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
$3.07 |
Change
-0.190(5.83%) |
Mkt cap ! $9.239B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.07 | $96.53M | 30.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 815921 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 309816 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |