Been reading through here trying to find the reason for the SP decline.
I recently put LYL on my radar given the SP momentum over the past two years and yet still a strong PE and yield.
Seems likely a similar reaction as I've had with my DRR and YAL holdings, that being a dividend issue. Although a 5c divi reduction hardly rates compared to 50 and 100% cuts respectively for DRR and YAL.
Dividend cuts have hammered companies lately though and seem to cause big overreactions in the SP.
TA wise, I'm seeing strong support at $11 and a likely ST target. LYL has broken all other supports above along with all moving averages with the recent decline so there's not much incentive to dive in immediately imo I'm sorry to say.
Seems like a very fundamentally sound business, LT not seeing any issues with it so maintaining my interest.
DYOR. GLTAH.
Been reading through here trying to find the reason for the SP...
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Last
$10.82 |
Change
-0.680(5.91%) |
Mkt cap ! $425.2M | |||
| Open | High | Low | Value | Volume |
| $11.60 | $11.63 | $10.41 | $2.464M | 225.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 58 | $10.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.84 | 142 | 1 |
View Market Depth
| Last trade - 15.31pm 12/11/2024 (20 minute delay) ? |
| LYL (ASX) Chart |