Somebody said $1 billion would be smashed
Always was going to be ~$900m
Margins about same as H1 and the hint of higher marketing some punters earnings forecasts are under threat as well
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I was hoping for 1 billion but honestly never expected it. Seems to be in line with expectations but I fear that the market will send the SP a bit lower in the near term
Their backward CAGR (2012 to 2018) is 56%. Not bad. Given that they grow now with 70%, this means their growth is still accelerating. Quite amazing.
If we put this growth into the Graham formula than their value would be well beyond the current share price (actually above $40 per share, or $23 if I use the beagles more conservative parameters) ... but hey, nobody can consistently keep growing with this rate - or can they?
So, I guess the current share price appears to be quite fair ... though, happy to pick some more up around $10 (hint, hint ... there is still this gap around $9.50);
Happy holder.
They usually under promise over deliver don’t they?
We need to stop reading quarter on quarter. This is a long term play. Traders will have fun. Other wise lock some in when the price is right and just enjoy the over all trend upwards
Edit - opps. Possibly a bit too flippant. Of course we should read quarterly results etc. But the hype is for the traders. Its the underlying trend that is important.
Hamilton Hibden Greene guru
Grant Davies (@G_T_Davies)
16/05/18, 9:30 AM
Will be an interesting trading day for @a2milk . Broker consensus revenue forecast was $952m, a2 now forecasting $900-920m. Also higher expenditure in the US & China. Are we looking at a rare miss for NZ's favourite growth story?
A bit of an over reaction showing up in the quotes. 11.80 now.