All this good info tells me there should be positive announcements flowing. And I hope new contracts. If we are out of the AT1 is a covid share hype stage and into the AT1 is a boring manufacturing share stage, then we can look forward to the slow and steady growth our MD says he will like best.
To be honest, I can see it taking a couple of years to get to a fundamentally sound price. That is, what EBITDA do you want to support a 40 cent share... a 50 cent share... a 60 cent share.
It sounds boring, but to have AT1 grow '1 cent a month' would be brilliant as an investment. But I do look forward to the next good news - so I can sell some shares (and hopefully buy back at 10% lower when the good-news-sell has finished)
I dont have the nerve to buy more today. To be honest, it has held up well today on the the market woes. Finish will be interesting. The baby day traders sometime set this up so 1 share makes it fall 1/2 cent or even rise half a cent. It could finish at 37 or 38. Most likely will be 37.5 (the avg trade for today is currently 0.376). But my money says one wee share will trade at the 4.10 auction to hit 0.37. So it looks bad onight. So the next day maybe a buyer can pick off some spooked sellers.
AT1 Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
