It appears this one is going in a straight line, well not entirely - others would say exponential ;)
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I think you said on another post that you bought some last week? Well done . Good timing. Im going to wait until it is over its last high point , and see what change i have in my pocket after the election . One more sleep to go ! GOD BLESS AMERICA ... and everyone else too.
Not really, I'd settle for flat to low growth though Ginger,
Lets see what guidance comes from the agm, based on the Q1 revenue at $112.5 we are probably looking at revenue guidance of around $450M, perhaps a less depending how much ATM discount for regulatory disruption as Synlait already have, vs $514 which is the present analyst consensus.
So, in my humble opinion, the market is generally still likely to be underwhelmed on agm day, despite today's presentation and all the good work ATM are doing.
We will need to wait and see if they can hit UK&US segment expectations given they fell well short of guidance at FY reporting achieving only 50% of expected revenues. The market has lost confidence a little in the US entry, esp because of the increase capital requirement also.
Still ATM could surprise and avoid some regulatory disruption, and if SML can somehow respond with short notice a2 orders, than both companies could potentially do quite well, especially SML which is well undervalued on the NZX at the moment but is due to list on the ASX before xmas, the ASX will just lap SML up I reckon.
And of course we have ATM's successful court action to look forward to in late 2017 :t_up:
My bet is a ATM win, (more than likely settled out of court before the hearing.)
Big difference in the close prices today, ATM should shoot to 2.14 tomorrow if it matches Aus price.
Unless Trump wins :(
Surprising that SML hasn't moved yet on the news also given that's where the infant formula comes from, they must be reconsidering their expectations also to the upside for FY17, a bit for a food chain lag perhaps, excusing all goods puns.