Because of the way LYC has generated positive cash flow - getting basically COD from customers and paying suppliers 90 plus days - they need to have continued growth in revenue to maintain positive cash flow on the low margins based on the ASP.
The company has already told the market that the pricing is longer term and you can see the ASP in the Sept qtr. I would not expect to see to much of an increase in ASP in the Dec qtr. If volumes have not grown then they may have to had to dip into the cash (same if any customers are not paying virtually o delivery)
No idea of volumes but just throwing out a possible reason, we will know in a month or so.
Because of the way LYC has generated positive cash flow -...
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Last
$6.40 |
Change
-0.005(0.08%) |
Mkt cap ! $5.986B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $16.75M | 2.610M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11105 | $6.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 151974 | 6 |
View Market Depth
| Last trade - 15.59pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |