What PE do you think is reasonable for a company that has been down consistently over last 2 years? My guess is 15 its current PE is 26. in the 2023 AR they made AUD 310M the PE is based on TMM Earnings. At best they will make AU$150 M in 2024. At a $5.00 SP that means a PE of 150M / 924M shares is a EPS of AU 16 cents with a 5.00 SP that is a PE of 31. and it will be 2.5 years of lower revenue and earnings. So explain to me what I did wrong and why you think this is a bottom other that's what you would like. Show all your one day charts. Take a look at mine and tell me why the stock will be over AU 5.00, 2 weeks after AR is released. They made $39M in H1 2024 to make a 150M in 2024 they have to make 110M in H2 can you show how they will do it. They had revenue of 237M in Q3 2023 . What do you think Q3 2024 revenue will be? JMO down substantially YOY. I wish you many more pleasant dreams.
LYC Price at posting:
$5.76 Sentiment: Sell Disclosure: Not Held
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