It was not a good result if you read the full analysis!
It is after all a pump and dump stock.
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ATM share price over $2 has already fully priced in any blue sky projections IMO. Fair MC would be somewhere around the 1.2-1.3 billion mark.
Someone has made a lot of dosh this morning. Now wait and see how a2m reacts on open:).
As I said its a pump and dump stock.
And I am holding 300,000 shares!
But EBITDA fro USA & UK down 70% and Corporate EBITDA down 60% and Revenue at the bottom end of expected range ($350-$360m), only $352.8m ....... rest good, NPAT etc...
There was not really anything that was over and above what we already knew, especially when you look at the year end Dec 2015 figures where there was, yes......... an 8000% increase in Net Profit.
Not this time anything spectacular since the previous announcement.
Decision time to sell or not???
Muppet, what better performing stock would you choose to replace ATM with in your portfolio?
The rollercoaster is fun until the wheels fall off haha. I for one have no doubt the financials are strong and surely people can't expect a company to smash its forecast every time!?! But alas, traders will be traders, and dumpers will dump :sleep: no matter how solid a company looks on paper
Is EBITDA even important when looking at markets where the company states quite explicitly they are ploughing money into in order to gain market share? What's important is revenue growth, marketing, brand awareness and setting up a solid platform for future sales. As far as I can see, they are executing that rather well. 1800 stores now stock A2 in the US and they could easily drop 10's of millions of $$ in marketing campaigns there.
As Left field states, what other companies are of such a size/scale listed on the NZX that are performing so well?
Let traders trade these days away, remember long term the market is a weighing machine. I would urge people to not get involved in the trading which will occur over the next few days. Likely others (or automated software algorithms) are far better at it than yourself.