I went through this with WPL a couple of months ago at $17.00. I didn't want to buy too many shares because everyone knew it would keep dropping to $14,00 etc. and would be cheaper the longer I waited. Within a few weeks it was at $22-$23 and $17.00 seemed like a bargain. At some point, if it's cheap enough and the company has rock-solid financials, that "buy" button needs to be pressed. If it drops further, buy more. A2M is definitely on my radar now. It's not like babies will stop drinking milk and the type of brand loyalty A2M has takes years to develop.
I've lived in Beijing for many years and only returned to Australia in February (for obvious reasons). My clients are wealthy mainland Chinese people. They do not trust local brands and are very sceptical about local companies' claims. Foreign-made is always preferred. I can't see powdered milk having a high enough profile to be targeted for tariffs and the current logistical Covid situation is temporary. The China market will recover and there are other growth opportunities around the world.
This is starting to look like a good opportunity.
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Last
$6.77 |
Change
0.130(1.96%) |
Mkt cap ! $4.894B |
Open | High | Low | Value | Volume |
$6.63 | $6.77 | $6.63 | $10.00M | 1.485M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2420 | $6.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.77 | 37726 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2420 | 6.760 |
1 | 2500 | 6.750 |
3 | 8523 | 6.740 |
4 | 34661 | 6.730 |
2 | 12493 | 6.720 |
Price($) | Vol. | No. |
---|---|---|
6.770 | 18339 | 2 |
6.780 | 15335 | 6 |
6.790 | 9830 | 3 |
6.800 | 12884 | 8 |
6.810 | 600 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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