By Anonymous Questions, July 25, 2012

Travis, I’ve held LNAFF for a couple months now and there has not been the slightest move up or down or sideways. Not one cent.
Do I have the right stock? Is it really so dead?

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3 Comments on " LNAFF"

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Travis Johnson, Stock Gumshoe
Yes, it’s really so dead and that is really the pink sheets ticker for Lonrho — things have been pretty quiet for Lonrho shares, despite what I think is an improving business. My last note on this one was here: http://stockgumshoe.com/2012/06/lonrho-taking-a-bit-of-beating/ I hope I’ve been pretty clear that I consider Lonrho to be a very long-term investment — I think they’re getting in fairly early in building up some solid businesses that will profit from Africa’s emergence and increasingly interconnected economies, but they are just on the cusp of profitability. Reading the tea leaves indicates that they have a good… Read more »
alan platt

Travis, what a terrific response and so fast.
Yes, that’s what I thought, but I hold a few other marginal shares
that I have faith in long-term, but even these have SOME movement.
I was worried that somehow I had bought them in a way that was not kosher.
I’m happy now to sit on them until the fat lady personally brings the cows home.

Travis Johnson, Stock Gumshoe
Well, it’s still worth watching — management could always do something stupid (they’re a bit on the aggressive side, particularly in the way they compensate themselves). We ought to get a quarterly update on operations sometime in early August. Oh, and part of the reason for the shares appearing not to move much day to day on the pink sheets is that the pink sheets shares sometimes don’t trade on any given day. Trading in London is also typically pretty light, but it does show more day to day movement in general (home listing is LONR on the London Stock… Read more »