ATM - A2 Milk Corporation Limited

[winner69]

Some may be interested in knowing that my neighbours and his bowling club mates have decided to give up on Comvita (not as under water as a month or so ago) and bought into ATM yesterday ...will be better than term deposits they say.

[silu]

Some may be interested in knowing that my neighbours and his bowling club mates have decided to give up on Comvita (not as under water as a month or so ago) and bought into ATM yesterday ...will be better than term deposits they say.

Isn't that the first sign that holders should sell out?

[pierre]

Isn't that the first sign that holders should sell out?

I think that's Winner's point.

[couta1]

Some may be interested in knowing that my neighbours and his bowling club mates have decided to give up on Comvita (not as under water as a month or so ago) and bought into ATM yesterday ...will be better than term deposits they say.

After you told them it should hit $10 by year's end, they should all be pretty keen aye, I mean what could go wrong!!!

[Baa_Baa]

Some may be interested in knowing that my neighbours and his bowling club mates have decided to give up on Comvita (not as under water as a month or so ago) and bought into ATM yesterday ...will be better than term deposits they say.

Taxi driver this morning said the same thing. Going to check in with the shoeshine boy before open today, he's onto it picking tops.

[Beagle]

On yesterday's close it trades at 34.8 times average analyst FY18 earnings. This for a company that tripled its EPS last year and by some accounts could double it this year.
Looking further out average analyst EPS growth is in the late 20's % per annum for FY19 and around 20% for FY20 which could be conservative.

Plenty of companies trading on similar multiples on the NZX with far less dynamic growth, e.g. and this is by no means whatsoever an exhaustive list, just examples that spring readily to mind AIA, POT, and FPH.
AIA 2018 PE 30, growth rates in eps for FY18, FY19 and Fy20 -23%, 5% and 5% respectively
POT 2018 PE 34 growth rates in eps for Fy18, FY19 and FY20 6% 8% and 6% respectively
FPH 2018 PE 38 growth rates in eps for FY18, FY19 & FY20 13%, 17% and 18% respectively
Source: All figures are average analyst numbers directly from 4traders.

ATM expensive compared to the growth rates of these companies or is it a case that some on here are not understanding how to price high growth companies ?, you folks be the judge ? Disc: Very happy holder !

[minimoke]

Some may be interested in knowing that my neighbours and his bowling club mates have decided to give up on Comvita (not as under water as a month or so ago) and bought into ATM yesterday ...will be better than term deposits they say.

down 2.9% so far today on that market news.

[pierre]

Some may be interested in knowing that my neighbours and his bowling club mates have decided to give up on Comvita (not as under water as a month or so ago) and bought into ATM yesterday ...will be better than term deposits they say.

Looks like they should have delayed their purchase till today - 21 cent drop at open!

[see weed]

Be grateful for small mercies mate. I have less than I'd like but always grateful when A2 makes my life a bit easier.

Just picked up some at 7.10.

[winner69]

After you told them it should hit $10 by year's end, they should all be pretty keen aye, I mean what could go wrong!!!

I almost cried when he told me what they had done

But this time it's different eh ...we will all be winners