That's a good sign, always notice NZX gets way to ahead of itself and ASX comes along spoils the party. Let's wait and see till what the shorters have in plan for the day when ASX opens...
Printable View
https://nzx.com/companies/ATM/announcements/296790
I encourage all to read up on the enclosed presentation from ATM, superbly put together as usual.
Of particular interest for me are slides 13 (brand awareness), 14 (China regulation) and 15, 16 (US and UK trading update)...
1.3m of shares trading hands in the last 10m off market. Sheesh!
Jeepers that fell flat just as fast . Mkt cap close to $1.9 billion. All built in?
Maybe another wave of buyers tomorrow after reading all the positive news in the papers.:t_up:
Totally agree with consensus of other posters, outstanding result. Assuming 11 cps earnings at 2.64 that's a current year PE of 24. Seems very reasonable to me considering the growth rate.
Usually takes a little bit to digest news. I think Aus shorters are in control of the SP a lot and were expecting a poor report, or more negative language, based on BAL's latest issues.
Personally can't see anything wrong here. Company growing like crazy (50-55% this year), has $108m in the bank, can pay a 10c divi this year if they want, which would equate to around a 4% return based on todays SP.
What is not to like? Only one slightly negative statement about slowing IF in China. Huge growth oppourtunity in the USA if they hit it right and with a 35m kick start, based on our knowledge of management skills, they will hit it right. The UK is profitable meaning they have got 2 western markets right. Anyone think they aren't the people to do it again? I wouldn't bet against them now...