For valuation to continue @30+ times earnings, there needs to be EPS growth at 40%+ YOY over 4 or so years. There are growth opportunities in China,however not sure that it is equal to 40%+ YOY over 4 years.
Therefore, the key is growth in US & UK, if the results demonstrate strong growth in these markets then the company will continue to enjoy valuation at PE of 30+. Otherwise be prepared to get valued @25 to 30 times range.
Declaration of Dividend will do wonders to stock as it will bring in yield seekers on the register.
Today is day of fear - Perfect time to enter and take fresh position.
FA Discussion, page-8
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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 |