ASX Share rice
Sun 16 Aug 2020 - 02:34:am (Sydney)

LYC Share Price

LYNAS CORPORATION LIMITEDLYCMaterials

LYC Company Information

Name:

Lynas Corporation Limited

Sector:

Basic Materials

Industry:

Other Industrial Metals & Mining

GIC Industry:

Metals & Mining

GIC Sub Industry:

Diversified Metals & Mining

Address:

PT17212 Jalan Gebeng 3 Kuantan Malaysia 26080

Phone:

60 9 582 5200

MD, CEO & Director:

Ms. Amanda M. Lacaze M.A.I.C.D., B.A., ATCL, MAICD

Chief Financial Officer:

Mr. Gaudenz Sturzenegger

Gen. Counsel & Company Sec.:

Mr. Andrew Arnold

VP of Sales & Marketing:

Mr. Pol Le Roux

VP of People & Culture:

Ms. Mimi Afzan Afza

Company Overview:

Lynas Corporation Limited, together with its subsidiaries, engages in the exploration, development, mining, extraction, and processing of rare earth minerals primarily in Australia and Malaysia. The company holds an interest in the Mount Weld project in Western Australia. It also produces and supplies neodymium-praseodymium material; develops and operates advanced material processing and concentration plants; and offers corporate services. Lynas Corporation Limited was incorporated in 1983 and is based in Kuantan, Malaysia.

LYC Share Price Information

Shares Issued:

699.21M

Market Capitalisation:

$1.82B

Revenue (TTM):

$363.86M

Revenue Per Share (TTM):

$0.54

Earnings per Share:

$0.093

Profit Margin:

0.1783

Operating Margin (TTM):

$0.10

Return On Assets (TTM):

$0.02

Return On Equity (TTM):

$0.13

Quarterly Revenue Growth (YOY):

0.002

Gross Profit(TTM):

$90.49M

Diluted Earnings Per Share (TTM):

$0.093

QuarterlyEarnings Growth(YOY):

-0.799

LYC CashFlow Statement

CashFlow Date:

2019-06-30

Investments:

$-40,631,000

Change To Liabilities:

$6.45M

Total Cashflow From Investing Activities:

$-40,631,000

Net Borrowings:

$-6,973,000

Net Income:

$80.03M

Total Cash From Operating Activities:

$104.11M

Depreciation:

$5.81M

Other Cashflow From Investing Activities:

$-8,352,000

Change To Inventory:

$-7,270,000

Change To Account Receivables:

$-108,000

Capital Expenditures:

$32.28M

LYC Income Statement

Income Date:

2019-06-30

Income Before Tax:

$80.23M

Net Income:

$80.03M

Gross Profit:

$129.89M

Operating Income:

$56.88M

Other Operating Expenses:

$1.08M

Interest Expense:

$21.96M

Income Tax Expense:

$195K

Total Revenue:

$363.54M

Total Operating Expenses:

$73.01M

Cost Of Revenue:

$233.65M

LYC Balance Sheet

Balance Sheet Date:

2019-06-30

Total Liabilities:

$346.46M

Total Stockholder Equity:

$532.35M

Total Assets:

$878.81M

Common Stock:

$1.40B

Retained Earnings:

$-856,331,000

Other Liabilities:

$113.85M

Other Assets:

$56.52M

Cash:

$89.71M

Total Current Liabilities:

$68.93M

Short-Term Debt:

$29.31M

Property - Plant & Equipment:

$659.39M

Net Tangible Assets:

$532.35M

Long-Term Investments:

$51.82M

Total Current Assets:

$162.89M

Long-Term Debt:

$163.67M

Net Receivables:

$9.24M

Short-Term Investments:

$715.91M

Inventory:

$58.33M

Accounts Payable:

$37.03M

Non Currrent Assets (Other):

$4.71M

Short-Term Investments:

$715.91

Non Current Liabilities Total:

