Just like to point out That I have been estimating Profits for 2023 at about 300 M. 2 X H! which was AUD$150M. UBS has been consistently much higher. and many have pointed this out to show how wrong I have been, Now just 1 month before end of year they say lower REE prices are far more important than MAL licenses which I have been saying for a long time and revise their FY 2023 forecast down to AU$321 which is about what I have been saying. about 7% more. Yet I have been called many names for my predictions the gentlest is Down ramper. They still kept a fairly high future SP but I do not think that is realistic with Earnings dropping from H2 2022 AUD 541M- 156M = 385M to H2 2023 321M - 150M = 171M a 55% drop YOY.
The only question for me is how far will SP Drop below 5.99 2 weeks after AR release. Mark your calendars for early Sept to check.
LYC Price at posting:
$7.42 Sentiment: Sell Disclosure: Not Held
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