Australia's largest stock trading and investment forum Australia's #1 stock forum

PLS

Click for more information

2.15%

$4.05 pilbara minerals limited

Good analysis Don93. A $150m payout or 5c per share dividend is...

First 3711 Last

Share
Profile

Follow
fiveyearplan

445 Posts.

168

08/12/23

13:00

Post #: 71347264
Share

Originally posted by Don93 ↑

It's hard to say what the average pricing is going to be for the quarter, but PLS always seems to be on the wrong side of things when the price is coming down (and generally on the right side of things on the way up, as Dale has explained.

A 10c dividend would be a $300m dividend so that would be very unlikely, unless there is a change to the payout % currently indicated in the capital management plan. My estimated gross profit is $565m for the first half, less tax gets to around $400m. Then you have some overheads to take out of that. I would think the dividend will be closer to 5c which is a $150m payout which I'm happy enough with given the conditions.

The $1,325 pricing below is my estimate of $1,500 SC6 converted to SC 5.3. There is probably some upside here but I want to look at the worst case scenario. The shipping could also be over 165,000t given the 5th ship and left and probably 1 more before NY.

Expand

Good analysis Don93.
A $150m payout or 5c per share dividend is my minimum expectation.
Keep in mind that the almost $3bn on the balance sheet should have been earning at least 5%, which could add another $150m.

PLS Price at posting: $3.72 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 634 more messages in this thread...

First 3711 Last

Add PLS (ASX) to my watchlist

(20min delay)
Last $4.05		Change 0.085(2.15%)		Mkt cap ! $12.17B

Open	High	Low	Value	Volume
$4.07	$4.20	$4.03	$63.80M	15.51M

Buyers (Bids)

No.	Vol.	Price($)
50	82071	$4.04

Sellers (Offers)

Price($)	Vol.	No.
$4.05	50663	10

View Market Depth

No.	Vol.	Price($)
34	65266	4.040
35	168927	4.030
19	126383	4.020
20	102453	4.010
33	280761	4.000

Price($)	Vol.	No.
4.050	114680	48
4.060	95357	25
4.070	239998	22
4.080	220718	26
4.090	115727	15

Last trade - 13.46pm 30/04/2024 (20 minute delay)


Last $4.04			Change 0.085 ( 2.34 %)
Open	High		Low	Volume
$4.08	$4.20		$4.03	4373122
Last updated 14.04pm 30/04/2024 ?

PLS (ASX) Chart