$277.53M

LYC Share Price History

LYC News

12 Aug, 2020
Russia plans investment of $1.5 billion in rare earth minerals, critical to the defence, telecommunications and renewable energy sectors, as it strives to become the biggest producer after China by 2030, a top government official told Reuters. Russia's initiative is in line with other countries, such as the United States, which are also trying to curb their reliance on China, home to 63% of global rare earths production and 37% of global reserves https://pubs.usgs.gov/periodicals/mcs2020/mcs2020.pdf.
04 Aug, 2020
Malaysia has approved Australian rare earths miner Lynas Corp's application to build a permanent disposal facility for waste treatment, a minister said on Tuesday. Lynas can build its facility in a waste disposal site identified by the Pahang state government, Khairy Jamaluddin the science, technology and innovation minister, said in parliament. Identifying a location for the permanent disposal facility was part of the requirements set by the Malaysia government when it renewed Lynas' licence to operate in the country last year.
31 Jul, 2020
Investing in penny stocks is primarily the domain of highly risk-averse market participants. The risk profile of penny stocks is, of course, a double-edged sword: investors could lose a lot of money on them, yet could also reap massive returns. Many investors do consider penny stock purchases, but there are significant differences between trading them and higher-priced stocks. We reached out to Finance Professor Andrei Simonov at the Eli Broad College of Business at Michigan State University. We wanted to know whether he believes penny stocks to be a worthwhile investment, or if they are simply too risky to merit a position within one's respective portfolio. Simonov wrote:InvestorPlace - Stock Market News, Stock Advice & Trading TipsBy 'Penny Stocks', different people understand different things. Mostly, it is the term used for "microcaps" or "nanocaps" sometimes not listed on any national exchange, mostly illiquid with high trading cost (Bid-Ask Spread) and high price impact of the trade. That would be OK, but in many cases, this is paired with a lack of verifiable fundamental information. That makes Penny Stocks prone to manipulation and different kinds of fraud. I believe that most small individual investors should avoid those stocks. However, there are other examples. In 2009, Citigroup was formally a penny stock. Granted, it was a highly speculative investment at a time. But "fallen angels" like that are worth looking at.Professor Simonov clearly falls nearer the conservative end of the investor spectrum, which is understandable given his position. It's true that penny stocks often lack the transparency and long financial track records of large-cap stocks. And yes, penny stocks will remain subject to unscrupulous businessmen who maliciously issue penny stocks with fraudulent intent. Thus, investors do need to tread carefully and conduct as much due diligence as possible in this asset class. With common sense and due diligence penny stock investors can succeed.Volatility is high across markets. Interest rates are low. Investors are facing risk no matter where they look, and the investment landscape isn't what it was a few years ago. It may be time to give penny stocks another look. Nevertheless, there are not only 'fallen angels' as Simonov suggests, but also emerging champions within the sector also worthy of investor speculation. For the risk-averse investor here is a list of seven penny stocks worth the risk: * Boxlight Corporation (NASDAQ:BOXL) * Biocept Inc. (NASDAQ:BIOC) * Ampio Pharmaceuticals (NYSEAMERICAN:AMPE) * eMagin Corporation (NYSEAMERICAN:EMAN) * Lynas Corporation Limited (ASX:LYC) * Ucore Rare Metals Inc (OTCQX:UURAF) * Byrna Technologies (CNSX:BYRN) * 7 Dividend Stocks to Buy for Beginners to Income Investing Bear in mind that these stocks all have catalysts making them worth a look. In many cases, a single macroeconomic catalyst alone will trump all other factors when evaluating penny stocks. For example, the stock of a company that benefits from a new federal mandate may provide massive returns after years of lackluster performance. Therefore, an appetite for risk, some luck, and calculated hedging of bets can equate to massive windfalls in penny stocks. Boxlight Corporation (BOXL)Source: Shutterstock Education is undergoing a big transformation around the world. And technology has been the darling of the pandemic. Fotunately, EdTech sits squarely at the confluence of these two sectors. Investors are curious to know what stocks exist therein. Boxlight Corporation is one such company. Like most small-cap stocks, they aren't a household name. The company develops and services eLearning software for the classroom. Essentially, this firm will seek to establish itself as a leader in this burgeoning sector. Their solutions include interactive digital software, 3D printing and robotics STEM-related assets, and certifications to name a few. Among them is its MimioConnect cloud platform for remote teaching and learning.In early July the company announced the appointment of two board members who should provide great direction. They have multiple decades of experience at highly respected forms in the industry. The firm also recently won two excellence awards from Tech & Learning magazine. Boxlight corporation has developed a lot of software and resources which give it many avenues to rise. BOXL shares eclipsed $4 per share in early July after having traded around $1 for the previous year. Current shares are near $2.65. Biocept Inc. (BIOC)Source: Shutterstock Given the search for a Covid-19 vaccine, this list could have easily been all biotech penny stocks. There are many exciting sectors and stocks elsewhere, but here I will focus on two of them.Biocept is a company involved with a Covid-19 vaccine. Primarily, the company deals with cancer diagnostics. The