Jeepers, anyone would think they weren't paying customers
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Sort of wondering why they not just increase their stock and happy to sell to them as much formula as they want? These guys are an invaluable part of our economy, they are paying the supermarkets margin, they are paying GST, they are paying NZ Post for all these parcels - and we are demonising them? They are heroes!
This is happening often and not just with milk products. It is big business also with fish. MAF is trying to get to the bottom of this by closing the loophole. I am not sure what the fish product was, but it fetched big prices on the Chinese market. I think that maybe certain taxes are not being collected along the way by our government or the Chinese government. This is possibly also the problem with milk products.
Exchange rate working against the stock if buying on the NZX, around 12c difference from a month ago, add to that the trashing the ASX is currently getting means it's baton down the hatches at the moment. Disc-Bought more today, but now time to stop and wait. PS-Dollar parity would make my holding look ugly at current prices.
https://nzx.com/companies/ATM/announcements/302262
Great move..Peter Nathan now in charge of Asia Pacific Region (ANZ, China and other Asian markets). I'm picking he's being groomed to be the next CEO if and when Geoff decides to call it a day.
Very smart management move by a very smart company.
Bought some at 332 last week and sold them for a wee gain on Friday. So couldn't resist buying more today at these levels. Not sure if this is the bottom though, could be some downward pressure from aussie.