A2M +11.13%: It’s been a tough few years for A2M and more often than not, results day has been met with a large sell-off as they miss the mark, today that was different. The 1H22 scorecard released this morning was void of nasty surprises and confirms the new management team now have a handle on the business. While the headlines are weak with profit down 53%, they were inline with expectations and as the company said in the announcement, the company is now in a strong position to execute its strategy and deliver revenue growth in FY22, backed by nearly $700m of cash on the balance sheet. This has been a tough position for our Flagship Growth Portfolio having bought too early at $8.18, however we now see todays result as a turning point.
MM is bullish A2M
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