I have no issue with people who bought in at the top proceeding with a class action, however, I suspect there is not much of a case to go on.
Throughout 2020, even when sales were booming in March, every trading update or report was laden with caveats about uncertainty and potential for disruption. Even before the September 2020 update, pantry overstocking/destocking issues were disclosed to the market, and it would be hard for anyone to have missed the fact that international borders are closed, meaning no Chinese tourists / students. And on top of all that, there was the Stage 4 Victorian lockdown implemented after the August report.
Seems a lot like a desperate law firm trying to drum up business. But good luck to them / any aggrieved shareholders.
A2M Price at posting:
$5.54 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)