I invested in Ausdrill when they was bottom due to debt,trading a fraction of book asset, which mostly drill and mining rig.
LYL is an engineering biz, like technology one, you do not want to take in debt to pay people wages. Cash is good, allow to buy equipment, fund winning project , advance to client at premium +10% interest.
especially gold mine plant building is booming now
I invested in Ausdrill when they was bottom due to debt,trading...
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Last
$12.23 |
Change
-0.030(0.24%) |
Mkt cap ! $486.0M | |||
| Open | High | Low | Value | Volume |
| $12.30 | $12.30 | $12.05 | $528.2K | 43.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2 | $12.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.23 | 1335 | 2 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| LYL (ASX) Chart |