interesting Bell Potter assume a small dividend from 2021That...

interesting Bell Potter assume a small dividend from 2021

That reminds me...worst case scenario imo:

Even if they stopped growing (which they are not!) as long as they were able to maintain their existing market share they could reduce marketing spend enabling them to start paying out most of their profit as a dividend.

This would turn a2m from a growth company into a descent income stock and based on other income stocks it would likely be re rated and trade much higher...could probably afford a yeild of 5% by then easy!

As a comparative low growth power companies in NZ are trading at substancially higher PEs and valuations on yield alone.

Obviously, not suggesting they do this

More likely by 2021 we will be both a growth and high income stock and who knows