As always a bit of a sensational article by the Herald.
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As always a bit of a sensational article by the Herald.
[QUOTE=couta1;742046]As always a bit of a sensational article by the Herald.[/QUOTE
Didn’t help the SP too... all along the week she was so steady and this article came and the rest is all we know now couta.. I hope the news does not ruffle much
http://www.xinhuanet.com/english/201..._137695954.htm
This will result in lower tariffs with trade partners including New Zealand, Peru, Costa Rica, among others---A Snippet in the newsfeed listed above...
In this envoirnment... any news is good news... but the question is will A2 and SML benefit?...
Yes good news for the two companies and ATM in particular which continues to outperform the market. ATM is a high growth, high PE company which you would expect to under-perform in such turbulent times. The fact that it's been stubbornly holding up tells me the business is tracking along particularly well and in the companies words the 'unprecedented demand' continues (https://a2nutrition.com.au/home/stoc...-announcement/).
A2M having a good day on the ASX today
Bodes well for good start to the year on NZX tomorrow
WTF going on A2 share price
China problems again or something?
Just following the same daily trends as US stocks with high P/E ratios.
Not quite. It was (exacly) one year ago $8.20. But yes, forgive me for having been slightly inaccurate - I should have said "in a downwards channel for the last 10.3 months". Here is the channel I am talking about:
Attachment 10230
In case you are not quite clear - I printed the channel walls nice, fat and red for you ;);
BP ....pretty dismal eh
But channel might look different if you used ln(price) data (as the spotted one would suggest)
I think the charts look terrible due to all this Trump vs China tariff battle and people got spooked. Once half year figures come out next month we will see ATM rise again if only to $12 per share until full year guidance is given. That is my take on things. Business as usual