Fair enough. I still give them another 2 years for US new market investment and see how it progresses.
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Five days in a row and a2 is up 77c from its 6 monthly low:t_up:.
Citi Investors conference today and tomorrow in Sydney-A2milk is participating...These guys downgraded the stock to $12.20(AU).....
https://www.marketscreener.com/A2-MI...-LTD-11384022/
FY20 forward PE 29.5
You're certainly entitled to your own estimates mate but I note the average analyst estimate is 45 cps for FY20 so on today's price of ~ $13.50 that's actually a forward PE of 30. Even on your estimate of 50 cents that's still a forward PE of 27. Cash on hand is irrelevant, (in my opinion) when it comes to looking at forward PE's.