Given the uncertainty I can't disagree with you either. But for current holders there's a couple of reasons why we're staying put. Firstly, the new CEO is a massive plus. Given he's only been in the role for 6 months or so, he'll only get a better idea of things going forward. The strategy day in October should be fascinating.
Secondly, the company still has a popular brand in China and is has a big opportunity to leverage it through new products.
The third point, which isn't certain, is a T/O. It's not out of the question. Even if the share price dropped another 25% (although I don't believe it will given the points I'm making) a T/O would still be above today's price.
Ann: Results Presentation FY21, page-147
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Last
$6.92 |
Change
0.095(1.39%) |
Mkt cap ! $4.973B | |||
| Open | High | Low | Value | Volume |
| $6.87 | $6.93 | $6.83 | $4.442M | 645.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 6165 | $6.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.92 | 9743 | 12 |
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| Last trade - 13.20pm 11/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |