Posted 2 days ago by bull ....
Hope you are not too punch drunk from your ATM losses not to notice and be up with the news? :scared:
Printable View
https://www.stuff.co.nz/business/125...arket-dries-up
Forbar cuts valuation to $7.50.
While a2 Milk had a number of redeeming features, including a strong cash position and a highly-regarded brand, the hit to profits and future growth “has been rapid and painful,” the analysts said.
The company was also facing risks from a lower Chinese birth rate, down 15 per cent in 2020, and increased competition, the analysts said.
“There are many unknowns, with recent announcements a stark reminder visibility is low and there is a high margin of error in earnings forecasts,” they said.
https://www.nzherald.co.nz/business/...2543UW7ZUIJJ4/
ATM's MSCI inclusion may be history in August unless share price goes up substantially in next 3 months.
The MSCI New Zealand constituents are F&P Healthcare, Auckland International Airport, Spark, Meridian Energy, Ryman Healthcare, Mercury NZ and ATM.
They should have observed by now that almost all the brokers and analysts have been wildly inaccurate in their forecasts for the last two years (yes, last 2 years).
All they do is blindly follow the company's guidance and adjust by +/- 5% to show their forecasts!
So what are the chances of the brokers being correct over the next 2 years?
I dont know about the brokers, but I do know many such as myself are grateful for your reality checks.
Thankyou.