A$11 soon ....ASX opens soon
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Looks like ASX will open weak and NZ will get crushed back to 980-1000
Massive growth potential going forward. I think they can do 20 cps in the second half for full year earnings of 33.7 cps so even at $11 they're on a current year PE of just over 32. Pretty reasonable valuation from where I sit for such a phenomenal growth rate. Going forward into 2019 they will have access to a whole years doubling of supply from Synlaits new canning and drying plants, (only just on 7 months this year) so more outstanding growth for 2019 looks assured. Beyond that product development with the new Fonterra agreement will fuel more growth. Looks like an ideal long term investment to me.
Disc: Bought more last week, yesterday and this morning and looking for even more if there's a pullback into the low $10 range.
Worth noting that at $10.95, ATM is now New Zealand's largest publicly listed company...
well done to all the atm winners ... i think this officially confirms i suck at this trading game ... bought sml when i shouldve bought atm