I am happy you all are talking re this. But alas, it means the price may go up again before I find some more cash to buy.
I just see they LOST $9 mill USD last year. They have a $10 mill USD sugar hit (no costs) that will hit THIS FIN YR. So just on that, they are $1 mill USD profit this fin yr. Of course the $10 mill is a one off, but that ignore any improvement in the other sides of the business. Hence, I am quite sure THIS yr LDX accounts will be a profit. $1 mill or $3 mill or $5 mill USD... who knows
Then that leads to the 2024-25 fin year. Can they become profitable without another sugar hit. Just on the non sugar manufacturing.
It is quite possible FDX is actually, from now, a profitable company. Now you can start valuing it on normal fundamentals.... soon
LDX Price at posting:
7.9¢ Sentiment: Hold Disclosure: Held
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