jn
I ask in good faith because I'm obviously missing the 'penny dropping' on the issue. LYC for simple maths we will say 1.7b@$2 for 3.4b MC.
If LYC paid premium and bought back 1b shares@$3 would the 700m left not drop the MC to $2.1b? For it to still be $3.4b would mean the $3 buy back was a ripp off because the SP would have to go up to $4.85 to equal the original cap. If the share price did go to $4.85 to up the market cap why can't it do that with 1.7b issued shares, not because the volume decreased. Is it a supply/demand issue, rarer share. If so, something rare can be worthless if it has no appeal.
I gather AVL has approx 90m shares to give a MC of $700m. Maybe it's only worth $2 also and MC of $180m.
I thought it was based on the value of a share(being the company) and then x no of shares, regardless. Meaning, if people were willing to pay $8 for LYC our MC jumps to 12.8b, a big ask, but just for example purposes.
- Forums
- ASX - By Stock
- LYC
- when will lynas rally?
when will lynas rally?, page-10
-
- There are more pages in this discussion • 6 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
|
|||||
Last
$6.27 |
Change
-0.025(0.40%) |
Mkt cap ! $5.865B |
Open | High | Low | Value | Volume |
$6.29 | $6.30 | $6.24 | $7.010M | 1.117M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 7744 | $6.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.27 | 7622 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 9559 | 6.260 |
22 | 29346 | 6.250 |
16 | 43278 | 6.240 |
14 | 18177 | 6.230 |
9 | 27633 | 6.220 |
Price($) | Vol. | No. |
---|---|---|
6.270 | 13243 | 28 |
6.280 | 21603 | 29 |
6.290 | 43609 | 22 |
6.300 | 46891 | 13 |
6.310 | 85924 | 10 |
Last trade - 13.03pm 18/07/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |