That's why I have no concern about the SP drop. If sentiment like this continues to drop SP, you will see a minimum 50%+ premium bid for the company by any number of multinational giants.
We just need to look at the shorts on the company to see what the big greedy hedge funds think of A2M's high PE and future direction of the SP.
more competitor plan A2-β Protein Products, page-25
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Last
$5.90 |
Change
-0.090(1.50%) |
Mkt cap ! $4.271B | |||
| Open | High | Low | Value | Volume |
| $5.96 | $5.97 | $5.86 | $19.03M | 3.213M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4800 | $5.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.91 | 29913 | 3 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| A2M (ASX) Chart |