ATM - A2 Milk Corporation Limited

[777]

Harbour Asset is reduced their holding.

True but someone also bought them.

[sb9]

Harbour Asset is reduced their holding.

A net reduction of 229,777 shares out of their holdings of 36mln odd shares...

[waikare]

All credit to you, wow that's lowest entry price I've seen, do you mind sharing which year was it...

Sept. 2011

[iceman]

Sept. 2011

Absolutely right waikare. I started buying in back then. Went in boots and all in Dec 2012 at 51c. But like some others, sold out last year when I believed it was becoming too hyped up. Mistake was to sell all my holding. Should have sold only part of it as ATM had become nearly 40% of my NZX portfolio and was keeping me awake. But exited at a very very good profit and very happy. Great company with a great product.

Lesson: take some profits when you feel like it but never sell 100% of your good performers like I did with ATM. We live and learn

[Leftfield]

Absolutely right waikare. I started buying in back then. Went in boots and all in Dec 2012 at 51c. But like some others, sold out last year when I believed it was becoming too hyped up. Mistake was to sell all my holding. Should have sold only part of it as ATM had become nearly 40% of my NZX portfolio and was keeping me awake. But exited at a very very good profit and very happy. Great company with a great product.

Lesson: take some profits when you feel like it but never sell 100% of your good performers like I did with ATM. We live and learn

The other lesson I take from such success is the value of having 'patient money' and 'investing for the long term'. IMHO such a strategy beats the hell out of short term trading and continually trying to pick the 'high' and 'low' entry/exit points. (Not to mention the tax benefits of not having to pay tax on your capital gains.)

Waikare and other long term holders now 'nicely positioned' should ATM begin paying dividends. Well done!

Disc; I've held ATM since July 2014. My current av holding price is 98c.

[longy]

Absolutely right waikare. I started buying in back then. Went in boots and all in Dec 2012 at 51c. But like some others, sold out last year when I believed it was becoming too hyped up. Mistake was to sell all my holding. Should have sold only part of it as ATM had become nearly 40% of my NZX portfolio and was keeping me awake. But exited at a very very good profit and very happy. Great company with a great product.

Lesson: take some profits when you feel like it but never sell 100% of your good performers like I did with ATM. We live and learn

Given its SP went up and down in the past... it was hard not to sell the lot when the SP rises quite a lot. I have done both... Held on and sold then bought back in. Both worked well for me. In hind sight is easy to see/draw conclusion but have to decide to hold or to let go isn't so easy.

[t.rexjr]

If only we could all invest with 20/20 hind sight... I got out Friday. Current price seems a little nutty.

[Beagle]

Four million crossed at $3.18 just after the close, up another 10 cents today. Rubbing A2 milk into yesterday's wound, feels very soothing...that stupid manuka honey medicine is snake oil rubbish now

ROTFL!

That's massive...something's up for sure, glad some pain eased for you from this one Roger

Thanks guys.

http://www.4-traders.com/A2-MILK-COM...apide&mots=ATM Trading on a FY18 forward consensus multiple of 25 times earnings for a company that recently nearly quadrupled its interim profit and is only just starting to scratch the surface of some international markets.

Over-priced or more potential to come ? From a TA perspective we're making ongoing new highs on high volume and looks very promising. Fundamentally it doesn't look too stretched either. The shorters have all been closed out and properly scalped so that's not really the issue it once was (well...not for now anyway).
A2 has real earnings and highly impressive earnings growth driving its SP growth. Closed at $A2.96 in Aussie, equal to $3.20 here.

Market is always forward looking. Not sure why some people think this is overhyped when the FY18 multiple is very reasonable considering the growth rate. Technically this looks very strong. Letting my profits run until such time, (if ever), it breeches the 100 day MA to the downside. Food for thought. Why has the volume been so strong on a rising SP to fresh all time high's ? Obviously lots of others see tremendous ongoing growth potential...

[whatsup]

Thanks guys.



Market is always forward looking. Not sure why some people think this is overhyped when the FY18 multiple is very reasonable considering the growth rate. Technically this looks very strong. Letting my profits run until such time, (if ever), it breeches the 100 day MA to the downside. Food for thought. Why has the volume been so strong on a rising SP to fresh all time high's ? Obviously lots of others see tremendous ongoing growth potential...

Rog, whats the 100 day MA quote/price to the downside by your reconing ?

[Beagle]

Rog, whats the 100 day MA quote/price to the downside by your reconing ?

Looked on Friday mate. $2.40. One of the secrets to investing I wish I'd learned decades ago is to simply keep your finger off the sell button and let your profits run.