Yes it's great to see today's increase. My gut feel is, the worst is over for A2m.
In a nut shell a few unpredictable events caused the share price to decline some what. The Covid Pandemic shut down the diagou channels,
where products were sold into China. A2 were forced to reinvent the path to market rapidly with international expansion, which, the previous CEO JH
was already addressing this Supply Chain anomaly. Disappointedly these events caused several profit warnings.
Some of the up-sides A2m are, marketing in China has changed to a more sustainable "normal" . The diagou channels will be icing on the cake. There is a five year plan to get sales to NZ$2bn with current and expanding SE Asia sales, margins will be lower, however, equity returns will be higher.
I also think the new CEO has a settling period and he will now start showing his worth.
Onwards and upwards.
Yes it's great to see today's increase. My gut feel is, the...
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Last
$6.90 |
Change
0.050(0.73%) |
Mkt cap ! $5.002B | |||
| Open | High | Low | Value | Volume |
| $6.90 | $6.94 | $6.89 | $1.595M | 230.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 3217 | $6.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.91 | 3241 | 16 |
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| Last trade - 13.36pm 29/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |