Nursery
"Fundamentals say the SP should be at least twice that it is at this stage. Without a doubt it is the best value that I see"
Perhaps you could elaborate why fundamentally it should be double its value at least.
LNC just recently had a (non diluted) market cap of $4.5bil, and presently around $3.5bil
It does not have cash flow, its processing plant has set backs, and as yet, without commissioning it still has questions on the ability to crack cleanly the different elements. A question also remains on this sectors small amount of players and price sensitivity. The price with increased players may see a 50% reduction in current spot prices in 2013- 2015, so the sustainability of prices is very difficult to calculate.
Just looking at the market cap in general, it would appear to already have a lot factored in. So you think this currently should be worth $7 to $10 billion?
malaysia, page-23
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Last
$7.15 |
Change
0.010(0.14%) |
Mkt cap ! $6.683B | |||
| Open | High | Low | Value | Volume |
| $7.14 | $7.27 | $7.12 | $40.32M | 5.616M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9062 | $7.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.16 | 6000 | 1 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |