So at $11.09 equates to $7b MC. last year AKE made $300m in Net Profit. Now, i am not sure if that was the whole fin.year at high lithium price or was it for 6mths or 9 mths of the year on high price.
I expect this year Net Profit to be around $400m and no less than the $300m made last year.
If this hold true, does that then justify a sp $11plus at a MC of $7b plus?
From the sp movement over the past few trading days that its not willing to let the sp drop below $11.
it is suggesting to me, that the market had time to analyse the various earning projections for AKE and even if they recorded another $300m Net profit in 22-2023, the market wont be too disappointed.
As long 23-2024 see increase demand for ev sale and jhina fix its covid issues and inflation n rate drop to normal levels. Importantly, no unnecessary cost blow out.
AKE Price at posting:
$11.09 Sentiment: Hold Disclosure: Held
