LYL 0.82% $12.15 lycopodium limited

My reading of the accounts (as at June 2020) is that they have...

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    My reading of the accounts (as at June 2020) is that they have $47.7m in contract liabilities (customer advances for work not yet performed). My best guess is that their surplus cash is closer $50m. And if we adjust for 'more normal' levels of working capital, it may be even lower.
 
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