LYC 2.09% $6.09 lynas rare earths limited

NUF, page-61

  1. 7,479 Posts.
    lightbulb Created with Sketch. 503
    Welcome back. Though I often disagree with you I learn from the explanations you give. Your not using intimidation to win arguments.

    I will buy when I see an REO price recovery happening. REO prices that will bring Lynas's. PE down to a respectable 20 ~ 25. Till then I will stay away. Profits will propel this stock to AUD 5.00 or higher. Right now it has a TMM PE of 78, ASX 200 about 15. I do not see how sp can go anywhere but down in the near future. Now a great FY 2019 profits could make TMM PE go down and SP go up but with current REO prices I just do not see that happening.

    https://finance.yahoo.com/quote/LYC.AX?p=LYC.AXShows TMM PE. 77.93

    Using a SP of AUD 2.00. To bring PE down to 20 would require a profit for year of AUD 67M - 19M H1 = 29M My guess it will be less than 15 M

    Last edited by ContraryJ: 21/05/19
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.09
Change
-0.130(2.09%)
Mkt cap ! $5.692B
Open High Low Value Volume
$6.12 $6.21 $6.09 $15.72M 2.568M

Buyers (Bids)

No. Vol. Price($)
6 52453 $6.08
 

Sellers (Offers)

Price($) Vol. No.
$6.11 8000 1
View Market Depth
Last trade - 16.10pm 30/07/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.