dividends

Many people want dividends. Lets look at some facts.

All major indexes in the us have higher yeilds than ASX
US stock pay much lower dividends
S&P 500 about 2 %
ASX 200 2.8%
So there is a reverse relation ship between dividend and total yield JMO better to reinvest in company.

What can

Next lets look at Lyas and see if they can afford a Dividend. Cancelling a dividend or lowering it is always bad for stock price.
Here is a chart of CAP EX spending since 2019. all from Q reports


The 2019 plan called for 500M in Cap ex. Since then We have been told many times that KAL is 500 M now. Based on US grants and what I think size of Texas will be I am pretty sure that Texas will be mote than they planed. JMO 2019 plan needs at least 300M more in CAP EX spending. Now we have a MT weld Expansion with a 500M CAP EX cost so at minimum by 2024. That is 800 M in less than 3 years since everything is FY.

AL keeps saying they do not want to lose Market share. I totally agree. But in 2025 they will already be hind 2019 as far as market share so they have to spend more to grow.

This will be a great year sales revenue H1 to H2 more than doubled and will be 944M for the year. On June 10 2022 NdPrO was 962 RMB with vat. It has fallen to 753.5 RMB today a 22% drop in less than a month. Everyone loves to point out that most of the price increase goes to the bottom line when prices rise, that is true. Do not forget the same is true when prices go down. Because of the lag in, book to bill, I believe Q1 will be as good a Q as Q3, possibly better. Q2 could be a real bad shock to many. Since Q2 will reflect spot prices July - September.

If you disagree you can put forth a solid argument. Or if incapable just throw some insults then block me. Either is OK with me.