What many observers in the market have missed is that ATM delivered yet another earnings downgrade with its latest results.
It did not come directly from the company but it is clear that analysts & brokers, after discussing the results with the company, did a wholesale downgrade of earnings - as reflected in consensus forecast for F22 dropping from 24 cps to 16 cps.
Most unwise to buy a stock until it moves from downgrades to upgrades.