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.