I would care for little if to sell at 2.39 or at 2.45 with that kinda profit ayh. Anyhow, I sold some and left the profit in.
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Hmm...keeps rolling, can't help but get feeling that the current run isn't just purely based on earnings outlook as provided at ASM.
Something cooking behind scenes, someone accumulating in large parcels over past few days, a TAKEOVER perhaps??? Must keep an eye for any forthcoming SSHs, shouldn't be too far away for at least one of them to come out.
Also noticed the shorts on this stock on ASX have dropped quite substantially over last week or so. All in all makes for an interesting and exciting few days ahead.
I personally hope you are not right about a takeover. It would be a shame to lose this company just as it heads to dividend paying profitability. That said, ATM would be a great addition to many international brands.
Another possibility is speculation that the court case is going to be settled out of court favourably for ATM? (Pure speculation - I stress.)
Lots of Aussie brands selling into China have slashed profit guidance below last years while a2 has increased profit by 155% - I would say this is just a significant re-rate and the large parcels are merely large / international investors / istos etc taking a seat on the rocket, expecting guidance to be significantly higher once singles day etc are factored in. Not to mention the latest studies released yesterday. $3 by feb is my call - if not earlier.
Nearly there :)
Im not sure why people sell down in an up trend.? Its just getting good and you jump off the train as it leaves the station .
I understand the benefits of dividends i think, but ATM made the equivalent of a 5% div today.... And another 20 % to go i think . Im am looking at my weakest players to buy a few more. Ride the train ,i say... DYOR Mine is pretty weak as a newbie.:)
Bit of a sting in it's tail this avo. It is doing what it always does and does it very well.
Well, blame it Bellamy's who came out with terrible business outlook. Until now they were lucky basking in ATM's positive ASM glory and now this.
I'm sure being in same industry they all get hammered but I can't help but think that ATM is taking all market share from Bellamy's and Blackmores in recent months.
Bl22dy D Ters in Aussie getting caught with T + 2 !!
Just grabbed a few at 6.90, it's as if they noted they are making a loss.