Its always a good idea (buy/sell) with stocks like A2 to wait and see till ASX opens..
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Very good value at these prices, simple as that.
Hits target and slaughtered :confused:
NEW GS TPs A$17.40/NZ$18.30 on CL BUY................
A2 is a high growth stock so it's always going to be volatile, as the instos adjust their forward looking projections.
Like the momentum building the US (although costly.)
Mmm just catching up with the results and market reaction. Not a happy day for my portfolio.
NZX SP price slaughter looks like an over-reaction to me (but time will tell.)
My biggest negative is the increased advertising/marketing spend, I just hope it is well targeted and well thought out.....in David Ogilvly's words, "I know half my advertising spend is wasted, trouble is I don't know which half."
Completely agree, time will tell on that one. However when you know Gross Margins pretty much stay consistent and their revenue just grew by 41% of an already large base, strip out those costs as assuming they will decrease in the future and this beast is really spitting out some cash and is highly profitable.