I think a2m reports on Monday so I am trying to work out what to do. I only consider earnings per share EPS and rate of growth of EPS going into the future. I am on CommSec's page "Forecasts and Trends which records the following EPS.
2020 49 cents. 2021 11 cents. 2022 15 cents. 2023 estimate 19 cents. 2024 estimate 24 cents. 2025 estimate 29 cents.
The % growth rates from 2022 to 2025 look good so I think the players will probably pay a multiple of 30X EPS. This multiple simply means the players will accept a 3.3 % return now, punting on a better returns down the track.
E.g. 30 X .24 (2024 estimate) = 7.20. Note .24 / 7.20 = 3.3%.
So on Monday I am happy to pay up to 7.20, and will not sell on Tuesday if the short sellers try to flush the small players out of the market.
In my opinion if there is a beat on 19 cents EPS on Monday the share price will go north of 7.20 because the 2024 estimate will also go north.
Cotton, hang in there. GLTASH
I think a2m reports on Monday so I am trying to work out what to...
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