Given that insto's did indeed pay 75c for a far larger chunk of LYC than will be available under the SPP and this is in effect "reverse dilution" i.e. the cash backing on the balance sheet has a positive effect vs the share price now well below 75cents then ---------
Who here thinks NC and LYC management actually did the best possible job for existing shareholders in getting the raising away within a very limited window. ?
I for one think that NC needs a round of applause for te equity / balance sheet management to date throughout this whole sorid process of having the business unduely politised. TU for NC and LYC management in balance sheet management. ( I am not commenting in this post on other aspects of the situation )
Given that insto's did indeed pay 75c for a far larger chunk of...
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Last
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B | |||
| Open | High | Low | Value | Volume |
| $7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6556 | $7.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.77 | 3385 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |