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0.24%

$12.23 lycopodium limited

If I were looking for excitement, I'd be at the casino.

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MarsC

4,287 Posts.

467

17/09/20

22:01

Post #: 47432809
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Originally posted by Greatone: ↑

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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If I were looking for excitement, I'd be at the casino.

LYL Price at posting: $4.26 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $12.23		Change -0.030(0.24%)		Mkt cap ! $486.0M

Open	High	Low	Value	Volume
$12.30	$12.30	$12.05	$528.2K	43.48K

Buyers (Bids)

No.	Vol.	Price($)
1	2	$12.13

Sellers (Offers)

Price($)	Vol.	No.
$12.23	1335	2

View Market Depth

No.	Vol.	Price($)
1	2	12.130
1	147	12.110
1	147	12.100
1	147	12.080
2	1752	12.060

Price($)	Vol.	No.
12.230	1335	2
12.250	147	1
12.270	147	1
12.280	147	2
12.350	500	1

Last trade - 16.10pm 02/10/2024 (20 minute delay)

LYL (ASX) Chart