I think the share price decline is reasonable and okay. Comparable companies include CVL and GNG. Like LYL they've had a bit of share price weakness lately.
The share price decline is partly because the share price got ahead of itself and this is healthy as a rebalance. Its partly because GNG as a very similar company had a more negative outlook in its forecast and people have taken a view that LYL might also be affected by the market. Its also partly about soggy commodity prices and the potential for LYL to have its flow of projects slow.
All of those factors above are real but the underlying situation is that LYL has a rock solid balance sheet, a proven high performing management team and a brilliant track record.
LYL is a gold standard company. The only question i have is the correct entry price. I own a lot of shares but i bought them years ago for under $4. I'd like to buy more but I'm not buying yet since i own plenty so am waiting and hoping for a bit cheaper price.
I'm certainly not selling ever. Once i buy LYL shares i never sell them.
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Last
$10.33 |
Change
-0.330(3.10%) |
Mkt cap ! $410.5M |
Open | High | Low | Value | Volume |
$10.60 | $10.66 | $10.33 | $1.161M | 110.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1304 | $10.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.40 | 309 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1304 | 10.330 |
1 | 1937 | 10.320 |
1 | 2500 | 10.310 |
6 | 9442 | 10.300 |
1 | 309 | 10.290 |
Price($) | Vol. | No. |
---|---|---|
10.400 | 309 | 1 |
10.410 | 309 | 1 |
10.430 | 309 | 1 |
10.450 | 304 | 1 |
10.500 | 95 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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LYL (ASX) Chart |
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