Institutions tipped $150 million into the company 6 months ago at 75c - please correct these numbers if they are wrong. Did they just decide to donate that money or did they expect a return ? I know when I invested a year ago I expected a reasonable return for the risk I was taking.
The only reason the share price is where it is at is because of the opacity of the contract terms, customers, and sales. The sales and profits will be revealed by 31 July . If the company is doing well the SP will move in the direction Mr market says it should based on profits and there will be an appropriate return for all of us. Patience has been sorely tested with this stock :( !
institutional investors
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Last
$5.95 |
Change
-0.030(0.50%) |
Mkt cap ! $5.561B | |||
| Open | High | Low | Value | Volume |
| $5.96 | $6.00 | $5.93 | $10.85M | 1.822M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19331 | $5.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.96 | 32024 | 7 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |