Livent Corp (LTHM)

[TradingCharts]

Livent Corp. LTHM, -2.19% fell nearly 8% in the extended session Tuesday after the lithium producer missed third-quarter GAAP earnings and sales expectations and called for lower full-year profit and revenue. Livent said it earned $18 million, or 12 cents a share, in the quarter, compared with $30 million, or 24 cents a share, in the year-ago quarter. Revenue fell to $97.7 million from $112 million a year ago. Analysts polled by FactSet had expected Livent to earn 14 cents a share on sales of $112.6 million. For the full-year 2019, Livent expects revenue to be in the range of $400 million to $410 million and adjusted per-share earnings in a range between 44 cents and 47 cents. The analysts surveyed by FactSet expect EPS of 58 cents on sales of $453 million for the year. In the same press release, Livent said it has signed a memorandum of understanding for a multi-year supply agreement with LG Electronics Inc. for lithium hydroxide starting in 2020.
https://www.marketwatch.com/story/lithium-producer-livent-misses-q3-views-2019-11-05?siteid=yhoof2&yptr=yahoo

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Livent Corporation Announces Dates for Third Quarter 2019 Earnings Release and Webcast Conference Call

https://finance.yahoo.com/news/livent-corporation-announces-dates-third-210000975.html

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Are Livent Corporation (NYSE:LTHM) Investors Paying Above The Intrinsic Value?

Crunching the numbers
We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate:
10-year free cash flow (FCF) forecast

READ THE REST HERE. https://finance.yahoo.com/news/livent-corporation-nyse-lthm-investors-141828927.html

[TradingCharts]

Livent Corporation (NYSE: LTHM) is pleased to announce a collaboration with E3 Metals Corp. (TSXV:ETMC) ("E3 Metals") whereby the two companies will seek to advance the development of E3 Metals' proprietary direct lithium extraction process. Work under this agreement will focus on E3 Metals' petro-lithium brines located in the Leduc Formation in Alberta, Canada.

Livent will contribute its technical expertise and up to US$ 5.5 million to the joint development project. In exchange, upon completion of the project and satisfaction of the full US $5.5 million in funding, Livent will have the opportunity to convert its investment into a 19.9% ownership stake in E3 Metals and appoint one member to its Board of Directors, provided Livent maintains not less than a 5% equity interest.

Paul Graves, president and chief executive officer of Livent commented, "Livent has been a pioneer in the lithium industry for over 60 years. Collaborating with E3 Metals provides an opportunity to build on our rich heritage of innovation and to bring exciting new possibilities to our customers around the world."
http://pub.webull.com/us/news-html/4fbd5bfac90a46ddadd3828c5ae86bf7.html?style=0&color=1&hl=en&sp=1&nid=21445445&tid=950078787

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Part 2 The Global Lithium Podcast team joins Livent CEO Paul Graves

http://lithiumpodcast.com/podcast/e49-2-full-circle-with-fmc-livent/

[TradingCharts]

Livent CEO Paul Graves, on Global Lithium Podcast E49: Full Circle with FMC/Livent

[TradingCharts]

Fernandez, the front-runner for October’s presidential election, told the companies that his team has been working on a plan to create a legal framework that provides certainty for investments in the Vaca Muerta shale oil play and the country’s lithium mining sector, according to a press release about the meeting from his “Frente de Todos” coalition.

https://www.reuters.com/article/us-argentina-mining/argentina-opposition-candidate-fernandez-meets-with-mining-companies-sources-idUSKCN1VG1VV

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Argentina imposes currency controls 9/02/2019

copyright warning so.

READ THE STORY HERE.

https://www.ft.com/content/2387309c-cce9-11e9-99a4-b5ded7a7fe3f

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Wednesday, September 11, 2019 at 11:20 a.m. EST. Paul Graves, president and chief executive officer, will speak at the Credit Suisse 32nd Annual Basic Materials Conference in New York City,

A live webcast will be available on the Livent Investor Relations website

https://ir.livent.com/overview/default.aspx

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Lithium at the LME

Following extensive consultation with the lithium industry, the London Metal Exchange is partnering with price reporting agency Fastmarkets to promote market acceptance of Fastmarkets’ lithium reference prices. Continued adoption of reference pricing across the industry will pave the way for the launch of an LME lithium futures contract.
The weekly prices for two of Fastmarkets MB's key assessments for lithium carbonate and lithium hydroxide will be published on this page each Friday.

https://www.lme.com/en-GB/Metals/Minor-metals/Lithium#tabIndex=0

[TradingCharts]

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. We'll use ROE to examine Livent Corporation (NYSE:LTHM), by way of a worked example.
Our data shows Livent has a return on equity of 17% for the last year. That means that for every $1 worth of shareholders' equity, it generated $0.17 in profit.
See our latest analysis for Livent
How Do You Calculate Return On Equity?
The formula for return on equity is:
Return on Equity = Net Profit ÷ Shareholders' Equity
Or for Livent:
17% = US$88m ÷ US$524m (Based on the trailing twelve months to June 2019.)
Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. It is all earnings retained by the company, plus any capital paid in by shareholders. Shareholders' equity can be calculated by subtracting the total liabilities of the company from the total assets of the company.
What Does Return On Equity Mean?
ROE looks at the amount a company earns relative to the money it has kept within the business. The 'return' is the profit over the last twelve months. The higher the ROE, the more profit the company is making. So, all else equal, investors should like a high ROE. Clearly, then, one can use ROE to compare different companies.
Does Livent Have A Good ROE?
By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. However, this method is only useful as a rough check, because companies do differ quite a bit within the same industry classification. You can see in the graphic below that Livent has an ROE that is fairly close to the average for the Chemicals industry (14%).

READ THE REST HERE....

https://finance.yahoo.com/news/did-livent-corporation-nyse-lthm-113507967.html

[TradingCharts]

Another Look at Livent
Published on August 10, 2019

By Joe Lowry

If you are a regular reader of this space you know I have been quite negative on my former employer over the past few years, calling their hydroxide focused strategy “the House of Cards”; saying things like “it is better to be lucky than good” and even referring to Livent’s CEO, Paul Graves as the “chief reader” of the Livent “story”. Sorry Paul.

First, before I continue with my “partial House of Cards mea culpa”, let me clarify some key points in how I think about the former world lithium #2. For most of the years I worked for FMC Lithium, they were committed to being an industry leader. Unfortunately, with the arrival of new CEO in 2010, FMC Corporation focused on becoming a boutique Ag-Chem company and many suboptimal decisions related to the lithium business ensued. You can trace the beginning of FMC Lithium’s slide to #5 to the arrival of CEO Pierre Brondeau and his decidedly “non lithium” agenda. Not making a value judgement just stating the obvious.

While FMC failed to make resource investments in this decade, their western world competitors, SQM and Albemarle, added capacity; as did China powers Ganfeng and Tianqi. The “Big 3” morphed into the “Big 4” with FMC as the “odd one out” dropping to #5 and rapidly losing relevance.

By Q4 2012, I was out of FMC and by early 2013 I was working with a number of companies: Ganfeng, FMC Lithium’s Japanese JV partner, a large Japanese trading company and several juniors. My long tenure in the industry also led to many short term engagements providing my perspective on FMC Lithium – past, present and future. My comments were generally along the lines of: FMC makes great products but the new management doesn’t understand the franchise or the future. The best example of this was when the CEO had the “revelation” to rebrand FMC Lithium as a “minerals” business and lump it in with soda ash. For someone like me who had spent the better part of a career trying to convince the market that FMC Lithium was THE “specialty chemical” lithium producer seeing a clueless CEO confuse the lithium market with the “minerals” re-branding strategy was hard to take despite the fact I was no longer an employee. Loyalties die hard.

The day after I left FMC in 2012, Paul Graves joined the company as Chief Financial Officer. Last year when FMC spun off the Lithium Division, Paul was named the CEO of the new company that took the name Livent. Long before Paul was directly involved in the lithium business, the hydroxide strategy that I christened the “House of Cards” was announced by the now departed lithium leadership team.

Why did I call FMC’s hydroxide strategy the “House of Cards” back in 2016?

Read the rest here.

https://www.linkedin.com/pulse/another-look-livent-joe-lowry/

[TradingCharts]

This is a good read click the link to read the full article.

Livent Is Susceptible To More Downside



Summary


•The backbone of Livent's lithium operation is its Salar del Hombre Muerto brine project in Argentina that provides the feedstock for its diversified lithium product line.

•Livent's lithium metal intellectual property could one day be an even more important asset. I explain why.

•Livent may have the lowest cost brine production, but Albemarle appears to have the lowest overall cost structure.

•I see shares of Livent as susceptible to more downside.

• This idea was discussed in more depth with members of my private investing community, Industrial Minefinder. Get started today »


Livent's Background

Livent (LTHM) was formed in 2018 when FMC Corporation (FMC) spun off its lithium business. The backbone of Livent's lithium operation is its Salar del Hombre Muerto brine project in Argentina that provides the lithium feedstock for its butyllithium, lithium chloride, lithium hydroxide, and high purity lithium metal production. Albemarle (ALB) and Livent are the 2 main producers of butyllithium which is used in pharmaceutical and polymer applications. Jiangxi Ganfeng Lithium ("Ganfeng") and Livent are the 2 main producers of lithium metal which is used in battery and aerospace applications.

It is worth noting that the future development of solid state batteries would require lithium metal and Livent is currently the only producer of lithium metal in the Western Hemisphere. Livent's intellectual property here could one day become an important asset. The previous lithium business of FMC (now Livent) has a long and storied history in the lithium industry as shown on this pre-spinoff investor presentation slide:
https://seekingalpha.com/article/4285387-livent-susceptible-downside?mod=mw_quote_news

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% of Float Shorted 13.86%
https://www.marketwatch.com/investing/stock/lthm
How would you feel if you were short in LTHM after these two days? Tomorrow should be interesting, do they cover or wait? Thank you, for posting about LTHM on $BAT both stocks will be winners. I'm loaded up. I also find Mike McNamara's, new job interesting.

[ClayTrader]

* * $LTHM Video Chart 08-08-2019 * *

Link to Video - click here to watch the technical chart video

[ClayTrader]

* * $LTHM Video Chart 08-07-2019 * *

Link to Video - click here to watch the technical chart video

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Howard Klein: Rare Earths a Lesson for Lithium Supply Chains

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Emily Hersh: Lithium Extraction, Battery Tech and Supply Chains

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Joe Lowry: Lithium Sector Needs "Big 6" Players

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Robert Mintak
Standard Lithium Ltd.
CEO


Company Name
Standard Lithium Ltd.


Dates Employed
Mar 2017 – Present

Employment Duration
·2 yrs 4 mos

Location
Vancouver, Canada Area

This is from my LinkedIn account
Highlights
1 Mutual Connection

You and Robert both know John Burba
https://www.linkedin.com/in/robert-mintak-6155b98/

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Standard Lithium CEO: Scaling Our Extraction Technology
We worked with large volumes of real brine from the project and tested a whole range of different technologies to determine which general “suite” of technologies would work best with our brine.
https://investingnews.com/ceo-interviews/standard-lithium-tsxv-sll-ceo-robert-mintak-lithium-extraction-technology/

Thought I would post here, could be my other stock I want to buy my stock back before I post on other site. Please wait to post it there thought I would give you a chance also. It could be a nothing burger.

[TradingCharts]

FMC - The Birth Of A Dividend Challenger?




•FMC more than doubles quarterly dividend to $0.40.

•New shareholder remuneration program outlined at Investor Day 2018.

•If FMC can meet its mid-term targets, there is plenty of room for continued double-digit dividend growth.


