Good little write up in todays herald. NZ shares rose yesterday to a record, led by a2 Milk Co as it flagged a dual-listing on the ASX, sales had grown 38 per cent in the past four months etc. .... Might be in for another interesting day for a2 shares today.
With a buy in price of 92c I'll be waiting a while yet to break even but I'm patient so all good aye.
Jeez 92 cents gives a market cap of $600m .....outrageously overvalued at this level. Must be ginormous growth assumptions if anybody gets a valuation above 100
The market does silly things sometimes. Maybe this is one of those times
Even so I hoping for 110 in the near future .....if only because that's doubling money time
Im guessing its them, since yesterday with those 50k blocks now today a 200k block and pushing the sp back down to 59c soon.
You would think they could wait for a asx listing instead of trying to dump them on market.
If it is them that is...
Sold mine that i got the other day this morning when i saw what was happening, I was hopeing to hold them long but what can you do eh, better to take profit while its there, ill buy back in when it drops under 59 again...or something else happens.
sorry to rain on ya party but it failed to get back above that resistance of old 66 - 67c anyway great to see sales are going good in aus will need to so they can pay thoses expensive advertising dollars in the US.
Saw exactly the same event happen, i suspect they are under time constraints so regardless of the ASX they will continue to dump. My average buy was around the .580 mark so will just leave it and hope they will complete their purge soon! May consider topping up when/if it gets back to those levels.
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Originally Posted by winner69
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