LYL 0.70% $11.36 lycopodium limited

Ann: Dividend/Distribution - LYL, page-3

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  1. 928 Posts.
    lightbulb Created with Sketch. 1165
    Hey mate. You aren't missing anything lyl is attractive but there are some things holding the stock down.
    It is a very cyclical market the company operates in and they are coming towards or right now are on the low point of the cycle so the profits will not be good for the next year or so. Plus the company is so heavily owned by its managers there is no chance of a takeover. Plus the company has such an incredibly strong balance sheet that they dont need to worry about ever raising capital or borrowing money so the owners don't ever put effort into ramping the share price they just focus on running the business. Plus it is too small to be on the radar of any or many institutions so nobody talks about it.
    All of that makes it a good solid investment long term but it is not exciting and probably will not ever be. It will just churn out solid annual results.
    My suggestion is buy some shares and forget you own them and then over time this company will do the right thing by you.
 
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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
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Last trade - 16.10pm 04/11/2024 (20 minute delay) ?
LYL (ASX) Chart
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