Just reminding everyone - Price up another 7% this week.
By all accounts export data out of Port of Littleton is pointing to growth greater than we are expecting so the actual PE this stock is trading on continues to fall even as the price has risen.
The company generates a return of 350% on Invested capital and the only reason why this isn't higher in the 1000s is because of all of the retained cash sitting on its balance sheet. Like I said in my original message above in a couple of years A2 will have close to $1b of cash sitting its accounts.
That cash either has to come back to shareholders as dividends or buybacks at some stage so 20% of the current market cap is going to be tax paid cash......
I'm still thinking we are heading to $26 in 2 years and maybe sooner. These opportunities only come around every now and again.
$18.5 Billion Market Cap in 2-3 years $26 a share, page-139
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Last
$7.01 |
Change
0.290(4.32%) |
Mkt cap ! $5.067B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $7.12 | $6.81 | $26.19M | 3.735M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $7.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 28521 | 7 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |