Arrr no, here we go again, where will it end, up up an away :t_up:.
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Arrr no, here we go again, where will it end, up up an away :t_up:.
IMO a2m/atm is firming up re the AGM presentation next Tues.
News from across he ditch, Macquarie rates ATM as "Outperform" and raises target price to NZ 8.40.
Source: HotCopper.
Volume is very low these last few days,no large commitment,some are waiting to see whether the forward comments are going to be positive enough.
That hits the nail right on the head. SP has had a tremendous run and is sales growth this year strong enough to underpin how the shares have already performed ? That's the $64,000 question as they say, (although I'd wager quite a few on here have quite a bit more than that amount riding on it).
Disc: Currently don't own but have a modest stake in Synlait. Might consider buying again when these have de-risked a bit / sales numbers come out to justify the stratospheric SP growth.
On ASB in research Morningstar puts ATM’s value as 3 average, while XRO’s value is 5 lowest. Also lower risk 2 with ATM than 3 average for XRO. Both have growth 1 highest. Interesting. Morningstar do not provide a valuation on ASB but it probably won’t be long before they do cover it.
https://www.asb.co.nz/asb-securities...e-atm-nzx.html