ATM - A2 Milk Corporation Limited

[sb9]

https://nzx.com/companies/SML/announcements/300453

The announcement from Synlait today gives some hints around future prospects of growth for A2 in an indirect way...in particular the following statement...

“We’re anticipating a rapid pace of growth in the coming years as we pursue profitable new opportunities to make the most from milk. This requires us to continue developing our team and people at all levels,” said John Penno, Managing Director and CEO.

[hardt]

It is now set to launch a variation of its flagship a2 Platinum infant formula product that will be pitched at children up to six rather just babies in the first quarter of the 2018 financial year. “This will meet the growing market demand for products for younger children. We have experienced significant growth already in this market segment. And the brand proposition resonates very well with older children as well as infants and babies.’’



http://www.theaustralian.com.au/bus...a/news-story/946bb603802a68be557f09d7a93baffe

A2 to launch powdered milk products in China

A2 will roll out a new adult skim milk powder product through e-commerce channels into China

The a2 Milk Company will launch new product lines in the booming milk powder space to capitalise on soaring demand for its products in China as its share price climbs to record levels.

In the coming weeks a2 will roll out a new adult skim milk powder product for sale in Australia and through cross border e-commerce channels into China.

A2 currently only offers a whole milk powder product and Australia and New Zealand chief executive Peter Nathan said the milk powder segment was set to become a significant opportunity for the company.

“We are of the view that bringing the benefits of a2 Milk to Chinese consumers is strategically far easier using the powder form than the fresh milk form. It is far more in tune with logistics and consumer dynamics,’’ Mr Nathan said.

“One big benefit is transportation, milk powder is far more transportable via the diagou and CBE paths. Quite often Chinese consumers also prefer the taste of powdered milk as opposed to fresh milk.’’

A2 last week upgraded its annual revenue forecasts due to soaring demand for its infant formula products in China.

It is now set to launch a variation of its flagship a2 Platinum infant formula product that will be pitched at children up to six rather just babies in the first quarter of the 2018 financial year. “This will meet the growing market demand for products for younger children. We have experienced significant growth already in this market segment. And the brand proposition resonates very well with older children as well as infants and babies.’’

[Leftfield]

Interest in A2M from this article by FastCompany. as well as hints of products and progress in the US. Early days in this market 'tho.

(PS I'm taking a self imposed break from this forum, so no more posts for me for a while..... good luck to all holders....DYOR)

"Waltrip sees a2 Milk not just as a milk company but as something much bigger: expanding to capture more of the shopping cart, through lines of yogurt, cheese, cream, and ice cream. Meanwhile, the company already has a line of infant formula that’s doing well overseas. “Look, we started as a milk company and that was our foundation, but what we really are is a dairy nutrition company.”

[forest]

For Tax purpose I was wondering is ATM a NZ or Aus company?

[peat]

For Tax purpose I was wondering is ATM a NZ or Aus company?

My guess is that it depends on where your shareholding is domiciled.

[BlackPeter]

My guess is that it depends on where your shareholding is domiciled.

Not quite. It does make absolutely no difference for the tax status, whether the shares are bought (and hold) on the ASX or the NZX. There are a number of NZ companies which trade their shares on the ASX (most dual listing: SNZ, but some are just on the ASX - e.g. BRL), as well as a number of Australian or other overseas companies who happen to trade their shares on the NZX (ANZ being one of them, but TEM springs to mind).

However - given that ATM reports in NZD would I assume that they are a NZ company (even if they are quite coy about their premises ...).

[forest]

Registered
office
c/o Simpson Grierson
Level 27
88 Shortland Street
Auckland 1010
New Zealand

Level 11
80 Mount Street
North Sydney NSW 2060
Australia
Telephone: +61 2 9697 7000

Still wondering if ATM is NZ or Australian for tax purpose?
Can any of the accountants here on the forum shed some light?

[hardt]

A2M.ASX finished the day up at 3.17AUD = 345NZD

Due to the announcement this evening about the establishment of an emerging market division, welcomed expansion into SE asia.

[sb9]

A2M.ASX finished the day up at 3.17AUD = 345NZD

Due to the announcement this evening about the establishment of an emerging market division, welcomed expansion into SE asia.

Yes, here is the announcement

https://nzx.com/companies/ATM/announcements/300535

So sure seem to have good pulse on where the future growth lies in.

[777]

May be the timing of the announcement indicates it is an Australian company. Put out after the NZ market is closed and before the close of the Australian one. Perhaps Turnbull wanted it that way.