On December 3, FMC Corporation (FMC) outlined a five-year strategic plan at its Investor Day which comprises a new capital allocation program of up to $4.5B. This amount is quite substantial as it corresponds to more than 40% of the company’s current market cap of $10.3B. The majority (up to $3.2B) will be spent on share repurchases which leaves $1.3B for dividend payments.

FMC has been a company in transformation for several years. With the recent separation of the lithium business and the IPO of Livent (LTHM), the process will likely come to an end in March 2019 when FMC plans to distribute its 85% Livent stake to shareholders. A few years ago FMC used to be a chemical conglomerate, but it is now a pure agrochemical company and also one of the top players in the industry. With estimated sales of $4.2B in 2018, FMC Agricultural Solutions ranks number five globally, up from the ninth place (with sales of $2.2B) in 2014.

Only time will tell, but it appears that FMC made the right strategic moves at the right time. The company has continuously invested in the agrochemical segment and divested other businesses. With the Cheminova acquisition in 2015 and the purchase of the DuPont business in 2017, FMC’s footprint has increased significantly – both geographically and portfolio-wise.

I assume that the timing for exiting the lithium business isn’t bad either. The segment’s top and bottom line grew strongly over the last few years, fueled by the growing demand for batteries. The long-term outlook remains promising, but it is probably more uncertain as it used to be because the anticipated EV boom has attracted large investments. All established producers as well as several newcomers are working on large projects which will significantly increase production over the next years. This leads to the question whether all new capacity will be needed or if it will come to oversupply and price pressure. Livent is as committed to growth as the other players are which means it will require further large capital expenditures in the coming years.

https://seekingalpha.com/article/4229642-fmc-birth-dividend-challenger

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Picked up some today on the dip. Most short covered. better get them cheap when you can.

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Short Volume Ratio 21% (which link to believe?) 6-12-2019

https://fintel.io/ss/us/lthm

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Short Percent of Float 12.11% date 6-12-2019

http://shortsqueeze.com/?symbol=lthm&submit=Short+Quote%E2%84%A2

Nice to see they list naked shorts only a few years ago they were a myth.

[TradingCharts]

G.Research Analyst Joe Catania (5.9.2019)

[Market_Stalker]

Thank you TC! I’m glad to be here. I picked up some more shares today at $6.65. Pretty pumped about that.

[TradingCharts]

Welcome to Livent Corp Market_stalker I own 3 of the biggest short seller stocks Tesla, SIRI, and LTHM. Buy on the dips here at LTHM. The shorts are helping me, buy low. We have 2 months before the next quarterly comes out. Be patient with your buys the MM's will bring the price to you.

The stock of Livent Corporation (NYSE:LTHM) registered an increase of 43.17% in short interest. LTHM’s total short interest was 12.58M shares in June as published by FINRA. Its up 43.17% from 8.78M shares, reported previously. With 1.37M shares average volume, it will take short sellers 9 days to cover their LTHM’s short positions. The short interest to Livent Corporation’s float is 56.02%.
https://financerecorder.com/whats-livent-corporation-nyselthm-upside-after-this-short-interest-increase/

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There Is Reason to Like Livent Corporation (LTHM) and Pure Storage, Inc.
https://postanalyst.com/2019/05/14/there-is-reason-to-like-livent-corporation-lthm-and-pure-storage-inc-pstg/

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Livent Corp aims to derive more than half of its lithium sales from the electric vehicle industry by next year, a shift for a company that historically has supplied the white metal for use in greases and other industrial products, its chief executive said Tuesday in an interview.

https://www.reuters.com/article/us-livent-lithium-electric/livent-aims-to-boost-lithium-sales-to-ev-sector-by-2020-idUSKCN1SK2MP

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UPDATE: Argus Downgrades Livent Corp. (LTHM) to Hold
https://www.streetinsider.com/Analyst+Comments/UPDATE%3A+Argus+Downgrades+Livent+Corp.+%28LTHM%29+to+Hold/15509465.html

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INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Livent Corporation Investors (LTHM)
https://www.apnews.com/Business%20Wire/d6572fd4eb904db98f7958a55947cfa6

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Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Livent Corporation (“Livent” or the “Company”) (NYSE: LTHM) investors concerning the Company and its officers’ possible violations of federal securities laws.
https://finance.yahoo.com/news/glancy-prongay-murray-llp-announces-154200620.html

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INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Livent Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

https://apnews.com/Business%20Wire/a0cc2062230f4a20949ed09fa8c18af4

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Livent Corp said on Friday that two senior executives were leaving to pursue other opportunities, coming just days after the lithium producer cut its 2019 forecast and warned that demand was slipping for a version of the white metal it produces.
Philadelphia-based Livent said Chief Growth Officer Thomas Schneberger would leave at the end of the month and that Rasmus Gerdeman, head of strategy and investor relations, has already left.
Lithium is a key material used to make electric vehicle batteries. Livent has focused its business on one specific type of the white metal, hydroxide, which has seen weak demand in recent months due in part to uncertainty around China’s electric vehicle subsidies.
Livent on Tuesday cut its full-year profit and revenue forecasts, citing weakening prices for hydroxide and lower demand from some customers. The company’s stock has dropped 27 percent since the forecast cut, closing Friday at $8.06 per share.
Livent rival Albemarle Corp has split its business focus between hydroxide and carbonate, another type of lithium, helping to inoculate it from market gyrations. Albemarle posted a better-than-expected quarterly profit on Wednesday and reiterated its full-year forecast
https://www.reuters.com/article/us-livent-executive-moves/livent-executives-to-exit-after-lithium-forecast-slashed-idUSKCN1SG2HT

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$LTHM made some key personnel changes Joe Lowry, twitter acct Landed at LAX on the way to Sydney to hear $LTHM made some key personnel changes - all for the better.... https://twitter.com/globallithium

[ClayTrader]

* * $LTHM Video Chart 05-08-2019 * *

Link to Video - click here to watch the technical chart video

[TradingCharts]

Johnston Asset Management Corp Buys Livent Corp and Reduced Positions in FMC.

New Purchase: Livent Corp (LTHM)

Johnston Asset Management Corp initiated holding in Livent Corp. The purchase prices were between $12.09 and $14.56, with an estimated average price of $13.04. The stock is now traded at around $11.29. The impact to a portfolio due to this purchase was 0.28%. The holding were 516,498 shares as of


https://www.gurufocus.com/news/870470/johnston-asset-management-corp-buys-icici-bank-nvidia-corp-livent-corp-sells-hdfc-bank-jpmorgan-chase-abbvie-inc/?utm_source=cnn&utm_medium=article&utm_campaign=cnn&r=21637c73084e87d770a98f867757282f

[TradingCharts]

The top three lithium producers lost almost a billion dollars in combined market-value after Umicore SA, a producer of metal products and catalysts used in vehicles, among other uses, warned that it will miss analysts’ profit estimates due to slowing slowing demand for electric vehicles in China and South Korea.

Lithium giant Albemarle Corp.’s shares took the largest hit, down as much as 5.5 percent as it counts Umicore among its top three customers. Peer Livent Corp. declined 3.8 percent and Sociedad Quimica y Minera de Chile SA’s ADRs tumbled as much as 3.6 percent. The combined loss at its worst reached nearly $900 million in New York trading.

Given the size and reach of Umicore, the outlook offers a reliable read-through to the broader electric-vehicles and lithium sectors, Vertical Research Group analyst James Bardowski wrote in a note. He reiterated his negative bias on Albemarle, Sociedad Quimica y Minera and the greater lithium sector.News concerning lower Chinese electric-car demand should not come as a surprise, as China said on March 26 that it was cutting electric-car subsidies, prompting investors concerns over future demand in the country. But heading into first quarter results, this latest warning will serve to bolster the risk and put earnings for lithium companies under greater scrutiny.

Livent will be among the first companies to report on May 7, Albemarle will report on May 8 and Sociedad Quimica y Minera on May 22.
https://finance.yahoo.com/news/lithium-firms-near-billion-dollar-161826188.html

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LTHM Technical Analysis

LTHM is up 4.22% on 04/26/19.
LTHM is trading in the range of $10.30 - $13.60 in the past 30 days.
Bullish Indicators
Bullish Engulfing Candlestick Pattern
Lower Bollinger Band Crossover
Bearish Indicators
Neutral Indicators
Oversold (Stochastic Oscillator)

Short term rating on the LTHM stock: BULLISH with a score of 4/5.

https://stock-screener.org/lthm-stock-predictions.aspx

[obutimo]

Thanks Imtc will do

[TradingCharts]

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Dupont Chemicals is one customer. Livent is a spin off company of FMC. If you are going to research customers google FMC lithium. Here is a link from Livent webpage, scroll down and click on the pdf's page 2 https://livent.com/sustainability/ and this page.https://livent.com/market-products/full-product-list/ I thought I was the only one interested in Livent, lol

[obutimo]

ImTc I'M a recent buyer of Livent and have been unable to find customers of Livent-I watched video you posted and was very impressed in it had all automakers using lithium--just wondering which are customers of Livent

In my research I found that TSLA was customer of ALB tHank

[TradingCharts]

Mike just replied to my post this is his response on LinkedIn.
Lithium recovery from the hyper-saline geothermal brine resource in southern California is what I'm referring to. I helped develop the technology. See Controlled Thermal Resources for current information.
https://www.cthermal.com/

[Market_Stalker]

"Utilizing established extraction technology" meaning Simbol's tech...

[TradingCharts]

This is from his bio
Controlled Thermal Resources is in the advanced stages of developing a rapid lithium extraction and production facility; Hell’s Kitchen Lithium, located in the Imperial Valley, California.

This world-scale facility will set new environmental standards for the delivery of battery-grade lithium products while remaining cost competitive in a secure, U.S. location.

Project Snapshot:

- Located within the boundaries of the Salton Sea Geothermal Field in Imperial Valley, California, USA.
- Utilizing established extraction technology, the facility is expected to deliver 15,000 tonnes of battery-grade lithium carbonate equivalent products (“LCE”) in 2023. An additional 15,000 tonnes is scheduled in 2025 with a further 45,000 tonnes to be delivered in future stages.
- Powered by 100% renewable geothermal energy, the facility will extract lithium from mineral-rich geothermal brines using ion-absorbing liquid-liquid technology and utilizing heat to drive the extraction process.
- In comparison to ‘hard rock’ and ‘evaporation pond’ mining methods, this rapid extraction process takes minutes, not months to produce battery-grade lithium products; significantly reducing operating costs while eliminating weather dependency and negative environmental impacts.
- Further benefits include a small production footprint, minimized water usage, and reduced use of chemical reagents. Direct access to rail, road and established infrastructure will ensure Hell’s Kitchen Lithium is the most environmentally advanced lithium extraction and production facility in the world today.
- Opportunities for battery manufacturing companies to co-locate onsite will further enhance a seamless and secure materials and product supply chain.
- CTR has commissioned industry experts in lithium extraction, environmental and social compliance, and engineering to develop the NI 43-101 Preliminary Economic Assessment Report (“PEA”) due for completion in Q2, 2019.

[Market_Stalker]

I checked it out. Looks like McNamara likes type of pipe they're using because it resists corrosion and scaling, which saves on maintenance costs. That is important, but is unrelated to IBAT/Simbol's extraction technology.

[TradingCharts]

Market Stalker run this name Rod Colwell through LinkedIn and look at the comment Mike McNamara posted on Rod Colwell's post.
Rod Colwell
Chief Executive Officer
Controlled Thermal Resources US Inc. https://www.linkedin.com/company/controlled-thermal-resources/

Mike McNamara, P.E. •
That looks like a better alternative to the one we were going to evaluate at Simbol.