The current trades around 35c and the fact that this price exceeds the Morgans current target of 29c shows that investors are expecting revenue to pick up substantially. I do hope that those expectations will be met as I am well behind on this one despite averaging down. With all borders now open from Dec 1st I am hopeful that the Aussies will pick up some of the deficit due to lack of international tourists but I cannot imagine that they will account for all of the lost revenue. Caravan sales will be the area which is more likely to offset the reduced revenue. I would not make any further predictions prior to the next earnings report or the 2021HY accounts.
ATL Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held