Feel free to correct this opinion but if LYC starts actually paying off the debt doesn't that basically equal a buyback of shares at 10c?
The way I see it a continued rise in prices and converting of more warrants really starts to pressure bondholders into making a choice of converting or taking the money.
Cashflow should be looking pretty good this Quarter and increasing for the next at least because of the longer term pricing mechanisms.
LYC Chart, page-436
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Last
$7.76 |
Change
0.060(0.78%) |
Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.90 | $7.70 | $22.34M | 2.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4481 | $7.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 14225 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |