Patrickm
JP Morgan have run the DCF valuation at a basket price which is significantly lower than what it is today and derived a valuation of $2.17, including the use of an elevated discount rate to account for risk.
So price looks good at current price of $1.50.
Who knows reasons for Morgan Stanley selling. Maybe they are taking profits before the end of the year, maybe they felt they had too much exposure to Lynas- who knows.....?
Anyway- you are entitled to your own opinion. As you say HC is for people to express divergent views. I however tend to agree with JP Morgan's valuation over yours.
PatrickmJP Morgan have run the DCF valuation at a basket price...
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Last
$7.76 |
Change
0.060(0.78%) |
Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.90 | $7.70 | $22.34M | 2.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4481 | $7.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 14225 | 2 |
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| LYC (ASX) Chart |