Antinuclear

Uranium company Paladin makes a loss, amid negative prospects for the future

the major risk for Paladin in the short to medium-term is the uranium price, with RBS Australia painting a somewhat negative view of this..

Uranium Price Dominates Paladin’s Prospects, 30/08/2010,  Money,  Chris Shaw Full year earnings for uranium producer Paladin  fell short of expectations, the company delivering a loss of around US$53 million against market expectations of a loss of closer to US$21 million…..

Management at Paladin will hold a conference call later this week to discuss the result in more detail, but on the back of the numbers announced last week some brokers have trimmed their earnings estimates.
As an example, Macquarie has cut its forecasts for FY11 by around 12% and in FY12 by around 3%, the changes largely reflecting increased depreciation charges. Goldman Sachs has also lowered its estimates for both FY11 and FY12 by around 1%, while others such as BA-ML intend to wait until after the investor briefing……

An improving production outlook means the major risk for Paladin in the short to medium-term is the uranium price, with RBS Australia painting a somewhat negative view of this…. Macquarie agrees the next year is not likely to offer the company any free kicks with respect to uranium prices…. Deutsche Bank agrees the stock is a Sell,

September 2, 2010 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business, uranium | antinuclear, Australia, nuclear costs, uranium