You like many say PE is not important. Do you ever stop to think a little? Why do you want REE prices to go up? It allows higher profits. But share count is important So we then have EPS which is just Profit divided by outstanding shares. But at some point you have to include share pries so you divide the share price by EPS and that is PE. So if you say PE is irrelevant you should be able to tell me why REE price or Earnings. or Share count or Share price is not relevant. Looking forward to your or somebodies answer. So easy to say if you do not understand what it is.
Also 1/ PE is what Lynas is earning on the share price right you are holding right now. What you paid for it is not important it is todays price. So can you explain why you think holding an asset that is returning 1/172 =0.52% and has seen that % drop steadily over the last 30 months is a good idea. If you bought years ago at $1.00 it makes no difference it is todays price that counts! The price you could sell or buy it for right now. You could increase your current earnings many times selling it and putting money in a bank.
Why do you think ASX having a PE of <30 and paying a average Dividend of >4% and Lynas having a PE of 172 with no dividends is not important? Unlike you who say it is not important with absolutely no reason at all. I have explained why I think it is very important.
LYC Price at posting:
$8.60 Sentiment: Sell Disclosure: Not Held
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