Exactly, this isn't some airy fairy tech stock in conceptual phase. This is a real company that has been selling a real everyday product for a decade now. last financial year they sold $155mil worth of milk product which cost them $100mil to make, $54mil gross profit. This is forecast to double next year, and theres a good chance this forecast will be exceeded.
Personally I am a trader and have been in and out of this stock a dozen times, I have recommended this one to family as a long term hold though. Can't see why any fund investing in this space would not want in on this one, I mean what else is there to put money in these days, oil and mining?
FY 2016 Updated Forecast, page-141
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Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.87 | $6.78 | $8.532M | 1.250M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2151 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 27162 | 5 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |