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$13.70 lycopodium limited

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

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MarsC

4,255 Posts.

457

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 $13.70		Change 0.000(0.00%)		Mkt cap ! $544.4M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	357	$14.38

Sellers (Offers)

Price($)	Vol.	No.
$13.02	33	1

View Market Depth

No.	Vol.	Price($)
1	357	14.380
1	25	13.750
1	500	13.690
1	1	13.650
1	750	13.640

Price($)	Vol.	No.
13.020	33	1
13.240	59	2
13.340	11	1
13.580	1082	1
13.840	1000	1

Last trade - 09.46am 23/07/2024 (20 minute delay)

LYL (ASX) Chart

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