3 months later...
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Love that price target, but it does highlight your point that going long is best(Unless trading is your main game) Think of all those people that bought XRO at $1 in 2007, it then reached $45 in 2014 from memory, and even after it's drop back, it's currently trading near $34 NZ, serious coin has been made by those using their Gutometer.PS-If XRO can reach those prices, A2 most certainly can.
3 months later... who would have thought eh?
I love being on the conservative side of wrong.....tho' I do recall my subsequent prediction of $NZ 12.00 (?) in 2018 made after the Nov 17 results. That too now looks way to conservative!
$NZ 20 by Dec 2018 now likely..... as for an end 2019 estimate SP I'll delegate that to Hardt!
Well done Hardt your forecast (or my interpretation of it) now looks the most realistic!!
I don’t mind that the price is dropping as I am hopefully accumulating once funds become available. Long term plan on this share for me, but I am hoping more $11-$12
How horribly wrong I was... thankfully not to my detriment as it usually is.
Left Field quickly revised his PT up to the teens while I thought I was keeping mine grounded at $9 :D
My target for the year is now $16.50
ATM.NZX 2017 2018 2019 2020 EARNINGS PER SHARE 12.29 29.00 44.00 55.00 SP AT 30 x FORWARD PE 870 1320 1650 1500 SP AT 40 x FORWARD PE 1160 1760 2200 2000 PEG RATIO AT 40X TTM EARNINGS 0.29 0.77 1.60 1.63 SP AT 60X TTM EARNINGS 737 1740 2640 3300 SP AT 40X TTM EARNINGS 491 1160 1760 2200
https://www.cnbc.com/video/2018/02/20/china-and-the-us-are-key-markets-for-this-dairy-products-firm.html?play=1
Goeff Babidge interview on CNBC