0044 GMT - Lithium miner PLS is unlikely to pay a final dividend, according to Macquarie. While consensus points to a year-end payout of 3 Australian cents a share, Macquarie forecasts no dividend. It expects PLS to retain cash for its P2000 project. Macquarie assumes roughly A$1.8 billion in growth capital expenditure will be needed for the project. The bank forecasts 2H underlying Ebitda of A$887 million, 1% below consensus, and diluted EPS of A$0.16, 6% above consensus. Shares in PLS are up 3.0% at A$4.46.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.