A2M management has a few issues to deliver confidence to the market:
1. Earning Guidance - Should not provide any guidance. Some companies do not provide guidance due to Covid and this is totally legal. No guidance => No downgrade. 3 downgrades in six months, not just delivered the bad market sentiment butalso showed the incompetance of the board.
2. Action - What is the plan of $775m cash sitting in the bank? Not a word of mention of potential dividend or share buy back consideration.3. Rely on Diagou channel. This is completely wrong! They should never rely on this free market channel to deliver the products. Instead, they should develop a formal channel to deliver their products to overseas. Yes, it may cost more in terms of delivery but this will be reliable and calculatable. International students coming to Australia is for study, not working as an employee of A2M company. The board should get this simple facts straight!
4. Directors should buy back some shares on market - That will deliver a strong message to the market and stop the shorters.I am disappointed that A2M did not fit in the Covid recovery category that FLT, WEB, IEL....ete are in. They all jumped given the potential boarder open shortly, but not A2M.
Can anyone suggest how to deliver this message to the board?
A2M management has a few issues to deliver confidence to the...
-
- There are more pages in this discussion • 167 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add A2M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.59 |
Change
0.070(1.07%) |
Mkt cap ! $4.785B | |||
| Open | High | Low | Value | Volume |
| $6.56 | $6.67 | $6.55 | $10.14M | 1.534M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13624 | $6.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.60 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| A2M (ASX) Chart |