I do not see this report as negativem but balanced.
The loss of $120 million is an accounting issue as following the Fukushima disaster the company has been forced by accounting standards to write down its assets. This has absolutely no impact on cash generation. The possible negative implication is that the company will not be able to pay dividends until all these losses are covered, but if it is dividends we are after, there are better shares to invest in. This is about recovery of the Nuclear electricity industry and expansion of the Paladin business.
Operationally the company is moving in the right direction and the achievement of bankers completion tests is proof of that.
The lower share price is a buying opportunity for medium to long term investors, but day traiders may do better looking elsewhere.
I do not see this report as negativem but balanced.The loss of...
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Last
$13.01 |
Change
-0.160(1.21%) |
Mkt cap ! $3.889B | |||
| Open | High | Low | Value | Volume |
| $13.10 | $13.15 | $12.94 | $22.67M | 1.736M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2527 | $13.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.02 | 2319 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |