A2M 6.82% $4.92 the a2 milk company limited

$20 in 2020, page-3

  1. 530 Posts.
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    I think the pull-back is also related to a re-rating in the PE ratio as it was getting a bit ahead of itself for a consumer staples stock. After all these astonical PE ratios we see market wide in growth stocks will sooner or later rectify itself themselves once the easy money leaves the market. I think most investors in A2M agree there is significant long term growth and that’s why they are here but I would think even on those numbers a value closer to $15 by 2020 at a PE ratio closer to 30 might make investors more comfortable. I suppose once the share price finds its bottom in this current phase double that may be a more accurate indicator of the price in 2020. I think the exciting potential lies in what the share price could be come 2030! That number could be scary!!! For some reason the FLT price comes to mind especially if the company takes a US type approach and buys back shares rather than drop feeding a dividend.
 
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Last
$4.92
Change
-0.360(6.82%)
Mkt cap ! $3.562B
Open High Low Value Volume
$5.30 $5.30 $4.89 $27.96M 5.591M

Buyers (Bids)

No. Vol. Price($)
1 714 $4.92
 

Sellers (Offers)

Price($) Vol. No.
$4.93 10183 1
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Last trade - 16.10pm 11/11/2024 (20 minute delay) ?
A2M (ASX) Chart
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