There will be no turn around. A2M is a pure brand-play, so it would take a miracle for things to turn around, especially when it is facing mammoth fundamental changes that are permanent. The CEO of Asia Pacific has already bailed after having sold every stock he had. The company has a fall-guy CEO, in the form of Mr Bortolussi who had literally zero experience of selling anything in China. Its MBS expansion strategy has failed spectacularly and it doesn't have any other plan.
The company is done for, growth wise.
Ann: Trading update and revised FY21 outlook, page-138
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Last
$5.19 |
Change
-0.130(2.44%) |
Mkt cap ! $3.757B | |||
| Open | High | Low | Value | Volume |
| $5.26 | $5.29 | $5.19 | $21.70M | 4.165M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11002 | $5.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.23 | 19654 | 8 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |