Amen to that.
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yes I sold my ATM and bought SML when the price dipped to $6.55 in feb,and am now looking at going back the other way.I miss the cut and thrust of ATM.
lots of mooing cows today
We will see who is right, but in 12 months time I am hoping atm outrun synlait. But I have both investments so it does not bother me. I see atm being around $15 in 12 months time and synlait around $14 at that same time. Mind you I could be wrong and we could see A2 at $20 and sunlait sitting around $18 👌
http://www.scoop.co.nz/stories/BU180...s-on-track.htm
I find it difficult to split these two. ATM undoubtedly have superb growth prospects but the FY19 PE is materially higher than SML and SML will directly benefit from ATM's growth in certain key markets anyway as well as a number of other growth initiatives, one of which is detailed in the link above.
On the other hand ATM has very strong prospects both within the scope of the SML relationship and outside this through its new arrangements with Fonterra as well as growth from alternative dairy products.
Technically I think the chart of SML looks a LOT better than ATM, the latter of which could be a bit of a crowded trade.
Happy to have a bob each way for now and lets see how they go.