Previous action +20c saw 870M shares distributed, this time we've seen 190M accumulated IMO, thnx for the data BTW.
Consolidation has no impact on total mkt cap, earnings do.
Virtually a given we will see strong earnings growth subsequent Q's supporting mkt cap, if only higher values at market flowing thru.
Further bond conversions would be dilutionary to earnings, but 10c per share flips from debt to equity.
Q is, what is the likelihood of large scale bond conversion thru the consolidation period, and if so, will earnings growth be sufficient to cover that portion that doesn't convert debt to equity?
Quite certain I know which way I'm punting given earnings momentum alone.
Chart, page-215
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18985 | $6.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.25 | 53073 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |