I was thinking to myself the other day that if in lieu of dividends, a stock buy-back plan might not help stabilize the volatility.
We have a billion shares floating. That allows for quite a bit of jiggery-pockery with the stock.
Over 1-2 years, if you reduce the outstanding shares by X%, the share price would increase, and the float would be tighter.
It seems shareholders loves stock buy-backs as much as they love dividends.
You know me though, I'd like LYC to hold its capital, rather than disperse it.
Just a thought. Just adding to the conversation.
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Last
$9.28 |
Change
0.280(3.11%) |
Mkt cap ! $8.680B | |||
| Open | High | Low | Value | Volume |
| $9.17 | $9.37 | $9.02 | $35.23M | 3.807M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29560 | $9.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.30 | 457 | 1 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| LYC (ASX) Chart |