Should do well from a declining dollar. Not sure I would be a buyer at these prices, but a very happy long term holder.
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Should do well from a declining dollar. Not sure I would be a buyer at these prices, but a very happy long term holder.
For what it is worth: NTA $2.16; Analyst consensus $5.80; Value based on Graham's formula: $12.58; value based on 10 forward PE: $3.50; SP $7,96;
I guess this indicates that the analysts don't believe that they can stick with their roughly 15% CAGR - or that they factor in a risk premium. I guess the A2 story could either end at some stage, or alternatively it could take over the world. Interestingly - both options would be bad for SML. Option 1 would mean nobody wants their top line product anymore and option 2 would mean that there are lots of competitors selling the same stuff.
Very difficult to define a fair price for such a company without having a flawless crystal ball. Personally I think they are at the moment a bit too hyped up considering the potential risks, but then - if everything goes to plan they are still undervalued.
Discl: still hold some, but sold most of them. Might have been the wrong decision - or maybe not.
A nice 3.5% gain today :)
Ehmmm...anyone top up at this level...AGM in 4 weeks..just missed out $7.75
A2 milk powder selling like a hot cake...go SML!!!
https://www.3aw.com.au/the-audit-on-...re-a-shortage/
All good news, and forward statements very encouraging, like the bit about growing at pace. Population growth in
markets should keep tailwinds moving in the right direction.
Time for a bump. I'm late joining this particular party but bought in today. Looking forward to positive attention going off ATM and back onto SML later in the week / next weeks as AGM nears.
Edit. And while I have your attention, whats with all these volume parcels of 1 - 10 shares going through at 12:49 12:50. Rats and mice 5 - 10 below other trades?
Probably bot trading minimoke. I have been buying too. Took a punt and bought up a few last week at just under $7 and a few more this week prior to the ATM annual meeting.