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5.44%

$3.13 pilbara minerals limited

Ann: FY24 Full Year Results, page-58

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GoldenBoys

1,018 Posts.

124

26/08/24

15:20

Post #: 75377133
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Originally posted by malmanu: ↑

Ubs

RESULT HIGHLIGHTS
1. Updated capital management policy to include target leverage ratio <1.5x (net senior debt/EBITDA) through cycle. Dividend payout 20-30% of FCF subject to market conditions and board discretion.
2. Proposed new A$1bn debt facility for refinancing existing debt and to add flexibility and liquidity. Closing cash A$1.6bn.
3. PLS reiterate flexibility in staging growth (P2000 and Latin Resources) when market conditions are supportive.
4. Cost and capital investment review continue with focus on unit costs and capex during P1000 ramp up.
5. No new news on Latin Resources acquisition.

GUIDANCE No changes. FY25 guidance pre-released at Q4-FY24 production update. 800-840kt spodumene production (UBSe 868kt and consensus 830kt), A$650-700/t FOB opex (UBSe A$658/t and consensus A$660/t) and A$615-685m total capex (UBSe A$678m and consensus A$664m).

Valuation
Unchanged $2.30/sh

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I will gladly buy any holders shares at $2.30.

When should I expect this price target MM ?

TT

PLS Price at posting: $2.99 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last $3.13		Change -0.180(5.44%)		Mkt cap ! $9.425B

Open	High	Low	Value	Volume
$3.20	$3.22	$3.09	$357.5M	112.8M

Buyers (Bids)

No.	Vol.	Price($)
68	303397	$3.13

Sellers (Offers)

Price($)	Vol.	No.
$3.14	304274	62

View Market Depth

No.	Vol.	Price($)
51	268382	3.130
56	290715	3.120
40	355676	3.110
44	556333	3.100
51	463728	3.090

Price($)	Vol.	No.
3.140	261443	44
3.150	392086	35
3.160	197879	26
3.170	376178	45
3.180	200606	43

Last trade - 15.36pm 03/10/2024 (20 minute delay)

PLS (ASX) Chart