anybody interested in an historical analysis of PLS?
last time we had a spod price around US$660 was in April 2019.
It was in this year that PLS did it's first shipment and then the spod price dropped to around $400 due in part to COVID in 2020.
production was then was about 175kt
and the share price was about 44c - 49c
5 years down the track to today and the spod price is still about $660 (ie sp 5.3%)
and instead of going into COVID we are are headed for a recession.
But the big difference is that we are producing a lot more. where we were producing 175 kt we are now producing 820 kt ie 4.7x (820/175 = 4.7) what was produced in 2019.
so the share price should therefore be 4.7x larger
ie $2.30
($0.49 x 4.7 = $2,30)
And another big difference, we have is a lot more cash than what we had back then.
In 2019 we had $63m in cash and we now have about $1,600m in cash
so about $0.03 per share in 2019 vs $0.53 today
therefore less chance of dilution due to capital raising and more capacity to grow the business.
so maybe we are actually worth a bit more than $2.30.
I estimate 50c more say about $2.80, minimum
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Last
$2.58 |
Change
-0.170(6.18%) |
Mkt cap ! $7.768B |
Open | High | Low | Value | Volume |
$2.70 | $2.71 | $2.57 | $74.99M | 28.44M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 190462 | $2.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.59 | 6931 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 190262 | 2.570 |
18 | 443095 | 2.560 |
35 | 296442 | 2.550 |
6 | 222082 | 2.540 |
3 | 3195 | 2.530 |
Price($) | Vol. | No. |
---|---|---|
2.590 | 6931 | 2 |
2.600 | 310620 | 5 |
2.610 | 644789 | 12 |
2.620 | 10762 | 1 |
2.630 | 61000 | 3 |
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