I Seek co-investors and Seniors on this forum to give their valuable opinion, on the status of current LEEL valuation, is it a value trap or value bargain?
My rationale to invest into LEEL was their CD, which was scaling up nicely and company was available with reasonable valuations (well before Co decided to seel CD division) there were lot of projections for future growth. But after CD business is sold out , the very valid reason for investment, got off, however the slump sale deal price was ok reasonable, and thinking that sale proceeds would be used to retire the debt on books, i kept invested into LEEL infact kept averaging on downside. But stopped doing it when share price started free falling for every wrong reason and lack of transperancy from management.
I need to ask Seniors, whethere can this be called as conviction (not selling even share price sliding and not perfforming for many quarters) or it is act of sticking on to a mistake not selling when CD division is sold out ?
As i keep hearing from sesoned investors, Investment needs Conviction, discipline, patience…,
so do i need to be ,ore patience, waiting for any good step by promoters which comes as a respite for this free fall of price?
or shall i wlak out of this story by booking losses (almost 50% of losses) and look for the several good companies avaialble with reasonable valuations ? available in the current market conditions?
How seniors would handle this kind of situations? if they can share their opinion, that would be great for my learnings.
Thanks in advance.