Originally Posted by
Beagle
Fair enough Gents and a good robust debate. At the end of the day everyone has to find their own pathway that works for them.
I posted today as a way of contributing and asking has the fast growth story run its course ? I think it is a question well worth putting out there because clearly the analysts are projecting out much slower growth rates going forward than what ATM has enjoyed in the past and ATM shareholders are shortly to again lose the wonderful and incredibly valuable expertise of Geoff Babbage. How the new guy will go is clearly a risk, just as it was when Herdlicka came on board.
For what its worth, my story is I have also done very well out of ATM..I rode it up for a few years and sold out most of my holding in March 2018 at just under $13. Before this I trimmed some along the way and I am sure others made a lot more from ATM than I did and good for them.
Since late March 2018 by my calculations ATM has increased in price by 39.5%.
In very late March 2018 the NZX All Gross Index was 9060 and is now 12,820 so is up 41.5% over that same timeframe.
I think ATM's slight underperformance of the NZX all gross index over that timeframe adds some validity to the merit of my question today pondering whether the good times have ended and I guess the question I am posing is really one that asks whether ATM is now a mature company with much more modest growth rates going forward ? Will we get market outperformance going ahead after slightly underperforming the market since March 2018 ? That's the $64,000 question, (so too speak), or for some people, quite considerably more ;)