It would be a proposition, in my view, to arrange finance through new borrowings to repay debt and pay out Mt K one way or another. This time they wouldn't have to go to a lender of last resort as they had to do to save the company. Last time they were struggling to survive and the business case was really a basket case. Now they can show a company with a viable business. It would be better to have some debt rather than further share dilution.
A share buy back would be better financed from profits. Profits which are starting to be generated. Of course retiree investors would also like to finally receive a dividend.
LYC - a takeover theory, page-6
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Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |