sure that anyone reading a thread would wonder why one posts the way you do.
It is tacit ramping, and your partner in crime, fab, is also a party to it.
This thread has a 2 year history, yet the company has staggered from disaster to disaster and may now be getting out of the woods.
A very small number of traders could make a profit, but until the company substantially turns itself around, the likelihood is slim.
More likely for now that the "greater fools" theory has kicked in and that folk that happen across threads like these think they are on a good thing.
I encourage them to think about what they are getting themselves into.
Especially when the stock market is delivering up such good returns elsewhere with very low risk.

 

[krisbarry]

see there we go again..trying to involve another member into a baiting session to try and get them banned too....ohhh you are a very naughty girl!

moderators take note....rederob and myself must be banned from ASF if this sort of behaviour continues!

 

[krisbarry]

LV Living turns around, takes stake in Retirement Plus

31-Oct-06

LV Living turns around, takes stake in Retirement Plus

Sydney - Tuesday - October 31: (RWE Aust Business News) - LV Living (ASX:LVL) has a heads of agreement with Retirement Plus Australia (RPA) for a series of projects that will help LV Living realise its forecast $3.2 million profit in the 2007 finanical year.

The agreement involves LV Living taking a 51 per cent stake in RPA.

"Our company's respective business models provide a strategic fit that will ensure our earnings forecast will be met, not only this year but in the next forecast year as well," chairman Norman Anderson-Bell said.

The agreement involves the upgrade, marketing and management of stage one of a supported living facility in Toowoomba which will provide profits to LV Living between $800,000 and $1m by December 2007.

Toowoomba stage two will be developed, resulting a further $9000,000 to $1.1m profit for LV Living.

LV Living will also retain an ongoing share of the DMF annuity income, anticipated to add a further $5m to the company's asset base and revenue well into the future, confirming the $6.5 million 2008 target earnings guide.

Subject to due diligence, LV Living will issue 35 million shares to RPA to acquire the stake.

The agreement is conditional upon RPA successfully delivering forecast profits of the Toowoomba development as well as final DA approval on a proposed Maryborough project.

Within the next three months, after the appointment of corporate advisers, a $3m capital raising will be made and used to progress the Maryborough (and other) developments.

Construction for the Maryborough Seniors Master Planned Community is scheduled to begin in early 2007.

RPA will jointly develop and manage the 370 unit community, forecast to provide $7m in development profits over four years and a DMF value of $40m.

Mr Anderson-Bell also said the deal with MyMurra will not deliver completed Development Service Agreements by the deadline and the matter has now set down for arbitration for 6 December 2006.

The 20m shares held by MyMurra will be cancelled.

LV Living shares were last traded at 5c.

 

[rederob]

krisbarry
I am surprised you "missed" the company announcement leading to the above article.
If LV'sL new business plan achieves more than its previous many plans, then the company may well be in the black this financial year.
However, reviewing LVL's grand profit making ventures in the past, and observing their failure (eg MyMurra), cannot give any serious investor much confidence.
As I said previously, how about a bit of analysis instead of the constant stream of cut and pastes if you want to be taken seriously.

 

[krisbarry]

Yeah you are so right rederob LVL has no fututre, and I am suprised anyone would even invest in it...its just a money pit as you said...

 

[rederob]

Yeah you are so right rederob LVL has no fututre, and I am suprised anyone would even invest in it...its just a money pit as you said...

As I said previously, how about a bit of analysis instead of the constant stream of cut and pastes if you want to be taken seriously.

The caveats on LVL's ongoing operations are found at page 48 of its recent Annual Report.
They are enough to frighten off the average investor, but that clearly is not everyone.
Anyone wanting to know more about the risk of investing on LVL would do well to start here, and then work their way back through its successive annual million dollar+ losses (eg. $2.5m in 2006).

 

[krisbarry]

I don't want to be taken seriously :