Financial Forensic - Part I
In this report, we identify financial forensics as an indispensable part of the short-seller's tool-kit. Specifically, we examine the role that a...
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A2M:ASX A Simple Metric to Support a High-Conviction Investment Decision
Edgware has said since December last year that A2M:ASX was a new type of blue chip company with organic earnings power that will see its earnings...
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A2M Guidance Confirms Infant Formula Regulatory Clouds Clearing in China
The modest A2M FY16 upgrade this morning to revenue of NZ$350-360m and operating EBITDA of NZ$52-54m remains light on new operating detail. While...
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A2M:ASX Retail Investors Offer Institutions Gift Entry Price
Edgware notes are generally too wordy. We will try being concise for once. The market is just plain wrong on A2M. (Not a claim to make...
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Dairy: Infant Formula Regulatory Clouds Clearing (Shame About Milk Powder).
Edgware remains confident in the strong operating leverage and high gross margins of A2M, despite the dampening of the milk powder opportunity. The...
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