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10-09-2020, 06:17 PM
#16881
Originally Posted by Beagle
Yeah...I finally got a well thought through response, (by email from a former member) to the question I posed - Has the growth rate slowed ?
A good considered and pragmatic email that. Thanks Beagle for posting and also to the original author. That in conjunction with the backdrop of some key people selling does give pause for thought. Might just sit on the sidelines for a bit and see where she falls (no pun intended of course ).
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10-09-2020, 06:29 PM
#16882
Originally Posted by jimdog31
Forgive me I feel the below shows the trend more accurately.
100,001 shares or more
No of holders 290 571,102,053 1 august 17
No of holders 232 575,517,122 1 august 18
No of holders 191 618,338,672 1 august 19
No of holders 142 643,520,013 1 august 20
I'm relatively new to investing, but that feels like proof of tree shaking YOY.
Less holders, holding more shares. What will 1 Aug 2021 look like? I bet you Citi have more shares then.
Lol I'm one of those holders and I haven't cut off any branches.
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10-09-2020, 06:42 PM
#16883
Originally Posted by couta1
Lol I'm one of those holders and I haven't cut off any branches.
Its crazy to think 142 holders own 87% of this company!!
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10-09-2020, 06:49 PM
#16884
After adjusting for cash and US losses, the PE for A2 milk is sitting well below 30.
They have predicted strong revenue growth, with good margin for the year head. A2 milk has never let us down on their forcasts. I am also impressed with how they are managing costs, given the amount of growth in recent years.
I personally think there's very good value at this level, compared to the rest of the market (NZX50 average is 28!). Happy to recently increase my holding by 50% too.
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10-09-2020, 06:52 PM
#16885
Originally Posted by jimdog31
Its crazy to think 142 holders own 87% of this company!!
And those 142 holders will ultimately determine where the sp ends up not the other 13%.
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10-09-2020, 07:03 PM
#16886
Originally Posted by couta1
And those 142 holders will ultimately determine where the sp ends up not the other 13%.
You gotta be pretty brave to swim against the tide of the big boys but there is clearly reward in doing so, the 87% dont want the price to go down long term.
Last edited by jimdog31; 10-09-2020 at 07:43 PM.
Reason: context
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10-09-2020, 07:26 PM
#16887
Beagle asked ‘has growth rate slowed’
It’s one of those Dorothy Dixer questions .....like the answer is in the question.
Anyway it deserves a response. Working on that and let you know in a day or two. And I’ll reckon it’ll be more objective than moosie’s response.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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10-09-2020, 08:14 PM
#16888
Originally Posted by couta1
And those 142 holders will ultimately determine where the sp ends up not the other 13%.
I'm in the top 100 with you Couta but somehow I don't feel as though I have any power to shift the dial!
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10-09-2020, 08:27 PM
#16889
Originally Posted by JeremyALD
After adjusting for cash and US losses, the PE for A2 milk is sitting well below 30.
They have predicted strong revenue growth, with good margin for the year head. A2 milk has never let us down on their forcasts. I am also impressed with how they are managing costs, given the amount of growth in recent years.
I personally think there's very good value at this level, compared to the rest of the market (NZX50 average is 28!). Happy to recently increase my holding by 50% too.
Hi mate,
I normally listen closely to what you have to say on here but on this occasion my view is that adjusting for losses in countries in which the company is trying to achieve growth and eventually achieve critical mass is a pretty creative way to assess a growth company's forward earnings, especially if much of that growth that's hopefully forthcoming is in lower margin milk sales. On one hand the company is projecting growth and on the other you're adding back the cost of getting that growth, that's pretty creative accounting. Why stop there ? Add back all their marketing spend as well and then you could make the case its really cheap for a growth company...ahem...but remind me again, how are they going to achieve that growth without that spend ?
No argument from me that the market overall is VERY fully priced, but I would argue ATM included for its future more modest growth rate.
Last edited by Beagle; 10-09-2020 at 08:30 PM.
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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10-09-2020, 08:40 PM
#16890
Interestingly those insto's that own the majority of ATM stock constantly sending out their hyenas for short raids with their BORROWED computer assisted algorithm trading. Taking the largest feast once the tree shake damage is done the goal to "keep increasing that pot-of-gold" All part of the a2 cycle now for years with brokers using low ball valuations or fake news to create doubt among holders as without them they have nothing.
Normally flick a few shares out yearly but this time decided to hold.
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