http://nzx-prod-s7fsd7f98s.s3-websit...046/279290.pdf
"Rome wasn't built in a day" Good things take time.
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http://nzx-prod-s7fsd7f98s.s3-websit...046/279290.pdf
"Rome wasn't built in a day" Good things take time.
Back to 12 bucks by the end of the day ...not too bad
On a daily chart might not even be a GAP
you guys keep on convincing yourselves that the fundamentals will make everything alright. they might. but Mr Market is trying to tell us something.
the bottom-pickers today did well but today's bottom sometimes becomes yesterday's top. Sadly, the more I get shouted down on this, the more I will think that is more likely.
was always priced to fall one day, very hard to meet ridiculous expectations forever
I'm disppointed that Mark Lister from Craigs hasn't come out and said this is just a healthy correction
Punters need all the reassurance they can get .....especially when the headlines say that ATM collapse is so bad its bring down the whole NZX with it
Some people talking on here of ridiculous PE's is something I find a little amusing. Historic PE is completely inappropriate for a company looking to double or more its EPS.
Average analyst forecast on 4 traders is for ~ 30 cps earnings this year and just on 40 cps next year. Market is always forward looking with growth companies.
Check out some of the forward PE's on other major NZX stocks all with far more modest growth rates than ATM and you'll find forward PE's of mid 30's are not unusual. Examples FPH, POT AIA
My target for half way through FY19 is for the company to be trading on mid - late 30's forward PE for FY19 earnings of 40 cps giving about $15 later this year.
The long term growth story is well and truly on track.