"unpolite"? "Does not mean you are right, doesn't it" is a good example of poor English. Oh yeah we have to excuse you for being a rude foreigner. What kind of so called intellectual challenges someone to name calling. Thats very weird BP
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I see Simply Wall St says this
REWARDS
Trading at 17.8% below our estimate of its fair value (so Target must be about $9)
Earnings are forecast to grow 17.97% per year / Earnings grew by 52% over the past year
RISK ANALYSIS
A2M passed our risk checks.
So lots of topside and low risk and love that 18% growth
Share price up more than 1% so far today
On a roll to 8 bucks plus
At 8.40 it will be up 100% from recent low….and that only about 9 months ago
Can’t do much better than that
Wish you hadn’t mentioned the buyback sb9
Had a dream it ended up like the FBU buyback ….. FBU bought $273m of shares and paid an average of $6.63 ….share price now $4.77
Seems a common occurrence companies paying over the odds for their own shares …hope A2 an exception
Anybody know what the average A2 has paid so far
Average buy price in buy back seems to be about A$5.45
That’s good buying
Lets not talk about Simply Wall Street, please.
Otherwise - sure, analysts typically use some of the well known formulas like Grahams formula, Earnings times something (often 10 or 12.5), or they do a DCF with input which is anybody's best guess (sometimes they reveal that as well) and if the outcome is too outrageous they moderate their raw forecast with some fudge factor to bring it closer to the SP of the day ... as any reasonable analyst would do. This creates obviously the illusion that estimates are following SP (which by the way they do ...).
Anyway - we both agree that analyst consensus doesn't correlate with the future share price, but I still think they can add value. They give you exactly what any other good analyst can provide ... some analysis of the past and some random guesses of the future. However - they show you at least what the market (who has no clue as well what will happen in the future) is thinking. This is useful information.
Agree BP that analyst consensus doesn't correlate with the future share price, …
But
….we could say share price (current) correlates with future analyst consensus targets
I don't really have anything to add to a discussion on ATM as I have found that trying to forecast its performance has been like throwing a dart from behind the oche whilst blindfolded.
Foreigner or not, there is nothing wrong with "unpolite." However I am but another foreigner too, as I am entitled to two other nationalities, by descent. "Unpolite" is more of a British usage. So foreign as well I guess? However I also think "unpolite" is more appropriate (more emphatic?) in different contexts compared with "impolite." However I had foreign influences in my upbringing.
Disc: ATM shareholder.
Now 3 weeks since any buyback and price still going up