Thanks Legacy,
I have to say your analysis is spot on. Having said this, my two main concerns are that any bad news e.g. even a sniff or sneeze from A2 and the SP dips 25% (which we've already seen). The main problem with darling stocks is that they're priced to perfection, and imperfection means a HUGE dip (often giving back 1 year of gains) - other examples are FB, NFLX, Tencent (I'm getting murdered here), etc.
My second hesitation is that my other holding AMI:ASX is posting equally impressive numbers. They've also paid of 100% of their debt in one year ($85mn); actually I dare say AMI's numbers are even more impressive than A2, yet they're trading at a trailing PE of 4, PB of 2.9, and forward PE somewhere around 2.5. They've currently got the world's lowest AISC of $509/oz gold and have forward hedged 76,000 oz of gold at a higher price than the current low - basically gold will have to go below $509/oz for them not to make a profit.
What are your thoughts in regards to the points I've raised? Also, do you think FY 2019 will see A2 post equally impressive numbers?
Cheers,
SB
- Forums
- ASX - By Stock
- A2M
- A2 SP Where Next
A2 SP Where Next, page-80
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A2M (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.01 |
Change
-0.320(4.37%) |
Mkt cap ! $5.067B |
Open | High | Low | Value | Volume |
$7.30 | $7.31 | $6.97 | $21.32M | 3.015M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 16013 | $6.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.02 | 8673 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 35581 | 6.980 |
3 | 5206 | 6.970 |
3 | 10307 | 6.960 |
9 | 26650 | 6.950 |
2 | 11146 | 6.940 |
Price($) | Vol. | No. |
---|---|---|
7.020 | 3206 | 2 |
7.040 | 7373 | 2 |
7.050 | 1391 | 2 |
7.060 | 7307 | 1 |
7.070 | 8007 | 2 |
Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
|
|||||
Last
$6.98 |
  |
Change
-0.320 ( 4.89 %) |
|||
Open | High | Low | Volume | ||
$7.30 | $7.31 | $6.98 | 1538083 | ||
Last updated 15.59pm 29/05/2024 ? |
Featured News
A2M (ASX) Chart |