Simply wall Steet is picking up one very low-grade analysts work that looks to be nothing more than an attempt to take the Aug 2021 DFS price graph on page 5 of the presentation pack and change from calendar to financial years. A little bit more digging confirms that the simply wall street revenue forecast is A$77.6m of revenue in 2022/23 and A$229m in the 2023/2024.
If Core successfully ramps up to full production in 2nd half 2022, shipping at least half a years production in 1st half 2023 would appear realistic. 95kt @ say US$2k/t and 0.70 is A$271m of revenue and they are "forecasting" A$77.6m. Any version of revenue forecasts based on current spod prices generates a number more than double what this analyst is feeding into Simply wall St's calculations.
The 2023/24 figures are no better. I don't know how exactly they have derived A$229m of revenue in 2023/4 but 192.5kt @ US$825/t and a 0.7 exchange rate is A$226.9m. They appear to be picking up the now outdated August 2021 DFS chart price figures and multiplying them by planned volumes.
Any poster repeating simply wall street's 97.7% forecast annual earnings growth rate as a good news event is simply doing a massive face palm because they are circulating forecasts consistent with Spod prices under US$1000/t.
- Forums
- ASX - By Stock
- CXO
- ASX CXO TODAY
ASX CXO TODAY, page-132
-
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CXO (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.5¢ |
Change
0.002(2.15%) |
Mkt cap ! $207.2M |
Open | High | Low | Value | Volume |
9.5¢ | 9.9¢ | 9.5¢ | $795.0K | 8.194M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 461313 | 9.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.6¢ | 122263 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 450049 | 0.095 |
8 | 534764 | 0.094 |
8 | 1069123 | 0.093 |
10 | 1049967 | 0.092 |
16 | 1369185 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.096 | 122263 | 11 |
0.097 | 443095 | 11 |
0.098 | 751213 | 10 |
0.099 | 1320935 | 13 |
0.100 | 2251681 | 33 |
Last trade - 11.34am 09/08/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |