Hi Folks
It's a boring day just ahead of tomorrows March Quarterly report.
So I thought I would take just a quick look at the daily PLS chart.
Looks like a fairly simple ABC downward wave pattern that started in early March.
* Downward A-wave 19.5% drop.
* B-wave retracement bounce just beyond the 38% B-wave FIB retrace (fairly normal).
* C wave downward extention in early stages. A sustained drop below 3.70 will bring the potential C-wave extentions into play.
I did some quick modelling of my expectations of the main results of the quarterly report.
* I expect that Shipped 5.3% spod to be in the range 150-170K DMT, Last quarter 160K DMT.
* I expect that $US price for shipped 5.3% spod to be in the range $US 1,030 - 1,130, Last quarter $US 1,113
* Finally an estimate of $AUD revenue for the quarter. Last quarter Dec 2023 $AUD 264m, Last Mar quarter 2023 was $AUD 1,093m.
My estimate for the Mar quarter 2024 in the range $AUD 225 - 275m.
PLS $AUD revenue for the FY 2022/23 was 4.1B.
My expected PLS $AUD revenue for the FY 2023/24 is 1.4B. So about a third of the previous years revenue.
Just my opinions so DYOR.
We shall see shortly.
cheers Lies
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Last
$3.71 |
Change
-0.045(1.20%) |
Mkt cap ! $11.18B |
Open | High | Low | Value | Volume |
$3.73 | $3.75 | $3.68 | $20.16M | 5.437M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
56 | 183182 | $3.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.71 | 87505 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
55 | 191952 | 3.700 |
45 | 209800 | 3.690 |
41 | 486256 | 3.680 |
26 | 144631 | 3.670 |
25 | 186207 | 3.660 |
Price($) | Vol. | No. |
---|---|---|
3.710 | 111110 | 30 |
3.720 | 274446 | 33 |
3.730 | 158638 | 24 |
3.740 | 264264 | 21 |
3.750 | 135755 | 27 |
Last trade - 11.14am 05/06/2024 (20 minute delay) ? |
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Last
$3.70 |
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Change
-0.045 ( 1.59 %) |
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Open | High | Low | Volume | ||
$3.73 | $3.75 | $3.69 | 1825736 | ||
Last updated 11.33am 05/06/2024 ? |
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