Thanks for the heads up on Morningstar coverage. I think AUD 13.30 / NZD 14.60 is a 12 months forward price target. Their report says " justifying the lofty 40.6 price / FORWARD earnings multiple our valuation implies".
Their 30/6/19 price target calculation from their report is 40.6 X 30/ 6/19 estimated EPS .357 = NZD 14.49 which is more or less the 14.60 above.
This is conservative because A2M is a big cash box and their capital management will become an increasing positive.
A2M must be a prime takeover target.
I cannot think of a better stock to buy as a trade or long.
A2M Price at posting:
$11.33 Sentiment: Buy Disclosure: Held
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