Come on BC Doc, get into the ride, it's great fun. If it wasn't for all the dumpers, how would we make any $. So once all the dumpers have dumped, where to from here;).
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As I said its a pump and dump stock.
And I am holding 300,000 shares!
But EBITDA fro USA & UK down 70% and Corporate EBITDA down 60% and Revenue at the bottom end of expected range ($350-$360m), only $352.8m ....... rest good, NPAT etc...
There was not really anything that was over and above what we already knew, especially when you look at the year end Dec 2015 figures where there was, yes......... an 8000% increase in Net Profit.
Not this time anything spectacular since the previous announcement.
Decision time to sell or not???
Muppet, what better performing stock would you choose to replace ATM with in your portfolio?
The rollercoaster is fun until the wheels fall off haha. I for one have no doubt the financials are strong and surely people can't expect a company to smash its forecast every time!?! But alas, traders will be traders, and dumpers will dump :sleep: no matter how solid a company looks on paper
Is EBITDA even important when looking at markets where the company states quite explicitly they are ploughing money into in order to gain market share? What's important is revenue growth, marketing, brand awareness and setting up a solid platform for future sales. As far as I can see, they are executing that rather well. 1800 stores now stock A2 in the US and they could easily drop 10's of millions of $$ in marketing campaigns there.
As Left field states, what other companies are of such a size/scale listed on the NZX that are performing so well?
Let traders trade these days away, remember long term the market is a weighing machine. I would urge people to not get involved in the trading which will occur over the next few days. Likely others (or automated software algorithms) are far better at it than yourself.
Good question. Well I am still in.
My point was not so much to criticise the company as a whole, but really to say that the SP had already priced in the good news/performances from the previous announcements and that there was nothing additional to get the SP moving north in this morning's confirmation of the figures.
So people/dumpsters took their profit this morning.
With no unexpected/additional positive figures to excite, why would investors expect an increase in the opening SP today?
Muppett, Good decision IMHO, always easy to be influenced by day traders and profit takers, however the longer term trend is what excites me about this coy. Surely it is going to outperform NZX top 50 for some time to come.
ps I really liked the latest UK marketing campaign ("A2tonishing! Ordinary on the outside. Extraordinary on the inside") and can't wait to see them start some real marketing in NZ in 2017.
Hmm VWAP $2.236 with $35m volume. I pick up a couple at $2.08.
So that's ATM done and dusted for the next few months. Who's the next cab off the rank... maybe AIR:).
PE ratio extremely high at 179, even at this price. Furthermore, 0 percent Div yield.