Couchy8
I agree re diversified geographically and across different commodities. Gold projects cetainly appear to be a greater part of their focus going forward - the Toronto office looks to be servicing clients with predominantly gold projects in Africa.
Anyway my feeling is that 2013 Earnings are largely underpinned by existing projects that are running through next year. Mick Caratti also appears to be a strategic thinker who has used the boom times to diversify earnings, rather than engage in acquisitions.
I have a lot of faith in these guys and bought more today - yes mining services are getting hammered and LYL may have a softer year at some point but i feel on a long term basis they will grow stronger.
The Balance sheet is pristine and this is an excellent business for producing fcf. OCF covers sus. Capex by around 13-15 x.
I am considering attending the AGM if time allows.
Ann: 2011/12 Results , page-8
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Last
$14.04 |
Change
0.230(1.67%) |
Mkt cap ! $557.9M | |||
| Open | High | Low | Value | Volume |
| $14.12 | $14.27 | $13.98 | $736.6K | 52.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 141 | $14.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.11 | 3323 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| LYL (ASX) Chart |