Respectfully, I disagree with you there. The results were already factored in. A2 had already released it's forecast earnings a month earlier than the 22 Aug announcement and there was only a slight increase on those figures. There were a few problems with labelling etc that were one off problems and have now been rectified but the results were slightly under the extremely high and IMO unrealistic expectations. So there was a slight correction and then on Wednesday they pretty much stated what the market already knew. TBH there was more of a rise than I expected.
I think another underlying factor you have to take into account is that we are still expanding in all markets. Costs will need to be associated with this growth but LT, LT this will dwarf current profits. With new products coming soon, further expansion into existing and new countries and more and more acceptance A2 has a bright future. Fonterra have changed their tune, hell even Nestle are trying to copy us.
You have done you research, you know this company has done amazing things and still has enormous growth potential. Be patient ... this guy knows it:
The Stock Market is a device for transferring money from the impatient to the patient -Warren Buffett
Chart Update, page-1781
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Last
$6.17 |
Change
-0.060(0.96%) |
Mkt cap ! $4.460B | |||
| Open | High | Low | Value | Volume |
| $6.20 | $6.24 | $6.17 | $5.737M | 926.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 4 | 12415 | $6.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.18 | 24019 | 2 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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$6.20 |
Change
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| Open | High | Low | Volume | ||
| $6.20 | $6.24 | $6.18 | 298014 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| A2M (ASX) Chart |