Hi All,
Great presentation today by LTR, I cannot say that I'm surprised as the analysis I had shared previous was incredibly close to the actual results. Thank you to
@eyeinthesky and
@Nick1975 for the kind words regarding the accuracy of my analysis.
It was difficult at time to prepare due to the limited information available, but I hope the accuracy of my calculations is a testament to the good cost guidance that LTR puts out there for us. It is very possible to piece together where the company stands within a very slim margin of error from their disclosures. I was able to estimate the closing December 24 cash balance with only a 1.5% variance, but to be fair a few of my assumptions came to fruition so there was a bit of luck involved! I also would not have been this accurate without the good and bad criticisms of my work (
@fooca@Sjlasx).
I would also hope that the accuracy of my calculations would prove to the great community here that I am not attempting to "ramp" or "down ramp" anything, but to simply contribute in a plain and meaningful way to empower our fellow shareholder base with information to make their own informed judgements. For myself, the analysis presented me with a solid buying opportunity at $0.54 per share last week armed with the knowledge of where we would somewhat land in the December quarterlies... regardless of the share price, the fundamentals will always prevail sooner or later.
Notwithstanding this, the confirmation of the December 2024 quarter results is excellent and it will make it even "easier" to estimate the March 2025 quarter results ahead of time and provide the LTR community here with a running analysis of how we are tracking. No doubt things are tracking well so far. I would also hope that today's presentations squashes any ambiguity or doubt around its ability to navigate into great profitable territories in the coming months and years ahead.
What shocks me the most is how far off the financial analysts have been with their modelling, costings, and price targets. Reading through some of recent news, almost every analyst had their shipped tonnes majorly incorrect which is very appalling and embarrassing for a professional given that the shipping logs are public information and readily available. It truly boggles my mind how these people are paid a salary and devote time to understanding this get it so wrong. If they are short-selling the stock, it is at their own peril.
Can you imagine JP Morgan & Citi with their short positions having to rerate this stock upwards... I wonder how that conversation is going on inside their firms... I think they will have some explaining to do.
Just my thoughts!
Regards,
CK
(20min delay)