Interesting, people get excited today. I guess maybe it's the GZ future rebounced up CNY2050/t yesterday? PLS quarterly report is by no means impressive. Even with gross CIF margin about A$900, cash balance still dropped, A$1b, of cause need to factor in $400m of dividend paid. Neverless, at US$1113/ton SC5.2 price, the company lost A$600m. Imagine next Q, with currently better SC5.5 OZ spod price is only fetching $850/t in Chinese spot market, how much blood will it lose?
Certainly PLS is still the most robust among the Lithium pact in ASX. Others like CXO & LTR will have even worse situation (kudo to CXO management for halting mining activities). But PLS SP is well over-priced in current market - even ALB has lost 70% from its high. I guess today is probably just a good chance for those wanting to get out of Lithium stocks.
Ann: Update - Dividend/Distribution - PLS, page-7
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Last
$3.05 |
Change
-0.100(3.17%) |
Mkt cap ! $9.185B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.15 | $3.02 | $74.55M | 24.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 89482 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 37502 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |