ATL share price is back to where it was pre COVID.. Don't forget the share price was in freefall well before COVID... Seems in 2018 the market decided ATL was paying too much for all those acquisitions, especially the US businesses. Well we've mothballed the US , taken the hit and super low interest rates doing the rest.
ATL's largest operations are still in Aus/NZ, domestic foccussed businesses should do well, and Campify IPO could add $10 million of value to ATL...
Technically we look good near term while 45/46 holds, and CBA still buying through Morgans it looks.. Another run at 55/58 is entirely possible, but will take something special to break 58 in my view.
ATL Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
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