For past few years L&G shareholders were disappointed with the share price performance,

However this director seems very bullish of L&G prospect, his acquisition caught my attention to dig further.

I then surprisingly found that company able to maintain 2sen dividend even after right issue on April 2017. The 2 sen dividend had been paying out since 2014. 

That is 9.5% dividend yield based on current price. With company NTA at 36sen and net cash of 10sen (according to 2017 annual report calculation), this company price at 0.215 is selling at deep deep bargain!

The future prospects can be seen in this research report:

A well balance portfolio should consist some dividend stock. With 9.5% dividend yield, you can double your capital in less than 8 years. L&G is a great defensive stock to hold in 2018: good dividend with potential price appreciation. 

Let's bottom fish this share and be patient to hold for at least a year!