Got my answer today.
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Yes, an accident waiting to happen, markets always hammer the highest growth stocks the hardest with even the slightest falter. pe of over 60 crazy
My worry is SML is also way too highly priced, having all my shares bought in the cheap years is good but still dont want to see a big fall
Come August, when they report their FY results you can bet that they would beat that number.
Everyone seem to forget to look at the long term bigger picture. Fonterra partnership, US market gaining traction, SEA market growing, Middle East market expansion and recently announced South Korea partnership.
Its just that market went bit crazy with valuation after the HY results announced. And basically valuation is now back to more realistic levels and long term growth still remains intact.
Watch the space....
Agreed, but the growth all came in the first half and will drop out of the yoy soon enough. Company does say revenue weighted to first half so maybe it's all fine and growth will continue. Must be a limit to what can be milked from China, need to see other markets like UK and USA pulling their weight.
wow, it is cleopatra material out there at the mo.
#milkbath
Forget about the gap fill - the whole pattern looks more like a giant island reversal, which is immensely bearish.
Roll back 12 months they said they would forecast to do $505mln for FY 17 and the actual came in at $549mln. Higher by $44mln with all the talk of supply shortage.
'nuff said, bring on August with actual numbers.