Pick a metric? P/E, price to book?
Price to book is under .33 now. Seems ridiculous this could be taken over at double the market cap today (which would go through, I'd accept today) and that would be a price to book value still way too low?
I don't know when individual stocks decouple from the sector but this one is undervalued on every metric (even at these lithium prices) it seems like to me so take your pick in pricing it. Unfortunately though, ALTM likes to drop more and recover less for some reason - though I don't love this management, I do think that is an opportunity as I think (or hope) it looks like they are managing capital quite responsibly now (e.g. I hope they take the 100M savings at Cattlin and do some debt or liability reduction). I think they can easily ramp up the Sal De Vida and Fenix sequential slow down again also if prices rise (maybe leave James Bay still for a bit).
General Discussion, page-2324
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Last
$8.08 |
Change
0.030(0.37%) |
Mkt cap ! $2.366B | |||
| Open | High | Low | Value | Volume |
| $8.05 | $8.09 | $8.05 | $7.213M | 893.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $8.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.09 | 12206 | 7 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LTM (ASX) Chart |