Well, if there are not sufficient profits to cover the Admin and running costs of LAMP1, then the admin costs, at current levels will deplete the available cash within 2 years.
Add in $50m for a bond to the Malaysian Government (it may be more or less as this is from memory, but it is the last report), and this probably brings the cut off date a little sooner.
And then moving into 14/15 I believe there are some large loans to be repaid, in the order of about $400m - again give a take a tad.
IMO LYC needs to generate about $500m profit by 2015, over and above COP and admin / interest costs.
At current levels (according to the consensus of the 7 analysts covering the stock is for a net profit of about $50m for 2013/14/15 combined.
They may be right or they may be wrong, but on their numbers something has to give.
PS the analysts numbers do not take into account today's news which is disappointing to say the least.
Well, if there are not sufficient profits to cover the Admin and...
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Last
$7.04 |
Change
-0.110(1.54%) |
Mkt cap ! $6.580B | |||
| Open | High | Low | Value | Volume |
| $7.14 | $7.14 | $6.93 | $27.05M | 3.859M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 153694 | $7.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.04 | 51746 | 5 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |