Agree with positive synlait results we could see it bounce and not return but I'm not convinced long term it will stay trading high.
I think the p/e is currently approx 32 based on $300mill npat for FY18/19. I normally view A2 as trading between 30-40p/e so possibility of dropping some more. Who knows what the future holds? I think for the next few months the trading window is between approx $12 and $15. Would love to see it run on a continued trajectory of the past 5months just not sure that is sustainable with the earnings announced and all the short term trading on the stock. Patience and A2M will deliver I'm 100% in belief on that.
Not sure how the election may affect the market if capital gains tax etc is increased for long termers which is something else too watch out for. Could be a bumpy ride the next few months
9 Red ...Tomorrow Green ..., page-15
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Last
$5.45 |
Change
0.640(13.3%) |
Mkt cap ! $3.808B | |||
| Open | High | Low | Value | Volume |
| $5.59 | $5.72 | $5.38 | $59.39M | 10.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 50150 | $5.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.45 | 77730 | 4 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |
