ATM - A2 Milk Corporation Limited

[King1212]

Gwyneth Paltrow is said to bath in it. Keeps her lady bits healthy.

Oh...euh.....I like her with the bits on it

[Sideshow Bob]

Does Kim Kardashian drink A2 milk?

Assuming you follow Kim on Facebook and Instagram ..don’t you Bob

You've learnt my secret Winner...…

[allfromacell]

12 holds again

But will it hold again...

"Trading on a PEG of 0.9x in FY19 and FY20, we maintain our Add recommendation and have increased our share price target."

https://www.morgans.com.au/Blog/2018...ss-all-metrics

[winner69]

But will it hold again...

"Trading on a PEG of 0.9x in FY19 and FY20, we maintain our Add recommendation and have increased our share price target."

https://www.morgans.com.au/Blog/2018...ss-all-metrics

WOW ....nice one

target was pretty high anyway ...so increasing it is good

Though PEG ratios are a dangerous thing to go on.

[BlackPeter]

...

Though PEG ratios are a dangerous thing to on.

Well ... less dangerous if the growth has a long history and looks sustainable ;

[bull....]

But will it hold again...

"Trading on a PEG of 0.9x in FY19 and FY20, we maintain our Add recommendation and have increased our share price target."

https://www.morgans.com.au/Blog/2018...ss-all-metrics

guess we will know in a day or 2 , the risk trade was long at 12 with a stop underneath , see if it holds

[Muppett]

Have increased their stake.
Hopefully they don't sell off too soon, as they inevitably will.

Didn't take long for GS to sell off.
Hopefully SP wont be impacted too much.

[Dust]

Are we forgetting that GS is a brokering business? Them reducing their stake = strong bids buying off them. It's when a broker becomes a substantial holder that's when nobody's buying.

[Muppett]

Are we forgetting that GS is a brokering business? Them reducing their stake = strong bids buying off them. It's when a broker becomes a substantial holder that's when nobody's buying.

We are.
I didn't really appreciate that, so thanks for the advice.

[MauroNZ]

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.

Thanks a lot mate, that helps to learn and understand.