It's all about Fear and Greed, make a nice cup of tea and sit back and watch the games being played and have a laugh to yourself.
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It's all about Fear and Greed, make a nice cup of tea and sit back and watch the games being played and have a laugh to yourself.
Some feedback from a broker :
1. $44m loss from US of concern. Much higher than their expectations.
2. Second half margin at 28.2% lower than expected.
Exit from UK and huge increase in spending in US (est $90m) - both countries have not been happy hunting grounds for NZ companies.
Marketing
Other Costs
Salaries
high % increases here
China ebitda margin a miserable 23% in H2 .....was 40% in H1
Hope it doesn’t stay this low
Of course, did take some profits around $14 mark in Feb'18 when they announced Fonterra tie up along with HY results and market just went berserk. And my reason for buying back is seeing that price (nearly) presented itself again.
And yes, they missed the expectation a bit for this FY due to higher marketing spend and its easily fixable.
It's disappointing from the consensus perspective but nothing that an uplift in management quality couldn't rapidly fix. I have no unique perspective on that variable unfortunately, A2 just isn't in my wheelhouse, so I'll leave further commentary to others.
Just a question of time IMHO. Way oversold today. Some big gaps in the TA above your purchase price waiting to be filled.
Been hard work sitting on my hands today, but I'm not a trader and am in for the long term. I still see this one outperforming most on the NZX. Safer than money in the bank IMHO!!
(ps even with today's decline, Share Site tells me ATM has averaged 110% pa over the last 5 yrs.)
GL to those buying today.