Probably to early to make a comment, hence this is a preliminary announcement.
However, given the 2 previous dividends of 30 cents/share and a share price of $4.60 one arrives at a P/E of 15.33. With dividend of 20 cents that would project a share price of $3.07. ... Well, I don't think that is likely to happen, because
- LYL is supported by a small shareholder fan group. There won't be large selling off - Managment appears well respected - Balance sheet will look solid
Yet, the direction will be south, though.
The announcement of result needs some guidance/outlook
Would be interesting to hear from the usual suspects (who seem to understand the stock better than me)
DYOR
LYL Price at posting:
$4.43 Sentiment: None Disclosure: Not Held
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