PLS 3.84% $3.51 pilbara minerals limited

Ann: PLS Annual Financial Results & FY22 Guidance Presentation, page-3

  1. 1,459 Posts.
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    I've been lurking for a while. not a holder but was waiting to enter after seeing results. here's my 2c.

    generally, a solid report. to summarise my thoughts:

    • Overall gross profit is now positive, from -$28M to +$20M
    • Operating profit only marginally negative at -$5M compared to -$71M last year.
    • Interest on loans is halved, very nice.

    So really, last year the loss was $100M with no acquisition and now, the loss is $51M with a great acquisition.

    I see any weakness here a buying opportunity. However, depends if the market was expecting more. Keen to see price action tomorrow.

    Also will be reviewing tonight to see if a Cap Raise is on the horizon for any reason.

    https://hotcopper.com.au/data/attachments/3513/3513441-319410f46c74affdb7c3c7f216e2790e.jpg
 
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