Australian Broker Call ReportAKETARGET PRICE $16.98Add19 Apr...

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mygalz

179 Posts.

19/04/22

08:57

Post #: 60902691

Originally posted by ljcamp: ↑
it’s pretty clear what time frame bell potter have to
me.

according to their pricing sensitivity analysis they are determining a valuation for AKE now, not a “forecast”.

for the record bell potters fair value appears to be approx $18 for AkE. Based on the above chart US$35k per tonne equates to $25 share price. But that’s for carb pricing.

8x units of 6% spod to produce 1 unit of carb. Mount cat the beast is pulling in us$5k pt for June quarter. Or US$40k per tonne equivalency of carb. So you could argue $25 per share is light on?

furthermore, current spot pricing which is what AKE primarily negotiate future pricing on is currently more that 100% higher than June quarter pricing. The longer the spot price stays at the current levels the higher the second half 22 Pricing for AKE should be. Unbelievable time to be invested in this space and if you have a better investment thesis on offer at the moment on any stock exchange, please do share.

June quarter annualised revenue is approx $2b.

not advice
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Australian Broker Call Report
AKE
TARGET PRICE$16.98
Add
19 Apr 2022
Morgans
Following Allkem 's 3Q activities report, Morgans continues to see long-term valuation upside from persistent tightness in the lithium market. While there were lower product grades and ...
AKE
TARGET PRICE$16.00
Buy
19 Apr 2022
Citi
Given a ten-day shutdown at Allkem's Olaroz project during the March quarter, production came in softer than Citi had estimated at 2,972 tonnes compared to an expected 3,500 tonnes, but...
AKE
TARGET PRICE$18.50
Buy
13 Apr 2022
Ord Minnett
After reviewing supply and demand forecasts for the lithium market, Ord Minnett continues to see significant near-term cash flow gains and valuation support for lithium miners. The ...
AKE
TARGET PRICE$15.10
Buy
08 Apr 2022
UBS
Realised spodumene and carbonate prices, revealed at Allkem's strategy day, were better than UBS had expected. The target rises to $15.10 from $13.80 after the analyst incorporated...

AKE Price at posting: $13.52 Sentiment: Hold Disclosure: Held

42 Upvote

1 Great analysis

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