Shake the trailing stops loose.
Topped up at 780.
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Shake the trailing stops loose.
Topped up at 780.
What are your NPAT expectations for the full year. I've calculated 170m, does that seem reasonable?
Having held for the ride from 60cents, I think I'll look at getting some more tomorrow. Still going lower on the ASX.
http://www.4-traders.com/A2-MILK-COM...22/financials/ Average broker forecast is $173m mate. ATM have a very good track record of upgrades and I expect with Synlait doubling their drying and canning capacity late last year ATM will finally be in a position to meet the sales demand this half. 18 - 24 months later ATM will need Synlait to step up to the plate again with more production capability expansion in my opinion. I'm expecting ATM's forecast to be upgraded, perhaps several times as the year progresses.
Consensus seems to be around 155-180, mostly unchanged since the November update.
The biggest driver of stock price performance has unequivocally been EPS revisions ( which reflects obvious fundamental strengths )
I got a lower $162m on my end, deep down I know it will be closer to 180m ( engineering a bit of outperformance )... maybe brokers have been doing the same for the last 18 months now?
Simply Wall Street reckon the PE is too high and a reduction may be in order for some holders, topping up must be the right thing to do in that case.
Thanks all. A foreward PE of 35 or so is pretty good considering their growth (both projected and potential)