Please refer to 29 July corporate presentation announcement, 8th slide titled ‘June quarter production and sales balance’. Cash balance increased by ~A$589.3M for the last quarter. So in a year PLS can generate $2b cash.
If you assume all this $2b cash is from profits and by applying a PE of 20 (afforded to growth stocks) you can arrive at $40b marketcap or $14 per share.
These are very rough calculations I did for myself and feel $14 is very possible in next year. Remember that PLS is still ramping up and more production from old Altura plant is possible (with bigger BMX sales).
(LT holder from 30c days here)
Anyway let’s enjoy the great week and new ATHs for PLS holders. Have a great weekend all.
Please refer to 29 July corporate presentation announcement, 8th...
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Last
$3.02 |
Change
0.080(2.72%) |
Mkt cap ! $9.090B | |||
| Open | High | Low | Value | Volume |
| $3.01 | $3.04 | $2.96 | $59.25M | 19.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 40915 | $3.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.02 | 318781 | 14 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |