This is in line with expectations. The Gebeng plant only really fired up in February and has only entered production in the last 60 days. If Noyrez is projecting $297 Million in sales, this takes into account the ramp up phase and low RE prices.
They predict a small profit of $3.7 Million, but as RE prices recover the additional profits drop almost directly to the bottom line. Net income also means they are servicing debt, so that is an even better sign.
It all looks pretty square to me. That 45% of the company is owned by shareholders in the States is also interesting.
I think this is a buy signal.
This is in line with expectations. The Gebeng plant only really...
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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 |