I personally believe every company is different. My feeling of A2 at the moment suggests that the market is expecting a 3rd downgrade and missed guidance.
Until that one in one hundred year event (Covid) happened, Geoff Babidge was widely known to under promise and over deliver. He even admits this during the last Tele conference.
I believe the updated guidance is overly conservative, but only time will tell. Obviously factors outside of the companies control can change this, but ultimately if you believe that the company is fundamentally strong, and you’ve got time on your side, there is plenty of opportunity for the company to recover from Covid.
I always look back to my initial reason for investing, and for A2 my reason hasn’t changed.
I personally believe every company is different. My feeling of...
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Last
$6.88 |
Change
0.060(0.88%) |
Mkt cap ! $4.973B | |||
| Open | High | Low | Value | Volume |
| $6.87 | $6.93 | $6.83 | $8.512M | 1.235M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1471 | $6.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.89 | 770 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |