Peter Nathan holds 420,000 if you bothered to go and do some research you would know that. You have been and continue to be wrong
Printable View
Peter Nathan holds 420,000 if you bothered to go and do some research you would know that. You have been and continue to be wrong
Look at this current situation with the Covid-19, ofcourse everything is getting extremely hard for any and every business out there. But I gotta put my both hand to applause to ATM, has been dodged all the bullets so far until now. Even then they still confident the EBITDA will still be in line of 31%.
$12.15 now gives FY20 PE of 22.6 which looks more realistic to me.
looks to high to me for a company with no growth in the next year overall. will probably have ebbs up and down in price but i think the tops in this cycle. covid gave it a unexpected push up , but now that is a big negative tail wind now. once the bull market finishs as well it be priced on much lower multiples like most stocks
I'm guessing high single figure growth from FY22 onwards for the next 7-10 years`..whether that's a safe assumption is anyone's guess.Attachment 11983 With thanks to Moose for sending me the TA Chart
I remember when XRO went from $45 to $12, talk from all and sundry on here at the time was it was finished and would never climb to those heights again, well the rest is history, it left the NZX at $25NZ and is currently trading at over $100AU. A2 is having its annual drop aided by a blip downgrade and is sitting on a huge cash pile, those who think it has had its day need to study stories like the XRO one, quite frankly I've heard it all before and have been in the middle of it before and I'm not keen on repeating past mistakes by being shaken out.
My thinking too Couta, the XRO experience is still fresh in my mind too.
We came out of XRO just fine......... and I'm certainly not one to panic over ATM.
In the meantime I smile when I read how views have changed.......
I'll take that advice and continue to HOLD. Thanks Beagle. ;)
Yeah I think you have a good point, a forward PE of 22 is still quite high. Good yardstick is Danone which has been enjoying solid growth and is forecast to enjoy 15.5% EPS growth in FY21 and beyond and currently trading on a forward PE of just 15.6 That's a PEG ratio of just 1.0 for a food company ! Wow, that's growth at a very reasonable price right there ! https://www.marketscreener.com/quote...34/financials/
More on Danone here https://www.danone.com/investor-rela...d-figures.html
Thanks for that quote Left Field...a wonderful journey down memory lane to years gone by. Looks like a quote from 2017. That was the last year the company grew really strongly with the share price up from $3 in March 2017 to $13 in March 2018. What a rush that was !! Its fun looking back at years gone by and remembering when shares used to be exciting, thanks, I enjoyed that, brought back great memories but there's no room in my investment strategy for emotional attachment to stocks based on past history. I find if you want to achieve market outperformance one needs to adapt their strategy to changing conditions.
I prefer GARP stocks mate, Growth at a reasonable price.
I for one can't see any point comparing a SAAS company like XRO with a dairy products company but if it gives you and Coutts some comfort I am pleased for you both.