Guys here is the thing, Chinese infant formula market was $20billion US growing at 15% per annum. This year the market will be 23.5billionUS. A2's market share at 5.1% doesn't even have to increase to pull 1.19billion-revenue -growth in the US and U.K. will at least double because their distribution network was not fully operative until February and if you allow just 20% revenue growth in Australia this is what 2019revenue looks like without Korea, Hong Kong and Singapore.
So EPS of 50 cents a share is a doddle if not higher. Growth stock P.E. of 25 makes it worth 12.50 now. I believe EPS will actually be higher than that.
Add to this is that its starting to eat Nestles and Dannone's lunch in a number of markets what price on a takeover bid- they can't compete with product they don't have the herds.
Very strong result!!!, page-72
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Last
$4.92 |
Change
0.110(2.29%) |
Mkt cap ! $3.562B | |||
| Open | High | Low | Value | Volume |
| $4.82 | $4.94 | $4.79 | $10.09M | 2.061M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $4.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.92 | 23558 | 2 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |