Given that insto's did indeed pay 75c for a far larger chunk of LYC than will be available under the SPP and this is in effect "reverse dilution" i.e. the cash backing on the balance sheet has a positive effect vs the share price now well below 75cents then ---------
Who here thinks NC and LYC management actually did the best possible job for existing shareholders in getting the raising away within a very limited window. ?
I for one think that NC needs a round of applause for te equity / balance sheet management to date throughout this whole sorid process of having the business unduely politised. TU for NC and LYC management in balance sheet management. ( I am not commenting in this post on other aspects of the situation )
institutions buy at 75 cents, page-22
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Last
$6.87 |
Change
-0.170(2.41%) |
Mkt cap ! $6.421B | |||
| Open | High | Low | Value | Volume |
| $7.08 | $7.26 | $6.82 | $32.24M | 4.640M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10611 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.89 | 3277 | 2 |
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| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |