Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on PILBARA MINERALS LTD. We currently have 2 research reports from 1 professional analysts.
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Research reports on
PILBARA MINERALS LTD
PILBARA MINERALS LTD
VSA Battery Market Recharge
22 Aug 16
Underlying demand for lithium-ion batteries continues to be strong and lithium prices are up as a result. However, in line with our expectations, shares of the hard rock development projects, which rallied strongly between late 2015 into H1 2015 have paused. Nonetheless, the divergence in valuations between the hard rock projects and their clay and brine peers remains stark. Following key developments, such as Lithium Americas (LAC CN) JV with Sociedad Qimica y Minera (SQM US), we believe that the additional development risk associated with clay and brine projects is being addressed while cheap valuations along with strong market fundamentals mean that these projects are now attractive, in our view.
VSA Battery Market Recharge
23 Mar 16
Lithium stocks have doubled and doubled again over the past 18 months as reports of US$12,000/t lithium carbonate spot purchases have spread from China with demand growing strongly on the back of rising electric vehicle sales. Although the fundamentals of the lithium market remain attractive, in our view, we believe that stocks now appear expensive and we expect a correction following such a sharp rally. Valuations now reflect the upper end of spot price reports, however, the spot market reflects only a small portion of annual transactions and we expect annual pricing negotiations between the majors to result in more modest increases YoY to around US$8-9,000/t for lithium carbonate and US$9-10,000/t for lithium hydroxide in 2016. Furthermore, recent transactional activity demonstrates clearly the divergence between fair value and current market valuations.
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
N+1 Singer - Morning Song 22-02-2017
22 Feb 17
CORETX (COR LN) Contract wins and new Lifestyle facility | Gooch & Housego (GHH LN) Solid Q1 trading plus earnings enhancing acquisition of StingRay Optics | NCC Group (NCC LN) Further issues in Assurance | PCI-PAL (PCIP LN) Strong H1 underpins positive outlook | UBM (UBM LN) Results | Verona Pharma (VRP LN) Phase IIa RPL554 add-on trial to tiotropium commenced
N+1 Singer - Carpetright - Recovery has just begun
17 Feb 17
With UK LFLs up 6.8% in Jan against tough comparatives, and Europe LFLs up 5.4% in Q3, the first clear evidence is now visible that the transformation strategy is gaining momentum. Given some uncertainties, market forecasts are yet to reflect this, but upgrades seem likely as further initiatives are rolled out. Despite a recent bounce from its all time low, the valuation is still very low on consensus assumptions, where risk now appears to be shifting to the upside. With scope for re-rating too, our 300p target price has the scope to grow to 500p over 18 months. We re-initiate with a Buy.
The Crown Joules
15 Feb 17
We believe that own-brand retailers that operate a balanced multi-channel proposition will be well placed to prosper in a competitive apparel market going forward. Joules is one company in particular which we believe will outperform the sector given its loyal and growing customer base, distinctive brand and strong track record of opening profitable space. We initiate coverage on the shares with a buy recommendation and price target of 249p, implying upside of 16.9% over the prevailing market price.
Panmure Morning Note 19-01-2017
19 Jan 17
Pets at Home have released a Q3 trading update this morning that will disappoint the market. Group like-for-like revenue growth was just +0.1% through 3Q16 as subdued trading across the Merchandise business weighed on continued strong growth in Veterinary Services. Profit outlook for FY17 remains in line with expectations. Suspect the shares will come under pressure.