Start one. BAL of no interest here.
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WOW you're on fire Coutts. I remember we talked about your entry in to BAL just before Easter at about $9.50.
The milk companies (excl SML) are on FIRE! Just as well Fisher funds have HEAPS so I'm happy too.
2.36% in one day, more than you'd make in a whole year with a one-year bank deposit. Still, I reckon this has pushed the limits (check the Bollinger) and expect a retreat/sideways shortly. Be nimble. A share that doesn't pay a dividend doesn't earn respect the from multitude of value/earnings investors on NZX (or in this case ASX as well), especially those who missed the latest run up, so run with the money and quit quickly when the money turns against you. Or just hold and ignore the gyrations as it settles and then moves to new highs.
From Yahoo finance. Is this old news???
Elsewhere, another baby-formula business in a2 Milk Company Ltd (ASX: A2M) has received its required Chinese regulatory approval (notably its supplier Synlait Milk Company Ltd (ASX: SM1) is largely Chinese owned) and is printing new record highs again today.
Found this link from over on the Crypt Currency thread
https://medium.com/@Taelpay/our-ecos...d-901b4c4e3a55.
Looks like ATM is into Tael's (WAB)
"[COLOR=rgba(0, 0, 0, 0.84)]This change in price (tael token) gamifies her shopping experience (A2 Milk)........[/COLOR][COLOR=rgba(0, 0, 0, 0.84)]"[/COLOR]
Crikey! At current prices ATM now a '30 bagger' on my original purchase price at 53c!
Attachment 10497
This doesn't include a few trades over the years to 'free-hold' my holding, and ATM remains at 60% of my portfolio. :t_up:
Absolutely. You buy a share with a 2018 earnings of 27 cents for $16.48. Well, that's not a PE of 80 but above 60. Obviously - the only way to justify this share price is if you assume strong and sustainable growth for many years to come.
Put the historic CAGR of roughly 50 and the forecasted earnings into the Grahams formula, than the share is worth close to $50. But than - it is much easier to grow a company from $62 m revenue (in 2012) to $922m than to grow it in the same timeframe from $922m to $13.7b.
Which means - growth will inevitably slow down. The multi billion dollar question is - how fast and by how much? Depending on the answer to this question is ATM at the moment cheap or dear.
Ah yes - and don't forget - XRO has (based on 2018 earnings as well as on 2019 predictions) still a negative PE ... :sleep::
$16-70 wow !