Unfortunately, I did not join the A2M shareholder family early in its history and have now lost a 6 figure sum with this 'investment'. The knife keeps on falling and I am wondering if any of these issues could be the reason:
- According to the London based (17,000km away) A2M Chair, stocks being artificially kept low on some supermarket shelves to hint exclusivity.
- The A2M Chair focussing more on vacuum cleaners (Dyson) and electronic products (Apple) and how successful these companies are with their brands.
- The new CEO having been appointed back in August 2020, but not commencing his duties until some time in 2021, creating more market uncertainty.
- The company continuing to heavily rely on (now absent) overseas students, shipping small batches of infant formula to bespoke China based customers.
- Huge cash reserves not being used (e.g. share buy backs) to slow, or bestter still, stop the rapid SP decline.
Who knows
Unfortunately, I did not join the A2M shareholder family early...
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$6.83 |
Change
-0.050(0.73%) |
Mkt cap ! $4.915B | |||
| Open | High | Low | Value | Volume |
| $6.90 | $6.90 | $6.80 | $3.822M | 558.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 10573 | $6.83 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.84 | 6149 | 5 |
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| Last trade - 14.13pm 12/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |