I try to read all the posts here but it is hard work.
I see lots of predictions about how the SP will fall when stock gets allocated (logical response) but no explanation for why it is rallying now?
Has there been a post about what underwriters do in placements and how it can backfire really quickly?
A little while ago the collective wisdom of the market had LYC valued at 30c a share. Now they will have the same amount of cash in the bank and production at full speed so cash flow is better.
I think this will be valued soon at that 30c level less a dilution factor so at least 25c and from there if a few things go well this could be a 40-50c stock again this year.
If current shareholders have held all they way down to 12c and then subscribed to the offer I doubt many will be sellers the second they get an allocation.
This thing could fall up.
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I try to read all the posts here but it is hard work.I see lots...
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Last
$6.80 |
Change
0.000(0.00%) |
Mkt cap ! $6.356B |
Open | High | Low | Value | Volume |
$6.85 | $6.89 | $6.77 | $9.256M | 1.356M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12357 | $6.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.80 | 13181 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12357 | 6.790 |
2 | 6000 | 6.780 |
3 | 12113 | 6.770 |
2 | 25312 | 6.760 |
2 | 12498 | 6.750 |
Price($) | Vol. | No. |
---|---|---|
6.800 | 9043 | 4 |
6.820 | 20113 | 5 |
6.830 | 8832 | 1 |
6.840 | 8832 | 1 |
6.850 | 9432 | 2 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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LYC (ASX) Chart |