Well, the non bleeivers may say Post GFC, Greece Debt , Anti Malaysian protests, etc etc, but the market is dictated by demand and supply & that is a function of the underlying assset backingg and forecasted growth and revenue of the company.
Yes all those negative factors play a part to dent the share price, but which ever way you look at it, in June WHEN markets in Oz are most vulnerable (tax loss selling etc etc), you gotta admit LYC is proving the company has solid fundamentals and the Malayisa decision, as worst case scenario will be a small blip in the overall play of the share price.
for all the non believer - 11% up in 4 days
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Last
$7.06 |
Change
0.040(0.57%) |
Mkt cap ! $6.599B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.12 | $6.92 | $27.09M | 3.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 75156 | $7.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.08 | 480 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |