I've spend a good month updating a spreadsheet I have analyzing the ASX for companies with high earnings growth at low multiples with upwards momentum (among other things). AMI was right at the top of the list.
I normally avoid resource stocks because I can't for the life of me predict their growth but I bought in based on the following metrics:
- Exceptionally strong earnings growth
- Exceptionally low PE
- Exceptionally low PE in comparison to earnings growth
- Significant price momentum and good charting characteristics
- Other things like positive press and 3Y's
Overall, other than being a resource stock it ticked all my boxes.
I couldn't find any obvious major risks other than standard issues with mining unpredictability and resource prices.
Is there anything anyone can add? Positive or negative?
Best value I could find
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $312.9M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 19.0¢ | 18.0¢ | $347.6K | 1.890M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 573734 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 385784 | 9 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| AMI (ASX) Chart |