A 12% drop over the next 14 or so days leading up to the AGM (say an average of about 1% drop per working day) would put the share price back to around $6 and a PE ratio of around 50, which remember is still only a pull back to the share price of only 4 weeks ago!
In my opinion that would be a fair pullback and very healthy moving forward.
I still probably wouldn't re-enter at $6 on the current information I have though but after the AGM I may change my mind if the price to earnings is right as A2 is still a pretty solid company. Looking forward to seeing the next 3 weeks play out!
Chart update, page-5025
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Last
$7.02 |
Change
0.170(2.48%) |
Mkt cap ! $5.075B | |||
| Open | High | Low | Value | Volume |
| $6.86 | $7.03 | $6.81 | $16.52M | 2.369M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10280 | $7.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 17972 | 4 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |