The sensible approach is to maximise overall returns - dividends and capital growth. I used to be in the "never sell" camp but learnt a number of expensive lessons when the cycle turned on cyclical businesses. Aside from the unpredictable industry cycles, there are also company-specific risks e.g. a contract going bad.
My sense is that LYL is now around fair value, but I always like to have in mind a sell price if the market values one of my companies for unrealistically good outcomes. FWIW that's around $12.
The sensible approach is to maximise overall returns - dividends...
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Last
$11.36 |
Change
-0.080(0.70%) |
Mkt cap ! $451.4M | |||
| Open | High | Low | Value | Volume |
| $11.42 | $11.44 | $11.23 | $490.3K | 43.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110 | $11.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.36 | 5 | 1 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| LYL (ASX) Chart |