LYC 1.32% $6.90 lynas rare earths limited

Ann: Half Year Report FY24 (including Annexure 4D), page-83

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    I checked ASX for LYC EPS and PE day after SAR. It was not updated. Checked it today and it is up to date and includes the SAR numbers. EPS AU$ 0.21 PE 28.93.Most US stock pages have not included the SAR results yet. I will let all of you decide if a company with a 18 month record of decreasing profits can support a PE of 29. JMO but it will cause Price to quickly fall. The AR in 6 months will cause the EPS to fall further. It may be better than the SAR but with Very low NdPrO prices it will be much lower profits than 2023 AR, Au$ 310 M, that Will lower the EPS further, Raising PE further unless SP does not fall. . JMO it will be 75M to 150 M, I will narrow this after the Q3 Report. Unless SP is under Au $ 5.00 the PE will be way over 35. At a SP of 5.00 the company will have to make 234 M for a PE of 20. It just is not going to happen. ALL numbers for EPS and PE are TMM

    LYC share price and company information for ASX:LYC






 
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