Estimated 2nd Qtr Results and Dividend estimate for FY 23

PLS is a great growth and income story. Company financials has changed dramatically from FY 22. However from FY 23 it is likely to leap into a new sphere. An indication has been given in Q1 results as shown above. Q1 cash generation is lose to FY 22. With net cash of above A$ 1.3 billion and a large expansion in pipeline it is likely to another Fortescue in making. With very less stigma attached with Lithium and intact it is main ingredient for renewal story, PLS should attract better PE ratio. I was surprised when it drops nearly 40 percent in a matter of two months. I was attracted to this growth and income story and have started accumulating since early December. As an investment story this is stock for long term hold.
Management announced in Nov 22 that board is looking for a Dividend payout ratio of 20 to 30 percent of Free cash Flow from FY 23. It is expected that Free cash flow for FY is likely to be above A$ 3 billion. A dividend of 30 cents is expected for FY 23. I will not be surprised if an interim’s dividend of 10 cents is announced with half yearly results.
DYOR