firm is undertaking a vote in order to do a reverse split of its stock to raise its price above the NASDAQ $1 minimum closing bid requirement. It will be delisted if shareholders vote against the reverse split. Clearly it is a volatile stock, yet it serves a noble cause in an important market. * 10 Gaming Stocks That Will Power Through the New Normal Biocept's involvement with a vaccine is bound to pique the interest of speculative investors. The company has assembled a Covid-19 testing kit which will be available in Q3 2020. It is clear the company is attempting to remain relevant with these two latest moves. Ampio Pharmaceuticals Inc. (AMPE)Source: Iryna Imago / Shutterstock.com Ampio Pharmaceuticals is another biotech company that is throwing its hat in the Covid-19 ring. Its primary business is the development of anti-inflammatory drugs against disorders including osteoarthritis and diabetic eye issues. Ampio Pharmaceuticals has been active in the news in the last week as it relates to the pandemic. Additionally, Ampio's drug Ampion is being touted as a treatment against inflammatory syndromes related to Covid-19. The company published a study to that effect on July 20. On July 23 it enrolled patients into its Ampion Covid-19 Program. Should the results prove positive, this stock could rocket upwards from its current $1.17 price. eMagin Corporation (EMAN)Source: Shutterstock eMagin produces OLED microdisplay technology. Its organic light emitting diodes have application in military, consumer, medical, and industrial markets. The company's share price has been marching solidly upward in a consistent channel pattern for the past year, having risen from 32 cents to roughly $1.20. Such a 300% price increase is certain to entice more investors. * 7 Cybersecurity Stocks Hard At Work While We Work From Home Unlike some other penny stocks, EMAN shares have lots of financial information with which to conduct due diligence. Lynas Corporation Limited (LYC)Source: Shutterstock Lynas Corporation is a rare earths miner. There are many such companies, but what sets Lynas apart is one powerful catalyst: its strategic partnership with the U.S. Government. The U.S. Government is worried about its ability to produce strategically important minerals. It is particularly worried about its over-reliance on China for strategic minerals used across industries. To that end it has given a contract to Lynas, an Australian company with significant operations in Malaysia. The contract will allow Lynas to begin building a heavy rare earth separation facility in Texas. When completed, the facility will be the only plant which can separate such metals outside of China. This should make clear the strategic importance of the contract. This looks like a potentially huge business with massive growth potential. Shares currently trade in the $2.50 range but jumped on the news. The Texas facility design will be ready sometime in 2021. U.S.-China tensions will dominate headlines perhaps for several decades. Thus, shares in companies like Lynas, which benefit from that reality, have great potential to grow for a long period. Ucore Rare Metals Inc. (UURAF)Source: Shutterstock Ucore Rare Metals may rise for the same reason that Lynas has risen. However, this seems to be much more speculative. Lynas is clearly a legitimate company with real operations. Ucore has much less transparency behind it. Its website is very thin on information. Nevertheless, it is a stock to keep an eye on. * 10 Gaming Stocks That Will Power Through the New Normal The company has supposedly developed a new, efficient process for separating and purifying rare earth elements. If it indeed aligns itself with U.S. national defense and can deliver, it should rise exponentially. Byrna Technologies (BYRN)Source: Shutterstock Byrna Technologies is attempting to fill a void in the self-defense market. The company produces what looks like a gun that fires bullets but actually fires chemical irritant projectiles. Basically, pepper spray paint balls. The company is trying to fill the void between close-range pepper spray, and longer-range guns which fire lethal bullets. Further, the projectiles are non-lethal and are intended to disarm attackers, or give users ample time to flee. Byrna may have cornered a large market of American self-defense consumers. Many Americans do not want the responsibility and potential liability associated with gun ownership. However, they do want to protect themselves. Byrna's products neatly provide a solution for these consumers. Therefore Byrna may have identified a lucrative revenue base. Byrna's shares have traded below 50 cents CAD since 2013. Shares only recently rose to around 1.70 CAD in June. It may be time to give a few of these penny stocks a serious look. Investors are facing volatility with most any stock. Therefore, now may be as good a time as any to take a risk. These shares are a good place to start.As of this writing, Alex Sirois did not own shares of any of the stocks above. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 7 Penny Stocks Worth the Danger as Pandemic Catalyzes Growth appeared first on InvestorPlace.
27 Jul, 2020
(Bloomberg) -- Lynas Corp., the key source of rare earths outside China, will aim to complete planning work on a rare earths processing plant in Texas by mid-2021 after it won funding from the U.S. Department of Defense. The producer’s shares surged to a six-month high.The contract will allow Lynas and partner Blue Line Corp. to carry out studies and finalize designs for the planned heavy rare earths separation facility, the Kuantan, Malaysia-based company said Monday in a statement. Lynas shares advanced as much as 12% in Sydney trading.“Lynas has the feedstock, intellectual property and track record to deliver a heavy rare earths facility in a timely and low risk manner,” Chief Executive Officer Amanda Lacaze said in the statement.The firm didn’t specify the amount of funding involved in the Pentagon contract. An initial phase of design and planning is likely to cost about $30 million, BloombergNEF said in a May report.The U.S. government’s funding push follows President Donald Trump’s order in 2017 to reduce dependency on imports of critical minerals needed for products including missile systems, electric vehicles and consumer technology. China supplies about 80% of America’s rare earths imports, according to the U.S. Geological Survey.Read more: Trump’s Quest to Quit China’s Rare Earths Hits Outback AustraliaTrade tensions and the impact of the coronavirus pandemic on supply chains have elevated concerns about China’s grip on the market, Lacaze said in an interview last week.Currently, there are no rare earths processing plants in the U.S., and development of three new projects -- including the Lynas plant -- would add about 10,000 tons of processing capacity, according to Sydney-based BNEF analyst Sophie Lu. That’s less than the nation’s total demand, but sufficient to meet military needs, she said.Lynas will aim to complete in preparatory work on the plant this fiscal year, the company said in its statement.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
26 Jul, 2020
Rare earth producer Lynas Corp said on Monday it signed a contract with the U.S. Department of Defense to begin initial design work for its heavy rare earth separation facility in Texas that the Pentagon is providing initial funding for. The 'Phase 1' funding forms part of a concerted effort by Washington to reduce the United States' reliance on China as the world's largest producer of the strategic minerals used to make missiles, cell phones to a ranger of other high-tech equipment. Lynas, the largest rare earth producer outside China, expects to finish the planning and design work for the facility in fiscal 2021.
24 Jul, 2020
The U.S. House of Representatives launched a bipartisan caucus on Friday to focus on ways to increase domestic production of specialized minerals used to make missiles, cell phones and other high-tech equipment. The Critical Materials Caucus is the latest effort by officials in Washington to blunt China's prowess as the world's largest producer or processor of rare earths, lithium, titanium and other niche but important minerals. Representative Eric Swalwell, a California Democrat, and Representative Guy Reschenthaler, a Pennsylvania Republican, will chair the group, which was approved by the House Administration Committee's leadership.
22 Jul, 2020
Q4 2020 Lynas Corporation Ltd Earnings Call
The pandemic also hit demand for rare earths, a group of 17 minerals used in everything from ventilators to iPhones to military weapons, the world's largest producer of rare earths outside China said. Despite the restart, Lynas said its Malaysian plant was operating at only 75% capacity and production at Mt Weld was aligned to the rates in the southeast Asia nation. The automotive industry was especially hard-hit, Lynas said, as global lockdowns hurt demand for the sought-after minerals.
21 Jul, 2020
The U.S. Department of Defense has resumed funding for two projects to process rare earth minerals for military weapons after a review found the grants are in the best interest of the U.S. government, according to documents seen by Reuters. The Pentagon on April 22 awarded Australia's Lynas Corp and privately held MP Materials funding for rare earths separation facilities in Texas and California, respectively. Reuters reported in late April that a Chinese company's minority stake in MP Materials, which owns the only U.S. rare earths mine and is majority-controlled by a Chicago hedge fund, had prompted concerns from U.S. government scientists.
09 Jun, 2020
Q3 2020 Lynas Corporation Ltd Earnings Call
29 May, 2020
Lynas Corp on Friday said it has complied with Australian Securities Exchange's disclosure rules in response to an exchange letter asking the miner about its disclosures on the funding of a rare earths processing plant in the United States. Lynas notified the market on April 22 it had been chosen to receive the funding, and said it then became aware that the U.S. defence department had put the funding for the facility on hold on April 29.
22 May, 2020
The U.S. Department of Defense last month reversed its decision to fund two projects to process rare earth minerals for military weapons, one of which has controversial ties to China, according to three sources and a government document seen by Reuters. The Pentagon decision is a step backward for President Donald Trump's plan to redevelop the U.S. rare earths supply chain and reduce reliance on China, the world's largest producer of the strategic minerals used to build a range of weapons. Australia's Lynas Corp and privately held U.S. firm MP Materials both said on April 22 they had been awarded funding by the Pentagon for rare earths separation facilities in Texas and California, respectively.
12 May, 2020
U.S. Senator Ted Cruz introduced legislation on Tuesday to help revive the U.S. rare earths industry with tax breaks for mine developers and manufacturers who buy their products, the latest attempt by Washington to break China's control over the strategic sector. China is the largest global processor of rare earths, a group of 17 minerals used to make electronics and military equipment. The country has threatened to stop exporting the specialized minerals to the United States amid the ongoing trade war, prompting efforts by Washington to help revive its domestic rare earths industry.
01 May, 2020
Rare earths miner Lynas Corp said on Friday that it hoped to reopen its processing plant in Malaysia next week as the Southeast Asian nation eases restrictions imposed since March to control the spread of the coronavirus. The announcement by the largest producer of rare earths outside China follows the decision by Malaysia to allow the majority of businesses to resume activity on Monday.