Just to discuss more about hype
A2M:
EBITA FY16 45-49mNZD OR
40-44AUD (base on today's exchange rate)
BAL:
EBITA FY16
44.4-48.1AUD (Same margin as 1HY16)
BAL has higher EBITA by 10% yet their Market cap is only $971m currently.
A2M has lower EBITA by 10% yet their market cap is $1.24B
Its difference of $264M .. so there's a bit of hype with A2M because of Devil in the milk and A2 protein, etc.. that hype engine has been going on for years..... so hence the premium....
for me, the numbers needs to stack, even if some company is selling dog poo and making millions, i'll still buy their shares at the right price.
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