If Lyc is not double it’s current value this time next year, I would consider my decision to hold a poor one. Malaysian/ Chinese politics have capped its sp value... for the moment. As frustrating as it is, it’s only a matter of time before this blows.imo
Competing price wise with a government regulated lost-leader is economically not viable. All dropped out except for Lyc.
Maybe the answer is to be propped up ( subsidies), to maintain a worth-whilst profit when China plays hard ball in forcing lower prices.?
or for Lyc to put itself up for sale to China and force its value?
I do agree with you, very frustrating. Change in Malaysian government a few years ago has put a right spammer in its intrinsic value.
Maybe there is no up side to share price ... an opinion, page-3
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Last
$7.76 |
Change
0.060(0.78%) |
Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.90 | $7.70 | $22.34M | 2.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4481 | $7.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 14225 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |