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DBAY Advisors Limited (“DBAY”) is an international asset management firm with offices in Douglas (Isle of Man) and London. Our goal is to provide our investors with superior risk-adjusted returns while prioritising preservation of capital by focussing on investments with a high margin of safety.
Someone is buying cheap shares just because the other one said it's worth half the price, while drinking gin. Few scared investors running to the exit. GLA. It's rather dramatic reaction not supported with facts, I think, and why such drop without volume?
I first bought LGEN in 2016 at 170p and again only recently at 272 as I believe it's a very good company. Of course I am a bit concerned by the way the share price behaved lately but I'm ready to top up again very soon after another maybe 5% drop. The shares now also offer about 9.5% yield. But why did it fall so low? I think it's because one of the most liquid.