Thanks for the link on short selling 92. Its a good read.
I think the causal factor for short sellers on a2, is a2's poor profit performance. Nothing else.
For year ending 6/2020 earnings per share (EPS) was about .50 cents. Estimated EPS for 6/2024 is .24 cents and for 6/2025 is 27 cents.
A2 has not turned the corner on historical profitability. I.e. a2 is half as profitable as it was in 2020.
A2 really need to break even on MVM and USA operations to improve EPS.
If you read the fine print in their public reports these are two of their priorities.
Having said all of the above I am still holding a2. I am still confident management will steady improve EPS.
Thanks for the link on short selling 92. Its a good read.I think...
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Last
$6.25 |
Change
0.510(8.89%) |
Mkt cap ! $4.525B | |||
| Open | High | Low | Value | Volume |
| $6.24 | $6.77 | $6.05 | $29.65M | 4.654M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 152106 | $6.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.00 | 370 | 1 |
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| Last trade - 11.20am 27/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |