Jeez - no patience required. Ping $10 done!
Edit. And only 7 sellers in the queue. Something's up.
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Jeez - no patience required. Ping $10 done!
Edit. And only 7 sellers in the queue. Something's up.
Plenty of demand for shares that's for sure. I topped up yet again this morning and moved up to holding an equal number of ATM and SML shares.
I still think at $10 on a 2019 PE of 16-17 (on my forecast range) that its very good long term buying for this company with its very strong growth plans.
I reckon A2 is now cheap compared to SML, forget PE relativity, it's all about world wide potential. PS-A2 will need a lot more supply going forward that SML can provide.
There had been strong demand for food related stocks in the Australasian market as well. In fact some milk and meat companies in the Asian-Pacific region not only have outperformed the broader market but also have become multibaggers during fast three years.
However, at some point, I expect correction from those stocks as well. In other words over extended stocks could have some short term risk. Strong balance sheet firms in this sector will outperform others in the long run.
In the meantime another Chinese own milk company having support of Alibaba has an ambitious plan to list on the NZX within the next 3-5 years.
Sp back to where it belongs...