I don't see how this would improve the business? If you have vast wads of cash you don't know what to do with then giving it back to SH though a buy back can make sense. But borrowing to give shareholders money? Its a zero sum game.
LYC - a takeover theory, page-17
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Last
$6.71 |
Change
-0.190(2.75%) |
Mkt cap ! $6.309B | |||
| Open | High | Low | Value | Volume |
| $6.78 | $6.78 | $6.69 | $4.954M | 737.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 9970 | $6.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.71 | 8982 | 33 |
View Market Depth
| Last trade - 12.22pm 23/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |