Agreed Jimbo - the beauty of being a new CEO....
If I was in the same position all of the 'potential' negative news would have been aired in the most recent announcement. I think it has been laid out in prudent fashion with no hopeful forecasts included. It is difficult in the current climate to provide hope to holders that have been on the rampaging snowball travelling down the mountain, but I would concur that the bottom may be close. There may be tax loss selling to filter through yet, but surely todays sell-off brings the bottom closer. Every time I say it I am getting closer to being right I guess.
The non-cash costs will allow A2M to, in theory, return to growth as quickly as possible with healthy margins. This view will have people at polar opposites but I am inclined to believe this is the case, as this is a strong brand with tested supply chain that is reinforcing itself with the necessary improvements for sustainable decision making and rigor - ERP systems and channel rebuild/review.
Still a low cost, very profitable 1.2Bn dollar business here.
Agreed Jimbo - the beauty of being a new CEO.... If I was in the...
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Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.91 | $6.93 | $6.81 | $7.337M | 1.070M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4252 | $6.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.86 | 10763 | 3 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |