I agree its a great effort, but as always, the question is, is it already factored into the price? My point about the 2.8% increase in the upper rev range since feb raises some questions about fy17 growth rates. The market has already priced in an 80% increase to eps in fy17.
The final point I wish to make is the significant valuation comparison to BAL. After releasing its results on friday, BAL finished the day at $13.5 and was sitting on a fpe of 20.5. A2M is currently sitting on a fpe of 29.3. I sold A2M on friday and bought BAL. Since then BAL is up 10.7%, while A2M is up 6.8%.
BAL fpe 22.6
A2M fpe 29.3
BAL is more likely to be bid up to a fpe of 30 than A2M to 40 imo. Therefore I see greater value in BAL at the moment. My theory has been proven correct so far.
Good luck to everyone today. Hopefully A2M surprise to the upside and reward patient shareholders. They have to beat guidance to justify the high valuation imo. That is a risk I am not willing to take.
I agree its a great effort, but as always, the question is, is...
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Last
$6.85 |
Change
0.000(0.00%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.88 | $6.90 | $6.78 | $7.886M | 1.152M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9718 | $6.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 6515 | 3 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |