I think it's likely A2 will under-perform the market over the next 6 months mainly due to it's own success, no doubt its a fantastic company with a great future and shares will likely be worth a lot more this time next year but I sense a sell-off coming into August. The reason I think so is due to the pantry buying being exhausted which will inevitably cause a slower quarter / half which will lead to opportunistic shorters who will jump on board along with the brokers playing their games.
A2 Milk is now a $14B NZD company, in order for it to grow 10% it needs to add $1.4B dollars to it's market cap, these are big numbers now lads with a lot of success baked into the price, I just can't see it adding too many more billions to the market cap too quickly.
But then again everyone will just say I'm down ramping because I sold all my shares at $18 AUD.
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Last
$5.66 |
Change
0.025(0.44%) |
Mkt cap ! $4.097B |
Open | High | Low | Value | Volume |
$5.69 | $5.74 | $5.65 | $3.412M | 599.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 25009 | $5.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.66 | 11596 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 9064 | 5.670 |
25 | 22473 | 5.660 |
16 | 45376 | 5.650 |
12 | 31638 | 5.640 |
10 | 26171 | 5.630 |
Price($) | Vol. | No. |
---|---|---|
5.680 | 12506 | 17 |
5.690 | 29693 | 16 |
5.700 | 26907 | 17 |
5.710 | 37366 | 9 |
5.720 | 14080 | 12 |
Last trade - 13.48pm 13/09/2024 (20 minute delay) ? |
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