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$6.63 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 $6.63		Change -0.120(1.78%)		Mkt cap ! $4.778B

Open	High	Low	Value	Volume
$6.73	$6.73	$6.59	$5.841M	876.1K

Buyers (Bids)

No.	Vol.	Price($)
20	17441	$6.62

Sellers (Offers)

Price($)	Vol.	No.
$6.63	5785	11

View Market Depth

No.	Vol.	Price($)
17	14768	6.620
25	46516	6.610
19	34974	6.600
21	28051	6.590
11	30697	6.580

Price($)	Vol.	No.
6.630	5003	12
6.640	18077	12
6.650	21760	17
6.660	23272	12
6.670	45423	11

Last trade - 14.39pm 19/06/2024 (20 minute delay)

A2M (ASX) Chart

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