A2M 0.87% $6.85 the a2 milk company limited

Interesting article by the Fool who seems to love our A2m very...

  1. 264 Posts.
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    Interesting article by the Fool who seems to love our A2m very much (like our Hockey ):

    https://www.********.au/2018/05/15/...could-be-surging-ahead-in-the-next-two-weeks/

    Don’t be disheartened by the retreat in the share price of A2 Milk Company Ltd (ASX: A2M) after the initial excitement from news that the stock is included in the MSCI index faded.
    The stock slipped 0.7% to $12.13 during lunch time trade after jumping over 1% at the opening bell in anticipation of what is one of the market’s worst kept secrets.
    Brokers had been expecting our market superstar to be added to the MSCI Global Standard Index and the drop in its share price looks to be a case of “buy the rumour, sell the fact”.
    But some experts are convinced that the retreat is only temporary and that the stock is heading higher in the few weeks.
    That’s the view expressed by Bell Potter’s high-profile stock guru, Richard Coppleson, who is predicting that the stock will surge back to over $13 over the next two weeks because of its inclusion into the prestigious global stock benchmark that is watched closely by international fund managers.
    “I’ve see this over 20 years and the MSCI is probably the most powerful index that is watched & mirrored across the globe by [international fund managers]. This is a big thing,” he wrote in his report yesterday.
    A2 Milk’s membership into the global index will put the stock in front of many active international fundies, some of whom would have only seen the stock for the first time.
    There will also be buying support for the stock by passive funds who have to track the MSCI index and those who use the index as a short-cut tool to help them decide what to buy.
    There are also plenty of brokers around town who are bullish on the stock even after the milk supplier surged by nearly 280% in the past year compared to the less than 5% gain by the S&P/ASX 200 (Index:^AXJO) (ASX:XJO).
    All five brokers who cover the stock are urging investors to buy A2 Milk with an average price target of $12.94 a share. I have a feeling the market darling will soon exceed this price target, and then some, if international fundies start buying the stock.

    All the best LTH!
 
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Last
$6.85
Change
-0.060(0.87%)
Mkt cap ! $4.952B
Open High Low Value Volume
$6.91 $6.93 $6.81 $7.337M 1.070M

Buyers (Bids)

No. Vol. Price($)
1 4252 $6.84
 

Sellers (Offers)

Price($) Vol. No.
$6.86 10763 3
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
A2M (ASX) Chart
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