Its the hype.
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Really?? What evidence have you that Geoff is standing down any time soon?
IMHO it is all 'Business as Usual' for ATM and it is extremely unlikely that ATM will repeat the mistakes made with their last CEO hire/fire. Happy to place my faith in the Board to get it right (and sort of hope that Peter Nathan gets the nod.)
Anecdotal news of ATM getting to 8% - 9% in the Chinese IF market is incredible. Shorts have all but disappeared.
Attachment 11310
Good times for holders!!
At the start of all this COVID business who would have thought that ATM was the new safe haven. It is one of few stocks that have gone up and by quite a bit.
Doesnt matter that the DOW has had some huge down days, ATM seems to plough on.
Massive run....
Will chinese consumers be even more astute as to the origin of their food and food safety after all this, I tend to think so.
Looks like a big short squeeze at close on ASX pushed A2M to finish right on A$ 19 which just over NZ$ 20. BOOM TIME :D:t_up::D:t_up:
Trimmed about 20% of what I had at just over $19, with the intention to buy lower. However at the rate this is taking off I am hesitant to sell any more unless we get around $21-$22.
Market clearly knows something we don't, or maybe just realising that with anything exposed to the financial sector, land/house values or tourism is screwed for awhile, there is very few financially strong growth companies selling essential goods left.
So we're back at a forward PE ratio of over 40, A2 must really be killing it in China but how much of those IF sales are pulled forward? It's a great company with a promising future but I just can't see it being worth more than $14B, now firmly inside the top 25 ASX stocks on valuation. My portfolio is heavily weighted in these shares but I'll be letting a lot go tomorrow morning if someone is prepared to pay me $20 each for them.
I hope Couta is smiling.......somewhere.
Well done all holders!
Allfromacell.....(nothing personal but your name is a bit too reminiscent of Covid for my liking. lol.) You say a forward PE of 40 plus is excessive..... and you may well be right.
However how do you justify FPH PE over 70 and XRO's about 5,000!! Strange times. Makes ATM seem almost modest.