Good point BBQ Chicken, its not good business for a2 to sink capital into a marginal or loss making business.
Capital is best deployed to return a profit.
a2 needs to improve profit i.e. earnings per share (EPS) before the share price will gain traction.
In the absence of a re-rated EPS a2 share price will just have mini pumps and dumps with the instos taking the margin.
They have the algos to do that.
Media Updates, page-14443
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Last
$6.84 |
Change
-0.070(1.01%) |
Mkt cap ! $4.926B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.87 | $6.78 | $3.375M | 497.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 6129 | $6.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 5046 | 6 |
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| Last trade - 11.34am 19/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |