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$6.20 the a2 milk company limited

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Chianti

2,491 Posts.

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31/10/18

06:28

Post #: 36324077
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Originally posted by imback ↑

If anyone has read today's Coppo report they would probably never sell A2M. Very big write up. One of the biggest I have seen from him. Very bullish on the stock. He thinks it will reach $17 late next year. On its way to $20+ if it doesn't get taken out given there are many global food companies killing for that kind of growth.

May have been part of the reason for the big upswing late in the day? Don't forget that report is going to instos as well as retail investors. Just one opinion, but he has been bullish on the stock since $2 when everyone was saying it was overpriced.

He also pointed that the PE is something like 23 once you take out cash and SML investment. Very cheap for the growth profile. They also expense all marketing which he argues could be capitalized given its used to build the brand and business. That would make the ROI off the charts. All this while expensing $23M per year in the US to build the business. So a lot of additional profit hidden in the way the business expenses marketing and business growth.

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A2M Price at posting: $9.70 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $6.20		Change -0.120(1.90%)		Mkt cap ! $4.496B

Open	High	Low	Value	Volume
$6.30	$6.31	$6.20	$1.391M	223.4K

Buyers (Bids)

No.	Vol.	Price($)
12	10414	$6.20

Sellers (Offers)

Price($)	Vol.	No.
$6.21	7928	7

View Market Depth

No.	Vol.	Price($)
13	11385	6.200
14	13211	6.190
21	37203	6.180
6	19899	6.170
4	5635	6.160

Price($)	Vol.	No.
6.210	3896	4
6.220	16069	10
6.230	8136	7
6.240	14465	8
6.250	28425	6

Last trade - 10.48am 04/10/2024 (20 minute delay)

A2M (ASX) Chart