I've been building a position on this as the value metrics seem quite irresistible.
2024 forecasts have recently been published on Stocko and I now see their NP is predicted to fall by 40 - 50% for 2024 ($309m in 2023 to $179m in 2024) whereas revenue and normalised EPS remain fairly constant. I've yet to fathom out why. Is anyone following this stock able to shed any light please?
2024 NP forecast now updated, from $179m to $231m since I posted yesterday. Still a fair bit lower than 2023 forecast, which has now been revised to $312m. Forecast revenue and normalised EPS still pretty much identical for 23 and 24. I'm not sure from where these figures originate?
Hi. I just found this stock through my Stock Picker screen. I agree, they look attractive. Price has just piled off but the balance sheet looks good and the Div cover a solid 5x...I'm predominantly a yield investor. Thinking of selling down my LGEN and switching into GSL. Might just wait for LGEN's announcement this week.....famous last words! Happy hunting. All the best
