Imo, there is nothing to be concerned about - the SP is just returning to a more reasonable fundamental value after a supercharged euphoric run to start 2018. This all started after the trading update on 16 May, which may I remind everyone, indicated that A2M'S REVENUE GROWTH IS ON TRACK - analysts just over-predicted, and everyone was brought back to Earth and downward momentum built. The essential thing to remember is that THERE IS NOTHING FUNDAMENTALLY WRONG WITH THE COMPANY - quite the opposite actually - the SP was just overcooked and this is a well needed correction back to fair value (almost trending towards undervalued). To those left on the island and bought at the peak, stay calm, A2M will reach those points again soon - the only people getting burnt are those who were looking for a quick buck and can't afford to wait the SP rise again. Definitely will buy some more this week - in 12 months time, I don't want to be kicking myself for missing this buying opportunity.
Chart update, page-11003
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Last
$4.81 |
Change
-0.090(1.84%) |
Mkt cap ! $3.482B | |||
| Open | High | Low | Value | Volume |
| $4.92 | $4.95 | $4.80 | $8.716M | 1.802M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10795 | $4.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.83 | 5662 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |