Had notlooked at prices in a couple of days. Nd did drop again. Thisdrop was small 1 RMB / KG so in itself not very important. After a seriesof 3 rises two drops in a row does indicate we may be switching to a downtrend. The price drop from March till august was about 15%. ( March USD 47.5 Sept USD 40.4) We had a very positive series of three risesfor a total of 5 RMB before this. This last two drops totaled only 2 RMB. Not very significant. However they do dash any hopes of therebeing a rally any time in the near future which looked possible just a fewweeks ago. IF all the Malaysian problems are solved thenLynas has to show at least a 10% profit on revenue. If there areexpenses clearing up the residue I am sure market will allow them to call thisa one time item and exclude them At these prices 10 % will not beeasy at todays reo prices, in my opinion. NEXT improvements makes this a hard thing to know for sure.
It is myopinion that a 10% profit would have trouble supporting a $2.00 SP for anestablish company. You can do math PE would be over 20.
Here are somecharts for ASX 200 for PE, yield, dividends look at these charts and decide what a good PE would be for Lynas https://www.marketindex.com.au/statistics. Do not think 2 or 3 years out think about next 12 months. Long term thinking is valid buying or holding years ahead of those things happening when near term , one or two years, looks bad just does not make sense!!!
Just areminder La dropped 2 RMB and Ce 0.75 in November They have had no price rises since March. Volume actually means that CE and La price drops will have more of a negative impact than Nd and Pr to profits in H1 ‘19.
Ignoring short fall from NdPr
- Forums
- ASX - By Stock
- LYC
- NdPr Day prices?
NdPr Day prices?, page-19
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.32 |
Change
0.015(0.24%) |
Mkt cap ! $5.930B |
Open | High | Low | Value | Volume |
$6.34 | $6.37 | $6.30 | $9.445M | 1.490M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 26369 | $6.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.32 | 9520 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
42 | 22046 | 6.310 |
31 | 57631 | 6.300 |
14 | 39158 | 6.290 |
11 | 31833 | 6.280 |
8 | 90762 | 6.270 |
Price($) | Vol. | No. |
---|---|---|
6.320 | 7396 | 15 |
6.330 | 29725 | 22 |
6.340 | 40946 | 16 |
6.350 | 47602 | 22 |
6.360 | 41140 | 13 |
Last trade - 15.32pm 17/07/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |