CXO

3.23%

9.6¢ core lithium ltd

final 13.1kt shipment ? … they make it sound like that’s it and...

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boom or bust

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13/07/23

10:42

Post #: 68764423
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Originally posted by zara1950: ↑

Today's Broker Call Thursday, 13 July 2023 CXO - CORE LITHIUM LIMITED Citi rates CXO as Sell (5) - Loading is underway for Core Lithium's final 13.1kt spodumene shipment for customer Yahua, observes Citi, completing the 18.5kt total prepayment agreement.The broker points out final pricing is settled based on the receipt date (i.e. 13.1kt priced at August prices versus April pre-pay pricing).The Sell rating and 80c target are unchanged. Target price is $0.80 Current Price is $0.95 Difference: minus $0.155 (current price is over target). If CXO meets the Citi target it will return approximately minus 16% (excluding dividends, fees and charges - negative figures indicate an expected loss). Current consensus price target is $1.02, suggesting upside of 6.5%(ex-dividends)The company's fiscal year ends in June. Forecast for FY23:Citi forecasts a full year FY23 dividend of 0.00 cents and EPS of 2.60 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 36.73. How do these forecasts compare to market consensus projections?Current consensus EPS estimate is 0.6, implying annual growth of N/A. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is 159.2.Forecast for FY24:Citi forecasts a full year FY24 dividend of 0.00 cents and EPS of 13.60 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.02. How do these forecasts compare to market consensus projections?Current consensus EPS estimate is 12.8, implying annual growth of 2033.3%. Current consensus DPS estimate is 1.3, implying a prospective dividend yield of 1.4%. Current consensus EPS estimate suggests the PER is 7.5.Market Sentiment: 0.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

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final 13.1kt shipment ? … they make it sound like that’s it and Yahua won’t be getting any more …they could of said second shipment

CXO Price at posting: 97.0¢ Sentiment: Hold Disclosure: Held
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Last 9.6¢		Change 0.003(3.23%)		Mkt cap ! $205.1M

Open	High	Low	Value	Volume
9.5¢	10.0¢	9.5¢	$1.953M	19.99M

Buyers (Bids)

No.	Vol.	Price($)
12	786998	9.5¢

Sellers (Offers)

Price($)	Vol.	No.
9.6¢	554921	1

View Market Depth

No.	Vol.	Price($)
7	480805	0.095
5	408001	0.094
13	742133	0.093
9	1148140	0.092
13	967160	0.091

Price($)	Vol.	No.
0.097	30000	1
0.098	500000	3
0.099	492875	5
0.100	866629	6
0.105	3092292	34

Last trade - 16.10pm 09/08/2024 (20 minute delay)

CXO (ASX) Chart

final 13.1kt shipment ? … they make it sound like that’s it and...

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final 13.1kt shipment ? … they make it sound like that’s it and...

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