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.
Do you hope i think Meanarow is correct is wrong? or do you hope...
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Last
$6.07 |
Change
0.020(0.33%) |
Mkt cap ! $5.673B | |||
| Open | High | Low | Value | Volume |
| $6.08 | $6.09 | $6.02 | $35.62M | 5.828M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 298927 | $6.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 30108 | 3 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |