Is it too late to buy A2 Milk and 2 other high flying shares?
James Mickleboro | March 4, 2019 | More on: A2M FMG IV
It certainly has been a positive start to 2019 for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). Since the start of the year the benchmark index has put on a gain of almost 10%.
Whilst this is undoubtedly a strong gain, some shares on the index have outperformed it by a significant margin.
The three shares listed below have been amongst the best performers on the market this year. Is it too late to invest?
The A2 Milk Company Ltd (ASX: A2M) share price has been a big mover in 2019, putting on a gain of 34% for its shareholders. The catalyst for this gain was the infant formula and dairy company’s strong first half result. In the first half of FY 2019 a2 Milk posted a 41% increase in revenue to NZ$613.1 million and a 55.1% jump in net profit after tax to NZ$152.7 million thanks once again to impressive infant formula sales. Whilst its shares look fully valued now, I would still recommend them if you’re prepared to hold on for the long-term.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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20 | 43983 | $5.67 |
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6 | 17273 | 5.610 |
4 | 33072 | 5.600 |
4 | 20359 | 5.590 |
2 | 7656 | 5.580 |
Price($) | Vol. | No. |
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5.650 | 7091 | 2 |
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5.700 | 8222 | 4 |
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