Analysts and X commentators are suggesting a potential loss in FY24 due to lower sales prices, mine expansions and CAPEX adjustments, ergo potentially no dividend. Some are saying sp of $2.85 (sub $8bn mc) or a other analysts price target of $3.40ish.
Sub $3 should spark some very good buy opportunities for the following years when POSCO will see a return, the potential longer term rise in lithium price and added sales from mine expansion. \
PLS should be well cashed for this kind of event, but in any state if it looks like a bad year for sales growth it will sting in the short term.
I'm personally holding and looking for a chance to increase holdings if such an event occurs, if not I''m still happy with the holdings I have.
Analysts and X commentators are suggesting a potential loss in...
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Last
$2.74 |
Change
-0.110(3.86%) |
Mkt cap ! $8.249B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.80 | $2.66 | $184.4M | 67.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 238827 | $2.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.74 | 274109 | 7 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |