Correct. It's Jonathan Snape who is calling for a TO. Doesn't sound like he listens to A2M management much who have ruled this out and is against their capital light model.
As I suspected he is doubling down and thinks A2M and Synlait should be at similar PE's! This is despite A2M stealing more margin from them in the last contract negotiations and showing who has the power in the relationship. I think he should sit down and understand the basics of ROI if he is to call himself an analyst. Big difference in profit margins between capital intense businesses and capital light scalable businesses.
Media Updates, page-1508
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Last
$4.81 |
Change
-0.050(1.03%) |
Mkt cap ! $3.808B | |||
| Open | High | Low | Value | Volume |
| $4.88 | $4.88 | $4.81 | $9.469M | 1.962M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 37717 | $4.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.83 | 10210 | 3 |
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| Last trade - 16.10pm 21/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |
