Hi GB
In reading Stefan's actual words, and looking at his portfolio, I doubt he only bought back into 1 share after the Mar drop.
i note he holds the likes of KGN, TPW and XRO .. I know what the trajectory of KGN alone has been like since Mar so having sold out pre drop and buying back into those would have been very rewarding.
buying into ATP itself in Mar may be considered lucky but having known to sell before the drop is what you call risk managent, not luck, and deciding on what shares to have bought going into covid may or may not have been luck.
Around 2 yrs back A2M and APT were both around the $10 mark. A2M has up till this year Mar apparently been the biggest share gain not just on the ASX but over stocks the likes of Uber according to an article I read about that time. I have lost count of the number of articles I read around Sep by experts saying that at current PE it was their top pick whilst APT, then around $70 I think, was overpriced.
Last year A2M made around $385 million of npat on $1.7 bill rev and had like $700 mill cash on hand. Looking at these fundamentals you would have expected A2M to have gone from $18 this year Mar to around $30/$40 now. Ar the same time in Mar APT had fallen from ATH of $40 to $9.
Had you bought 1000 A2M shared in Mar for $18,000 they would today be worth $13,280. A2M went into a trading halt yesterday so not sure if it will be worth more or less on Monday. had you bought 1000 APT shares instead for $9,000 well that would now be worth $119,380.
DDU
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