As disclosed, I locked in 2/3rd of my gains and am taking a cautious approach with the balance of my holding.
A2M still trades on high expectations and simply cannot afford to disappoint. We have seen what a small fall against expectations in the FY results has lead to with the sp.
Fair enough. I still give them another 2 years for US new market investment and see how it progresses.
As disclosed, I locked in 2/3rd of my gains and am taking a cautious approach with the balance of my holding.
A2M still trades on high expectations and simply cannot afford to disappoint. We have seen what a small fall against expectations in the FY results has lead to with the sp.
Not that high with a forward PE of 22 once all the adjustments are done, in fact its dirt cheap for a company with the growth and potential of this one.
Not that high with a forward PE of 22 once all the adjustments are done, in fact its dirt cheap for a company with the growth and potential of this one.
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
No discount for Net assets which will be about 1 billion by end of 2020 plus eps should be around 50c not 44c.
You're certainly entitled to your own estimates mate but I note the average analyst estimate is 45 cps for FY20 so on today's price of ~ $13.50 that's actually a forward PE of 30. Even on your estimate of 50 cents that's still a forward PE of 27. Cash on hand is irrelevant, (in my opinion) when it comes to looking at forward PE's.
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
You're certainly entitled to your own estimates mate but I note the average analyst estimate is 45 cps for FY20 so on today's price of ~ $13.50 that's actually a forward PE of 30. Even on your estimate of 50 cents that's still a forward PE of 27. Cash on hand is irrelevant, (in my opinion) when it comes to looking at forward PE's.
Cheap as chips either way for a company with the potential this one has IMO.
Originally Posted by Balance
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