There we go, everyone. Another financial year was done and dusted.
For longs, we made north of 50% YoY. Not a bad achievement at all. Compare that to what a retail super fund or managed fund will record as achieved over that time period, and you can pat yourself on the back. You beat the market and saved on fees.
The next 6 months will be of interest. Without any black swan events, will we finally make it to $20 over the next 6months as we head towards the merger?
If Livent can continue to sustain its current P/E ratio, when our assets that are considered on a lower P/E join the equation, a party much greater than $20 should be seen.
For now, grab yourself a whisky or wine, and be proud of the money that you made doing nothing, but reading HotCopper from time to time. As simple as that.
AKE Price at posting:
$16.02 Sentiment: Buy Disclosure: Held
