ASX A2m closed at $11.18 or NZD$12.25 against nzx close of $12.18.
ASX SM1 closed at $11.01 or NZD $12.06 against a NZX close of $12.20
Not much in that to worry about especially for those cunning enough to have a bob or two each way on both
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
September 21 - NZX50 index rebalance. With them reporting on the 19th...could be an interesting week.
Cheers
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
I just think Synlait going up 6.4 % on a Monday is a little bit strange. It is either a sign the market has become irrational or something is happening.
I just think Synlait going up 6.4 % on a Monday is a little bit strange. It is either a sign the market has become irrational or something is happening.
The best way of describing A2Milk (as a long term holder) is a roller coaster where you need to strap your self in tight and hang on for your life to get through its often daily rides. Probably no reason why now SML is not in the same amusement park. As a holder always pays to keep your eyes on teh long term horizon
I just think Synlait going up 6.4 % on a Monday is a little bit strange. It is either a sign the market has become irrational or something is happening.
The market is often irrational and can also operate in a rational way from time to time.
Few if any would try and make the argument that Synlait has below market average growth. In fact many would make the case their growth is well and truly above average, at least in the top quartile and I would argue there are very few companies listed on the NZX with such a clearly defined roadmap to future growth. We're in FY19 already and I find it quite interesting that according to average analyst forecast Synlait has a market average forward PE of 22 for FY19. Any wonder ATM has been increasing its stake ?
I think even at $12.20 they're very good value indeed for the growth on offer relative to the market.
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
$12.35 this morning, exactly the same as ATM a moment ago when I looked...anyone would think their future fortunes are inextricably linked
Last edited by Beagle; 28-08-2018 at 10:34 AM.
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
Originally Posted by 777
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