T
Thisthis is right and you are seeing insto's doing a well orchestrated sell down.
the insto's have recognized, unlike many on here, that the story has changed and also recognize the company is struggling to come up with a plan.
A2M had a monopoly on a desired product.........now they don't..
They enjoyed excellent margins........now decreasing due to competition.
Remember they failed in a big punt on the UK market and that was with no competition..........given the US markets substancailly slowing growth I think that will be a fail too.
As for China that market is being aggressively sort by multiple tier 1 brands.
Brave person to buy in this down trend as it will settle based on fundamentals unless the company can hold margins and show good growth again.
$6 on the cards me thinks.
Chart Update, page-18379
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Last
$6.88 |
Change
0.000(0.00%) |
Mkt cap ! $4.973B | |||
| Open | High | Low | Value | Volume |
| $6.90 | $6.90 | $6.80 | $7.266M | 1.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12501 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.88 | 33092 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |