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?
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I've spend a good month updating a spreadsheet I have analyzing...
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $321.3M |
Open | High | Low | Value | Volume |
18.5¢ | 19.5¢ | 18.0¢ | $481.7K | 2.565M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 117544 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 719433 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 117544 | 0.190 |
9 | 1393486 | 0.180 |
4 | 140075 | 0.175 |
5 | 464070 | 0.170 |
7 | 1201179 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 719433 | 10 |
0.200 | 805110 | 13 |
0.205 | 586451 | 6 |
0.210 | 1135688 | 10 |
0.215 | 1122793 | 6 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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