Thanks for taking the time to explain your point of view @dfs1 . Anyone looking for confirmation bias would have found what they are looking for in that post. Each to their own thoughts.
Anyone looking for the reason the share price has fallen so far recently wouldn't find the answer there. The whole supply chain for EV is saturated and the pricing is coming down as demand just isn't where it was expected to be for EV's yet, it might get there one day but it will be a late start to the party. The market environment isn't the friend of PLS at the moment and anyone shorting knows that & has known that for at least a year.
It wasn't long ago that PLS started talking about buybacks as part of their capital allocation and in a short time they have gone from a dividend and the possibilities of a buyback to no dividend and no buyback, that's not normally a good sign to have such a turnaround in a short time. The quarterly next month will be very interesting and is likely to drive the next cycle in the share price. If their cash position continues on the downward spiral there will be further trouble for the share price but like you say it might be cash flow positive.
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Last
$2.81 |
Change
-0.030(1.06%) |
Mkt cap ! $8.460B |
Open | High | Low | Value | Volume |
$2.83 | $2.83 | $2.80 | $19.15M | 6.797M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
67 | 261645 | $2.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.82 | 318740 | 99 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
66 | 322529 | 2.810 |
166 | 1140558 | 2.800 |
38 | 238504 | 2.790 |
25 | 386517 | 2.780 |
19 | 263255 | 2.770 |
Price($) | Vol. | No. |
---|---|---|
2.820 | 276387 | 97 |
2.830 | 387560 | 39 |
2.840 | 402815 | 21 |
2.850 | 242491 | 18 |
2.860 | 139106 | 15 |
Last trade - 13.36pm 03/09/2024 (20 minute delay) ? |
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PLS (ASX) Chart |