Sure, but as the dust settles just wait for another Melamine scandal.
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Problem solved:
Feeding cows seaweed could cut their methane emissions by 82%
Disc: Hold neither A2M nor seaweed
To those that follow ATM could you please provide some educated views on the following...
Is it a lost cause holding onto ATM shares. Stupidly bought in near its highs right before it took a turn for the worse. It's hard to believe the share price has dropped 60% for this company off recent SP $21 highs. Is there any point holding these shares in the hope the SP will recover in the next couple of years? Or should I cut my losses and move on. It is hard to see the SP dropping further and further, keep thinking it cant go any lower and must find support for a recovery at some point?
I doubt your question will prompt anything more profound than has already been expressed on this thread. Some people think it is still over-priced and will drop further as managers and punters get a more complete idea of how things are likely to travel post-covid. Others think it is under-priced and will start to rise once managers and punters get a more complete picture of how things are likely to travel post-covid. In other words, your guess is as good as anyone's.
The time to sell was around downgrade level 2. That was when Beagle and co were barking at their loudest warning of issues the company has. I did the same as you and purchased high, ended up getting out at $12 which was painful at the time but obviously happy now.
If I was you I would hold. If the position is less than 10% of your portfolio maybe even top up to DCA. If your holding is over 20% I wouldn't add. Just hodl.
There is plenty of upside with a huge china market that still has low penetration in the MBS channel and other growth to come from south east Asia and North America. Who knows, the new CEO could be a absolute guru and turn the company around.
GLH
Raided all nooks and corners around home to get a small top up at the close, can't be that bad this A2 story. Something's gotta give one way or other.
Mate you're in the hell zone. A couple of stories. I followed CNU all the way down to the $1.30s and kept dollar cost averaging. Why, coz I believed they'd eventually climb out of the political crap they were buried in. Worked out pretty well.
I bought into NZR at the top and watched it slowly decline. I didn't believe it could recover from a number of negative influences and so I bailed in the low $3s and took a sizeable haircut. Glad I did coz look at the sp now.
Obviously theses 2 cases are of no real immediate help but hopefully they'll prompt you to do your research on the company and the macro economics and based on what your conclusions are you'll commit to sell, hold or to continue investing. This share market game can be a tough gig and there's no easy path to riches. You win some, you lose some but hopefully you win more than you lose and along the way you learn heaps. I wish you well. Good luck!
Stay away until there is a clear upward trend. This has been a falling knife for 6 month
This is going to sound mercenary but hopefully, it will provide you with some guidance as what to do.
In the sharemarket, what holders (who have taken an absolute hammering) like you do next is one of the turning points experienced investors monitor closely.
Why, because the pain often becomes so great and unbearable that even the diehard believers finally give up and sell out - in other words, CAPITULATION.
And capitulation is when the experienced seasoned investors swoop and mope up shares off the tortured hands.
Imo your downside from here is probably around A$2 before it finds good support (based on technicals) - your upside could be much higher if the new CEO comes out with a really good strategy and convincing story of how the company intends to use its strengths to rebuild a better sales & marketing platform than one so dependent upon a low cost but opague sales channels which have proven to be shaky.
I certainly am not touching the shares myself until the new CEO articulates his strategy, and it better be a good and coherent strategy PLUS the sp shows a clear uptrend.
If I have to pay $10 to get back into the game, I am happy to. There is nothing more soul destroying than watch a share making new lows after buying it!
Speaking of new CEO. Have we had any kinds of interviews with him in newspapers or magazines? When Jayne became CEO I quickly had an impression what she was all about but the new guy is a mystery so far.
and @ Maxtrade. Never guess a bottom. However I do believe in DCA when a) the story changed and I like it and b) the market seems to like it too and it is trending up again.
Remember that David was appointed in August 2020 when everything was sweet for ATM - record sales, record profits, bright outlook and share price at all time high.
He was going to take over the rein with a solid growth platform to take ATM to new highs.
Then came the sale of shares by insiders and the triple profit downgrades.
He is a seasoned operator (like Jayne) but he is not going to make the same mistakes as Jayne did - mouthing off strategies & plans until he has assessed fully the unhappy situation ATM is in & put in a place a strategic plan to turn things around.
A plan with 100% buy in & support by the BOD before he announces it.
So his announcement is eagerly awaited.
Because of this uncertainty I sold all my holdings some weeks back. I can only see 3 reasons which would move the SP upwards where I would feel I missed out.
a) exceeding and upgrading forecasts
b) another baby formula scandal in China
c) takeover activity
Neither to me is likely in the short term so why hold and freak out about the constant downward spiral.
I like the last 14 posts. Very good reading. I have still got my 50c shares which am not selling, but am also waiting for next update. Am not going to say how many thousands my portfolio is down this year. A2 does it to me every year for the last 3 years, but this year is a bit deeper, but I can absorb that. A2 update was on 22/4/20 last year. This years update not out yet. What normally is the results of a later update?