A 12% drop over the next 14 or so days leading up to the AGM (say an average of about 1% drop per working day) would put the share price back to around $6 and a PE ratio of around 50, which remember is still only a pull back to the share price of only 4 weeks ago!
In my opinion that would be a fair pullback and very healthy moving forward.
I still probably wouldn't re-enter at $6 on the current information I have though but after the AGM I may change my mind if the price to earnings is right as A2 is still a pretty solid company. Looking forward to seeing the next 3 weeks play out!
Chart update, page-5025
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Last
$6.91 |
Change
0.060(0.88%) |
Mkt cap ! $4.999B |
Open | High | Low | Value | Volume |
$6.90 | $6.95 | $6.89 | $2.605M | 376.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 4845 | $6.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.92 | 6691 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 5958 | 6.920 |
13 | 24601 | 6.910 |
13 | 38356 | 6.900 |
11 | 11989 | 6.890 |
8 | 87200 | 6.880 |
Price($) | Vol. | No. |
---|---|---|
6.930 | 15808 | 11 |
6.940 | 22774 | 13 |
6.950 | 59229 | 24 |
6.960 | 41331 | 11 |
6.970 | 14622 | 9 |
Last trade - 14.28pm 29/07/2024 (20 minute delay) ? |
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A2M (ASX) Chart |