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.
I was thinking to myself the other day that if in lieu of...
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Last
$7.10 |
Change
0.000(0.00%) |
Mkt cap ! $6.636B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 837 | $7.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.75 | 1976 | 5 |
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| Last trade - 09.45am 22/05/2024 (20 minute delay) ? |
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Last
$7.10 |
Change
0.000 ( 0.33 %) |
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| Open | High | Low | Volume | ||
| $7.12 | $7.13 | $7.10 | 2421 | ||
| Last updated 10.08am 22/05/2024 ? | |||||
| LYC (ASX) Chart |
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