Well articulated. High growth shares are notoriously difficult to value. There are many books written on it by famous investors. When I see the likes of Geoff Wilson selling out of A2M in the low $2's (though I believe he has bought back at much higher levels now), it is clear A2M has been very difficult to value given its unprecedented rise. We even recently had a US value fund buy in due to the forward value it represents!
So if the professionals can't get it right, how do we expect management to value the company. Who cares what they think of the SP. Many have sold for the valiant goal of diversification. The previous CEO also did this from $2 mark. I hope he used those funds to invest in other 7 baggers.
AFR Rear window pose a stupid question, page-10
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Last
$5.71 |
Change
-0.060(1.04%) |
Mkt cap ! $4.134B | |||
| Open | High | Low | Value | Volume |
| $5.70 | $5.78 | $5.69 | $6.339M | 1.108M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $5.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.72 | 1701 | 2 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |