Luke212
Could it be that last week :
The LYC faithful who like to sit on the fence and( NOT bebuying or Selling) decided to
SEll their shares ??? upto $15K worth,and with the money they hope to buy back many more on SPP for same price.
(( You work it out,date of sell ,date to clear the proceeds, last day to lodge application))
Discount of 17.5% made it attractive for some.
No one knows the SP post the SPP close .
The 29th of May is the Allotment date .
How many would sell on this date to collect the profit If the sp exceeds the SPP price ?
What is the odds that ,institutions or retailers are waiting to buy LYC post 29th May ?
Now put your thinking hats on.
701 shareholders, page-45
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Last
$7.69 |
Change
0.080(1.05%) |
Mkt cap ! $7.187B | |||
| Open | High | Low | Value | Volume |
| $7.67 | $7.78 | $7.63 | $9.690M | 1.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 46595 | $7.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 45838 | 3 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |