Ahh good old Morningstar. I remember going against their recommendations and holding onto my AWC shares when they listed them as a sell claiming their research showed them to be 40% overvalued only see them double in value.
They now give a glowing 3 year outlook on A2M's future growth prospects and end the article claiming current holders can look forward to a triple digit return on invested capital over that time frame. So current holders are looking at a SP in 3 years from now of at least $25 yet it's off their share recommendation aquire list? ???
I guess they see it as a poor return on capital then, look forward to what shares they will recomend that are a safer bet to double their SP in the same time frame. Personally I think the SP has got plenty left to run and I would only consider selling down more after tomorrow's announcement and only if share price gets well ahead of itself like it sometimes does.
We have to remember that although history is not a perfect indicator of A2M SP future movements everyone who has sold out on a peak, bar the last one, has seen it go onto new highs. Tomorrow's announcement will show us whether the SP ATH will be eclipsed or not. I believe it's not a matter of if its going too, it's a matter of when it's going too.
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$5.74 |
Change
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Mkt cap ! $3.808B |
Open | High | Low | Value | Volume |
$5.79 | $5.79 | $5.70 | $762.1K | 132.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 572 | $5.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.74 | 1127 | 6 |
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No. | Vol. | Price($) |
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1 | 5399 | 5.630 |
6 | 17273 | 5.610 |
4 | 33072 | 5.600 |
4 | 20359 | 5.590 |
2 | 7656 | 5.580 |
Price($) | Vol. | No. |
---|---|---|
5.650 | 7091 | 2 |
5.670 | 9037 | 3 |
5.680 | 9833 | 4 |
5.690 | 6747 | 2 |
5.700 | 8222 | 4 |
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