It makes me feel better just typing that. Let me do so again: IPO’s are back.
And it’s looking like this may be the start of a large number of IPO’s, old fashioned M&A and the kind of optimistic and lively activity we were all accustomed to pre-crash.
Many companies, Australian ones in particular, have gone from trying to find two pennies to rub together to having more money than many know what to do with."
With this sentiment around and the current interest in LYC it seems to me that a successful SPP would be a forgone conclusion.
LYC Price at posting:
52.1¢ Sentiment: LT Buy Disclosure: Held
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