So, I've been holding this stock since 2011, so I believe that I qualify as a "long-termer". All the way down from my initial purchase of $2 (now $20/share) to $1.50 a share (was 15 cents!). The run-up over the past year or so has been fantastic - I am definitely in the black at this stage. I seem to recall predicting a $6/share (or something close) valuation in a post on here and being laughed at. That's cool, but I believe that LYC has a lot further to run - which brings me to my latest pondering.
When will LYC post a dividend to us long suffering shareholders? What needs to happen before that momentous day happens?
I understand that we still have some debt, but I get the feeling that profit will rapidly pay-off this debt. We have a significant amount of accumulated losses ($600+ Million?), but they are spent funds, and can be used by LYC to write-off profits, can it not?
We are funding a new facility in Kalgoorlie, but that appears to be going great - as do many capital infrastructure projects in WA, we do a great job of this sort of thing, so we can bank on that sucker being sorted soon.
We're working on around 18 cents a share in current earnings, with a forecast of around 30+ cents in the near future.
Given that we are in this to make money in a sustainable manner, surely we must be approaching a point where we should be seeing a dividend plan being announced?
NOTE to US contributors. I am aware that US companies don't appear to pay dividends, with most investors making money from trading. This does NOT interest me. I am in LYC to support a company that is going to help save the planet for my kids (and make money, but through dividends), so I don't care for any commentary that reflects "other" jurisdictions. I welcome your input - of course - but don't try and tell me that "your" system is better, because yours is cr@p!
- Forums
- ASX - By Stock
- LYC
- Lynas's Maiden Dividend
Lynas's Maiden Dividend
- There are more pages in this discussion • 56 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.56 |
Change
0.090(1.39%) |
Mkt cap ! $6.131B |
Open | High | Low | Value | Volume |
$6.53 | $6.58 | $6.51 | $14.95M | 2.285M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | $6.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.56 | 6919 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1500 | 6.540 |
1 | 384 | 6.530 |
4 | 13946 | 6.500 |
2 | 703 | 6.450 |
1 | 1560 | 6.410 |
Price($) | Vol. | No. |
---|---|---|
6.570 | 29126 | 6 |
6.580 | 17347 | 5 |
6.590 | 4190 | 2 |
6.600 | 82648 | 20 |
6.610 | 2595 | 3 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
Last
$6.55 |
  |
Change
0.090 ( 1.39 %) |
|||
Open | High | Low | Volume | ||
$6.53 | $6.58 | $6.51 | 732559 | ||
Last updated 15.59pm 03/05/2024 ? |
Featured News
LYC (ASX) Chart |