Do you hope i think Meanarow is correct is wrong? or do you hope that prices will not go lower before higher. I do believe what he said and I do believe price goes lower which i have shown with math and examples of in the past.
It will go lower because with a price of AUD 6.00 and 100M in profits in FY 2024 that means the PE would be 100M / 935M shares for a EPS of $0.11.
6.00 / 0.11 = PE of 65. I have never seen a stock whose profits have fallen from $542 to $100 in two years have a PE of 20 never mind 65. Can you point out any stock whose profits have fallen 81% in two years that has even a PE of 20? i cannot.
Lynas - Never fails to disappoint, page-553
-
- There are more pages in this discussion • 46 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |