Largo Inc T.LGO

Largo 2021 EPS.: Actual vs Analyst Forecast

[kha341]

Management can “proudly” claim that they miss the analyst EPS forecasts of every single Q. 

[NewAgeMetal]

Oh god, they're going to miss the next one as well if it's .30

[ceetong]

Never mind. The WTF family fund holds a large position so everything is fine and dandy!

[kha341]

Notice: The Q2-21 analyst EPS forecast = C$0.30 while the average Euro V2O5 = US$8.19/lb, The Q3-21 analyst EPS forecast = C$0.33 while the average Euro V2O5 = US$9.40/lb,  The Q4-21 analyst EPS forecast = C$0.15 (adjusted down due to flooding / shipping / other problems) while the average Euro V2O5 = US$8.30/lb, The Q1-22 analyst EPS forecast = C$0.30. The  average Euro V2O5

[ceetong]

Production will be ca. 2500MtV (provided no additional issues occur) and they want to build up inventory. So sales could be even lower than that which doesn't bode well for Q1 financial results. Better leave estimates where they are and hope they won't miss again!

[ceetong]

sorry, not mtV but 2500t V2O5.

[island9999]

Largo Mantra has been for years,..".We never fail to disappoint ",.....seriously though they have always had a game plan,but never seem to execute on it.Will 2022 be different? ,guess investors will have to wait and find out,but many are running out of time and patience,...the status quo is fine with management,..they are well paid,..and unlike investors can always count on being

[ceetong]

Right. And they always have another carrot to dangle in front of us. They missed on Q4, they already missed on Q1, too. I follow this company for more than 10 years now and they keep disappointing me time and time again. Hard to see how they could ever turn into a winner.

[ceetong]

10 months later one could copy/paste this text and it would 100% correctly explain the current situation.

[Drhoho]

My read on the market reaction, notwithstanding no analyst change yet forecast, was Ernest Cleave's response to Leon Cooperman's question of LGO's anticipated free cash in the bank at the conclusion of 2022:  an increase of the 2021 end of year ~$US 80 million to ~ $US 180 million, an increase of $US 100 million before paying off the only remaining debt of ~$US 17 million to

[kha341]

Drhoho, You have to take anything EC says with a big grain of salt. He has been proven to be wrong many times before. As an illustration, remember that he said the following in the Q3-21 CC on Nov 11 2021: Ernest Cleave Lee, thank you for your questions again and we appreciate your support…. So I just did some quick numbers, yes, just off the face of our financials. We are probably in the

[ceetong]

I can't believe I'd ever defend the company here but to be fair one has to admit that he could not foresee the massive disruption the heavy rains would cause. The number he gave was based on production of ~3200t V2O5 which could have been achieved had the flooding not happened. Their latest blunder, on the other side, is the fact that they installed a water diversion after the damage had

[ceetong]

Posted 10 months ago: "Their latest blunder, on the other side, is the fact that they installed a water diversion after the damage had been done. So they incurred the cost of the measure AND the cost of the flooding. How clever is that!? And that's what concerns me most. Their execution is sub-par to say the least and the possibilities for them to come up with the next blunder are endless

[NewAgeMetal]

Keep in mind that Chinese V prices seem to be Weakening and Russian v is still moving

[kha341]

How hard was it for a CFO to give a year-end prediction when he had only1.5 months to go before the end of the year? How come he was so wrong in his numbers? And his compensation is more than C$1M per year? The anti-transparency corporate culture at Largo allows the company's executives to say anything they want to in an earnings CC without any repercussions at all. That's why they don’t

[ceetong]

One year later: What has become of the high hopes? CRUSHED! Instead of holding 100M+ cash, the company feels the need to take on additional debt in order to get at least one of the two plants currently under construction completed. The other one (TiO2) is scrapped and all the money already spent on planning, engineering, site works etc. won't see any revenues in return for the foreseeable