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
A2 Share price, page-16
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Last
$6.74 |
Change
0.190(2.90%) |
Mkt cap ! $4.872B | |||
| Open | High | Low | Value | Volume |
| $6.57 | $6.77 | $6.53 | $27.18M | 4.083M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1177 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.74 | 8931 | 2 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$6.74 |
Change
0.190 ( 3.47 %) |
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| Open | High | Low | Volume | ||
| $6.57 | $6.76 | $6.53 | 942835 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| A2M (ASX) Chart |