I'd say good on him. I would do the same.
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I'd say good on him. I would do the same.
Stats for NZ exports in March 2020 out. See comment here.
Export values of dairy products (up $106 million or 7.6 percent) and meat (up $102 million or 11 percent) also contributed to the total rise in March 2020. These increases in values were led by:
- milk powder (up $132 million)
- sheep meat (up $62 million)
- beef (up $49 million).
Compared with March 2019, unit prices were up for:
- milk powder (up 33 percent)
- sheep meat (up 9.0 percent)
- beef (up 10 percent).
Strong finish on both sides of the ditch, almost up a dollar from day's low. Pretty resilient performance on otherwise bearish day and shorts now below 4% at 3.91% with about further 28.8ml shares to cover.
Over in HC, poster Smuglex notes that Motley Fool consider ATM a BUY at current levels in the expectation that ATM will be included in the ASX top 10 within 10yrs.
"That means looking at the bottom of ASX top ten ladder we would need to grow to a MC of $70b Aus which equals a share price of over $70."
Ssooo if ATM makes the ASX in 5yrs that's a SP gain from current levels of about 70%pa
A more conservative 10 yrs still means a gain if 35%pa.
Food for thought.....particularly for those considering an investment at current levels.
Disc - Holding.
I hold but I have to say that is some of the worst reasoning I have ever heard.
They think ATM will be in the ASX top 10 in 10 years, what is this based on? Then based on this arbitrary assumption, the MC in 10 years and SP growth rate have been back calculated.
Seems like the opposite of how one should go about valuing a business.
Unfortunately another (albeit small) infant formula scandal in Hunan province.
Reinforces the value proposition of foreign imported formula.Quote:
Authorities in the central Chinese province of Hunan are investigating a baby products shop after at least five infants developed swollen heads allegedly from drinking fake milk formula sold by the store.