The iceberg order at $1.56 got me excited, which is the start of the range from the 18th Dec. The revenue guidance of between $300 million and $315 million for the year, up from initial guidance of $285 million seemed to have been kept under wraps and there appears constant buying in the $1.50s so if it breaks through these levels, it will be around $2.
EBITDA of $33 million and $37 million, up from initial guidance of $22 million appears lowball to me as the AUD and Kiwi to the USD and Yuan should depreciate which is earnings positive for A2M.
My spreadsheet projected SP based on PRE multiples keeps giving about $1.90 which must be wrong but it is far in excess of $1.60 whatever my formula error is.
On an F/A basis. it is good that WOW have stopped excess orders, that is always good for a new company to have restrictions on supply, enhances demand equilibrium long term.
A2M Price at posting:
$1.59 Sentiment: Buy Disclosure: Held
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