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
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18985 | $6.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.25 | 53073 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |