Panjang
watching lithium miner
there is a bull flag pattern we are breaking out of that would call for a 37 PT if realized fully. Clearly has broken out already and I am late to the game on this name. I am watching for weakness / pullback in this name.
there is a share dilution of 17.5 mln shares ~10 of outstanding shares I believe if my math is correct that is from buying out QLP to take %50 owenrship of Nemaska https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwivovOn3f33AhWXlYkEHUfkAxYQFnoECAgQAQ&url=https%3A%2F%2Fir.livent.com%2Fnews%2Fnews-details%2F2022%2FLivent-Announces-Agreement-to-Double-its-Ownership-Stake-in-Nemaska-Lithium-to-50-Percent%2Fdefault.aspx&usg=AOvVaw2hVOt-tQT9EAW2VX7hvvLj
The dilution window would be about mid June according to the announcement. Mining, especially EV supply chain like Livent is in regards to lithium is a very bullish sector and US gov is working toward building resilient and independent supply chains. Livent has solid looking fundamentals and I am watching this name closely as a share dilution will also adjust the PE multiple to the upside. If analyst est of $1.22 is correct for 22' EPS, at $31/share that puts us around PE of 25, with dilution--> 27.5 if price holds. Obviously not far fetched for a growing miner and forward PE is coming down, just how I am trying to digest the stocks potential.
there is a share dilution of 17.5 mln shares ~10 of outstanding shares I believe if my math is correct that is from buying out QLP to take %50 owenrship of Nemaska https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwivovOn3f33AhWXlYkEHUfkAxYQFnoECAgQAQ&url=https%3A%2F%2Fir.livent.com%2Fnews%2Fnews-details%2F2022%2FLivent-Announces-Agreement-to-Double-its-Ownership-Stake-in-Nemaska-Lithium-to-50-Percent%2Fdefault.aspx&usg=AOvVaw2hVOt-tQT9EAW2VX7hvvLj
The dilution window would be about mid June according to the announcement. Mining, especially EV supply chain like Livent is in regards to lithium is a very bullish sector and US gov is working toward building resilient and independent supply chains. Livent has solid looking fundamentals and I am watching this name closely as a share dilution will also adjust the PE multiple to the upside. If analyst est of $1.22 is correct for 22' EPS, at $31/share that puts us around PE of 25, with dilution--> 27.5 if price holds. Obviously not far fetched for a growing miner and forward PE is coming down, just how I am trying to digest the stocks potential.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.