Is it possible the growth story is over? When it was trading closer to $18 investors must have been of the idea A2M could continue not paying a dividend & reinvesting profits compounding ROE of 30%. From 50m shareholder equity to 1 billion in 5 years is pretty incredible (all self generated, barely any capital raisings). But growth companies mature & profits need to then leave the company to investors pockets rather than get reinvested. Growth companies revenue/s and net profit are not supposed to regress which was the case in the HY report although COVID was a likely factor, not to mention the next two years forecast earnings and lower than the EPS for 2020. I expect A2M will start paying a dividend soon.
My calculated margin of safety $7.5
Is it possible the growth story is over? When it was trading...
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Last
$6.86 |
Change
-0.050(0.72%) |
Mkt cap ! $4.988B | |||
| Open | High | Low | Value | Volume |
| $6.91 | $6.93 | $6.82 | $2.688M | 391.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 11725 | $6.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.86 | 1298 | 4 |
View Market Depth
| Last trade - 13.04pm 26/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |