Morgan Stanley’s 5m put option at $7.88 expires on 15/04 . A temp bottom has already formed around $7.7- 7.8 and there is no reason why $7.88 cannot be heavily contested next week. Whoever sold the put to Morgan will defend $7.88 . This will also give time to Citi to cover their shorts ( Citi target $7.15) . After all this potential flurry of activities , we’ll be close to quarterly. My rear has on my local Daigou shop seems to match what a few other posters street level research. A 50% volume on A2 at Daigou level. Using 2H 2020 as yardstick that gives you a ANZ IF revenue of 200m comparable to 1H 2021 .This expectation plus a fast expansion and revenue increase in China and a CEBC in recovery from logistic delay and plus a break even US result , I cannot see why $ 1.4b forecast cannot be met.
Above is my educated guess at best but let’s see how it plays out next week.
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Last
$6.72 |
Change
-0.020(0.30%) |
Mkt cap ! $4.858B |
Open | High | Low | Value | Volume |
$6.81 | $6.89 | $6.68 | $14.52M | 2.142M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13046 | $6.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.73 | 17123 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 9925 | 6.680 |
2 | 6687 | 6.670 |
3 | 8037 | 6.660 |
2 | 14730 | 6.650 |
1 | 3131 | 6.640 |
Price($) | Vol. | No. |
---|---|---|
6.730 | 17123 | 4 |
6.740 | 12987 | 2 |
6.750 | 15146 | 3 |
6.760 | 7249 | 1 |
6.790 | 3755 | 1 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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A2M (ASX) Chart |