Which is why I think its important to celebrate a win when you get one...probably get taken off you before long lol
Anyway...I let a few go at $11.90...I think at least some of today's price action is desperate short covering. NPAT was 2% higher than average analyst forecast, not 5-6% as suggested by the SP. Probably get egg on face like I have with HLG but I tell myself nobody ever went broke taking a profit and it certainly pays for a few of my favorite beverages
Beagle, something that keep me thinking on this share is the high P/E, given the earnings reported now and before do you think is still justified that P/E or is not that important for ATM?.
Beagle, something that keep me thinking on this share is the high P/E, given the earnings reported now and before do you think is still justified that P/E or is not that important for ATM?.
Hi MauroNZ. The market is always a forward looking beast. Average analyst forecast shows a forward PE of about 30 at the current price which I think is pretty reasonable for such a high growth company. You need to look at the EBITDA loss of (nearly $30m from memory) on U.S. operations to understand that the PE could be lower if they were not investing heavily for future growth.
Honestly I think this is a bit of a lottery where to from here in the very short term. Once we have more data in terms of first half sales for FY19 we'll be in a far better position to understand how their growth is currently tracking. Long term they are probably a good hold but could range trade in the ~ 10.50 - $12 range for a while.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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Originally Posted by winner69
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