The SP will follow EPS growth, it's as simple as that in my...

The SP will follow EPS growth, it's as simple as that in my view.

It's never a perfect 1:1 correspondence and never looks like it in a very short term perspective. But zoom out a bit and you'll see it is only the company's outlook and performance relative to that outlook which has driven the share price year by year.

Management just need to set a realistic (but not overly pessimistic) expectation and then do everything to outperform that. They have already outperformed their initial FY25 guidance when they issued an earnings upgrade in Feb 25. The revenue outlook improved from "mid to high single digit growth", to now "low to mid double digit growth". Here is how the SP responded to that:




You can see on this perspective, anything one might perceive as "manipulation" becomes meaningless in the face of changes in company fundamentals. The problem that many here have pointed out repeatedly with A2M is that half yearly reporting rather than quarterly creates the potential for a greater disconnect to grow between the company SP, market expectations, and the actual company performance.

The last thing we need is management popping up every week to pump up the share price and lift expectations that are impossible to meet. We simply need them to pop up every quarter and say what their actual performance has been. Simple as that