A2M has been a huge disappointment moving from hero to villain in just 18-months although it’s not been helped by Australia’s relations with China in recent times. While there’s nothing comforting about A2M trading sub $6 we can see another spike into the $7-8 region at least as new management start to get some runs on the board after completely re-basing earnings at their most recent update, while corporate appeal can’t be ignored. I recorded an episode of BUY HOLD SELL for LiveWire Markets this week and Jun-Bei from Tribeca flagged A2M as her dog of 2021 that would rise from the ashes in 2022! Mine was AGL Energy (AGL) for the record. We own A2M from ~$8.
MM is positive A2M under $6 though we don’t intend to average our position
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