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
$6.09 |
Change
0.160(2.70%) |
Mkt cap ! $4.409B | |||
| Open | High | Low | Value | Volume |
| $5.95 | $6.12 | $5.94 | $17.24M | 2.852M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 16291 | $6.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.09 | 10879 | 15 |
View Market Depth
| Last trade - 15.45pm 30/04/2024 (20 minute delay) ? |
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Last
$6.10 |
Change
0.160 ( 3.22 %) |
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| Open | High | Low | Volume | ||
| $5.95 | $6.12 | $5.94 | 1309046 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| A2M (ASX) Chart |