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11/05/22

10:51

Post #: 61336373
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Originally posted by SmugLex: ↑

Ever since I sold out I have been absent from this forum. I dont like to be one of those guys that snipes from the side after going not held. At one stage I held more A2M stock than all bar one person in management. I remember attending the AGM in person and hearing the CEO and CFO poo pooing the the idea of paying dividends as in their own words why would you want cash when the company was growing your investment in the double digits. At the time I agreed with them as they were both holding sizable chunks of A2M at the time.

The realization time for me is when the departed CEO came back as a caretaker CEO without a single A2M share in his name. The company thought thats not a good look and gifted him 400k shares as a sign on bonus which he promptly sold down 300k of them soon thereafter. The high flying CFO Peter Nathan sold down every share that he held that was not in escrow.

These were the same two guys that told me my sizable investment in A2M was safe while at the same time they had already started to exit in a big way. You have to put some value on what management is doing especially when a trickle of insider sales turns into a torrent. I know its common practice to be diversified but when you saw the CEO who had already sold down $50m dollars worth go to not holding a single share on his comeback, that was a big red flag. A lot of the current holders are living in hope of some type of miraculous comeback. The previous CEO and CFO would of had a better insight of where the company was and its future outlook than any retail or institutional holder would of at the time. Watching them cash out and run in such big numbers was enough for me to liquidate all my long held position after holding them from its Oz listing 6 years prior.

Its now down 80% from its all time high and to get back to that level you are looking at the share price having to go up by 500% to get back to that price again. A2M is not the only stock on the ASX and while it was still in the mid to high teens every other bluechip dividend ASX stocks were going for 10 years lows back in early 2020. I was +80% concentrated into just A2M and after that made the wise move to diversify into 18 other different stocks that all pay dividends. I wish you all well and at some time the bottom will be in and the stock will turn. When that will happen and where is goes back too is a unknown that nobody can predict at this point in time.

GLTAH

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Hi Smuglex, thanks for checking in. Still in100%. Not going to sell at a loss. We almost sold in 2019 at its high, wish we had now.

A2M Price at posting: $4.03 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $7.19		Change 0.050(0.70%)		Mkt cap ! $5.143B

Open	High	Low	Value	Volume
$7.16	$7.19	$7.07	$9.491M	1.334M

Buyers (Bids)

No.	Vol.	Price($)
15	4766	$7.18

Sellers (Offers)

Price($)	Vol.	No.
$7.19	5777	9

View Market Depth

No.	Vol.	Price($)
24	16282	7.150
18	14681	7.140
14	17851	7.130
16	43342	7.120
10	15865	7.110

Price($)	Vol.	No.
7.160	1071	9
7.170	14870	15
7.180	38589	17
7.190	34684	11
7.200	47039	22

Last trade - 14.53pm 31/07/2024 (20 minute delay)

A2M (ASX) Chart

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Chart Update, page-23033

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