Hi Swage,
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.
Morningstar begins coverage!, page-8
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Last
$5.78 |
Change
0.130(2.30%) |
Mkt cap ! $4.178B | |||
| Open | High | Low | Value | Volume |
| $5.73 | $5.81 | $5.66 | $8.811M | 1.518M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 14633 | $5.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.79 | 19580 | 22 |
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| Last trade - 14.00pm 22/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |