Suffered a loss of 470,00 pounds from its investment vs a profit of 901,000 Pounds in FY2014.
Current Ratio 6.18
Debt to Equity Ratio 0.04
LEG investments into mining and resources based companies have taken a hit in the year due to lower commodity prices.
However there were some good news too, especially where Virtual stock is concerned. LEG has increased its holdings in Virtual Stock to 7.0%. Virtual Stock is moving into the non retail arena having signed a contract with the NHS.
Elsewhere, its investment into Bosques Energeticos is progressing well, having increased it total land from 11 hectares to 18 hectares.
If you can afford a 3 -5 year time line in your investment then this is the share to own. With a price of 0.0008 pence vs a director's option of 0.002 pence and above, the eventual listing of either Virtual Stock and Bosques Energeticos will provide the catalyst for multi-folds gain.
My disclosure: I own shares of LEG.
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