Last QR day the SP gapped on opening and spiked 18% from previous close, before closing up just 3% for the day on big volume. Warrants were exercised 2 days later. Buy side collapsed and SP price dropped 28% from the peak over 12 days.
Today it didn't gap and it didn't rise at all on the day. Big volume but not as big as last QR day. Buy side hasn't collapsed so far, but what happens if warrant holders happy to cash in at 10-11c? History repeat?
As always the short term SP will be all about how quickly the bondholders want to cash in their warrants. Medium term, whether there is a short term dip or not, I expect the last 2 QRs will demand a re-rating of LYC in the market once the warrants are out of the system.
Last QR day the SP gapped on opening and spiked 18% from...
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Last
$6.10 |
Change
-0.160(2.56%) |
Mkt cap ! $5.701B | |||
| Open | High | Low | Value | Volume |
| $6.14 | $6.16 | $6.02 | $31.69M | 5.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23252 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.10 | 23221 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |