breach of the 120MA. I wonder where the bottom is. tough chart to read this one.
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breach of the 120MA. I wonder where the bottom is. tough chart to read this one.
There should be support at $10.50 area if it gets there, current PE of 25, $375m of capital projects being delivered in FY19 with growth of 25-30% year on year for the next 2-3 years, there are not many companies like this on the NZX. This may be a mere blip in the long term scheme of things. Nothing has changed in the last few weeks, except you can now buy in at a cheaper price.
Agreed, it is simply oversold, it has more good news to come such as SAMR approval for its IF products, etc.....
Good buying at this price? :confused:
I have decided that it is so dumped a few of my loss making OHE and placed them here ;)
ATM paid $10.90 for their additional 8% a while back so yes I think there is sound value at this price but my focus at present is to find growth stocks on much cheaper fundamental's that will pay me a decent (preferably fully imputed) dividend in my semi retirement. I have been buying more OCA and CMO.
I've added to my rash purchase at the highs so that I'm now about neutral (as opposed to underweight or overweight) on this stock. I think I am prepared to HODL on this one for the LT. I still dont own any ATM though so will go there next if there becomes a good opportunity. But my gut preference is with the maker of the product. And I believe SML has more of a call option comittment to A2 milk specficially , in that it can diversify if necessary but can benefit from strong growth.