Yes, these are uncertainty and concerns for A2. And also this is the first report that A2 started changing its style of reporting. They became more realistic and pragmatic and is tackling these problems. What I can see recently is that the aging inventory problem is the history and the product sales appears to be OK based on Tmall IF rank. We do not know if the current product shortage in the supermarket Australia wide is due to supply chain issue or surge in demand. We will find it out soon in the coming interim report which is due on 11/02/2022.
I agree this stock was well shorted when it is 20+. But now I do not think it is a good stock to short as the revenue and balance sheet will well support the current sp. Any improvement on revenue will lead to a quite quick sp recovery. Nonetheless, another downgrade is not off the card. My personal opinion is that the possibility is low. IMO, currently BRN is a much better stock to short compared to A2M.
Empty A2M formula shelves. Please report you local supermarket stock levels, page-131
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Last
$6.82 |
Change
0.010(0.15%) |
Mkt cap ! $4.930B | |||
| Open | High | Low | Value | Volume |
| $6.80 | $6.92 | $6.75 | $12.34M | 1.813M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3893 | $6.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.83 | 17044 | 5 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |