From my read it looks like A2 has squeezed pricing and this should lift A2s gross margins a lot as volume ramps up again.
Also with registration delays on other products it is probably safe to assume forecast volumes are A2 weighted meaning H2 growth should be greater than 50% to get to 45k tonnes.
This result is very positive A2. but we already knew that because A2 have already provided guidance in H2 if greater than 41%. The other good point would be A2 sales growth will be strong but margins growth will be even stronger. this should result in big upgrade potential.
IMHO
SM1 getting squeezed
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Last
$5.69 |
Change
0.880(18.3%) |
Mkt cap ! $3.808B | |||
| Open | High | Low | Value | Volume |
| $5.59 | $5.72 | $5.38 | $33.66M | 6.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 4442 | $5.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.70 | 2933 | 8 |
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| Last trade - 12.59pm 22/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |
