LVT, taking profits is my viewpoint.
LVT was a stock I followed and viewed favorably, since the beginning of this year. I spend much effort analysing this selection for members. A few days ago I walked away when it soared to a high of 2.90, and promptly posted this view to our member lounge that moment.
I visited this company several times, spoke with them on the phone many times and attended the annual meeting last April '09, after which I wrote a upbeat report posted here for all to see. There are many reports on this web site on LVT as the year started with my own strong buy view for a medium to long term investment.
I expressed upbeat enthusiasm at the front page of Thaistocks.com for some months from March to around July. Suggesting don’t miss the train on LVT. Then after a while I got frustrated with management’s aloofness and lack of better investor relations and understanding as I would expect. Yet, I advocated investors to just hang-in there because the stock was soo . A few days ago my view was to walk away when the stock soared past 2.80 on heavy trade.
I posted the below comment at our member lounge, and so today make this comment available for all to see here, for the record as LVT was a tedious choice were nevertheless members yet did well with. Inclusive of the nice dividends our investment did well for us.
However I chose to look elsewhere as I can’t see this company changing much for the better, i.e. becoming more pro shareholder active. I note Mr. Nielsen, LVT’s tough and “know it all best style” leader has recently also sold out some shares. Last, disappointedly they also refused to re-meet with BLS analysts, one goes wondering why
Here is what I posted for all our members a few days ago:
"LVT(2.88) was on the move today, going to a new yearly high price in afternoon trading. While I viewed some profit taking not below 2.60, I did then also mention that with the SET in bullish mode since, this stock could trade higher. Hence so the price objective should be increased. That has now happened.
"The company has just recently refused to see the Bualuang analyst, so to update their spreadsheet on them. Odd, as other companies don't have any problem with this and LVT should be glad to get a top broker's research coverage. So what is going on there? LVT remains a mystery to us.
"Could it be the company may be bought-out one day, and this is the reason for their seeming to me aloof attitude.. and so the sudden price increase? I don't think so as LVT is not asset rich, only talent/process rich.
Also, investors must beware that Mr. Nielsen seems to be the key man there and this is a problem -as if something were to happen to him LVT would loose its top rated expert with long experience. (In my view LVT should take out a multimillion dollar executive key man life insurance policy on him, as he is so important to this company. This is a compliment as I have high industry respects for him and so apology for any anger he resented by my inquiries and my own professional understanding on the suggestions or questions I had.
Best Regards,
Paul A. Renaud.
