A2M 0.69% $7.33 the a2 milk company limited

Sorry but I think that may be little more than wishful thinking...

  1. 3,962 Posts.
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    Sorry but I think that may be little more than wishful thinking on your part.

    The SP is not where it has been for 3 years due to your magical buy and sell walls, nor due to some sort of massive insto conspiracy.

    The fundamental reason is reduced demand in the IF market in China that accounts for the majority of its sales. Reduced demand, reduced sales, lower EPS, lower SP. It's not rocket science.

    The market is forward looking and to be honest much of what it saw previously on the horizon has in fact eventuated. It has been a long and drawn out turnaround. For shorter term investors, pessimism about A2M's prospects has been the correct outlook to hold in the past few years, at least in retrospect. Anyone who says otherwise is in denial.

    Do I think the pessimism is overcooked, absolutely. I think the company valuation has taken on a negative momentum of its own, similar to the positive momentum that took it past $20. But I don't recall you or anyone else complaining about insto manipulation or buy and sell walls back then. If you have a theory, that's one thing, but at least apply it consistently and not just when it suits.

    The most I would concede is that instos can affect day-to-day trading fluctuations to their advantage, and they can use existing trends in market sentiment to their advantage. Beyond that is just wishful thinking and denial of actual issues.
    Last edited by werdplaya58: 21/12/23
 
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Last
$7.33
Change
0.050(0.69%)
Mkt cap ! $5.299B
Open High Low Value Volume
$7.29 $7.37 $7.27 $17.10M 2.334M

Buyers (Bids)

No. Vol. Price($)
6 8612 $7.32
 

Sellers (Offers)

Price($) Vol. No.
$7.35 21799 8
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Last trade - 16.10pm 28/05/2024 (20 minute delay) ?
Last
$7.34
  Change
0.050 ( 0.68 %)
Open High Low Volume
$7.29 $7.37 $7.28 674047
Last updated 15.59pm 28/05/2024 ?
A2M (ASX) Chart
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