The fall in profits in FY24 will be down by more than 1/3 if lithium prices stay where they are. It is simple math. SC6 prices already down by 1/3 on FY23 prices. Profits will likely fall even more than that if there is no rise for the rest of the year. There are some suggestions it may pick up in the coming months, but who could tell. Anyway, just don't be too disappointed if the analysts turned out to be optimists. Is PLS reasonably valued regardless? Answer is "yes", but don't expect fireworks while the price trend is negative.
Good News & Bad News, page-32968
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Last
$3.29 |
Change
0.020(0.61%) |
Mkt cap ! $9.907B | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.31 | $3.20 | $53.42M | 16.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10017 | $3.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.30 | 142518 | 13 |
View Market Depth
| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |