Yes Lynas is the leader in many ways. I will agree with pole position. So What? With a market share of less than 10% they have limited control over prices. At these prices They may be profitable for a while till the 1.5B of cap X hits the profit line. They made AUD 0.09 in 2024 which gives Lynas a profit but very slim. Its PE at 8.00 sh is 89 Vs over 20 for S&P and about 20 for ASX 200 which has a high dividend rate, 4%, and dividends always raise PE.
This rise in price is amassing. Looking at the returns over last 2 years. 2022 EPS $0.60 2024 EPS $0.09 I see little chance for upward movemrnt. I have been very accurate on Revenue and Earnings. I have been very wrong on SP. Do what you think is best.
LYC Price at posting:
$8.02 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)