first EPS is published twice a year. H1 -0.37C. I expect much better this half personally still expect loss. But small and I would not argue with anyone that says slightly positive. It is close.
They need a stock split. Not sure what your point is with the above list but the above companies have 1000S of times the equity and earnings of Lynas. Many US residents want a split because price is keeping Lynas from listing on the NASDAQ. It is true SP caused them to go to pink sheets. but to be re-listed on a full exchange takes more than price. There is also equity per share and earnings. All helped by split. Debt / equity is one that is not helped by split. I would like a split that had $2 to $4 of sales per share. Right now sales are going up and could be over 400M / yr in just a few Qs. who knows how many shares will be issued buy 2020. Though I agree and want rev split, Until MT K is gone I cannot see any reason to do it. IF mt K debt is off books then Debt / Equity should be improved substantially. Debt will be down and equity up.
Like most things timing of a split is critical. Right now future share count is unknown. Debt level is very high but is certainly going to come down dramatically in next 3 years. Equity at 2C a share is bad but it will go up. Now is not the time for rev split.
Most rev splits lose money for stock holders. Lynas is set up to be one of the few where it helps. It will bring in many new stock holders in the US, if done when company conditions allow it to be listed on NASDAQ right now is not the time. SP will come down to sales, PE and equity. Lets wait till after the split sales PE and Equity / SH have a whole number after "$" sign. It should only be a few years. Note I do not think 1/10 is enough. I am thinking between 1 to between 30 and 50. Reason is there will be 5B to 6 B shares. Earnings will be less than 5 C. I also want number of shares low enough that if they want to do major expansion they can do a SPO to raise funds and stay away from high debt, if they want.
To be successful the split must include a major marketing campaign to bring in new stock holders. that campaign has to have a simple clear message. The message will be easy to explain in the future. Right now it would be hard to first sell a broker, in less than 20 minutes, then give him a message that would get a prospective SH excited in less than 2 or 3 minutes. That is what is needed. If in 2 or 3 years earnings have gone up 10 X or even 50 X , debt that has gone down by 75%, Equity increasing 10 X, now that is easy to explain in 1 minute.
LYC Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
(20min delay)