ATM - A2 Milk Corporation Limited

[Leftfield]

if you have ATM in your portfolio... one thing is for sure..What is see at 9am would have been drastically changed at 5pm(only IF you have ATM)...Jeez these movements are like pendulum swings...

It certainly is a 'game of two halves' these days!!

(I liked the upswing today....bodes well for the next upswing.)

[gbogo]

that's a very strong close technically.. 4-5x normal volume. i would expect it to try the $11.50 area tomorrow.

[Beagle]

Yes a very noticeable ramp up in volume on the nzx today. Tomorrow should be very interesting.

[NZSilver]

Haha some good money in it for traders. I have held and ignored, let the pros do there thing but not give up my shares. Yep I think people know high volumes with rebalance tomorrow means likely price increase that should last a few days then the trading might start again. Plenty of volatility and liquid which is perfect for short trades. However long term I believe we will see it head upwards

[Beagle]

Haha some good money in it for traders. I have held and ignored, let the pros do there thing but not give up my shares. Yep I think people know high volumes with rebalance tomorrow means likely price increase that should last a few days then the trading might start again. Plenty of volatility and liquid which is perfect for short trades. However long term I believe we will see it head upwards


Agree 100%. Trying to stomach the wild roller-coaster ride and not panic..might need some motion sickness tablets and a bottle of something to calm the nerves tomorrow.

[winner69]

Good sign for tomorrow is that atm closed at its high for the day .....that’s really positive

[minimoke]

Good sign for tomorrow is that atm closed at its high for the day .....that’s really positive
It is - though Oz finished a bit lower (and SML finished higher)

[Valuegrowth]

This stock also followed other global food stocks and didn’t drop very badly. I found some egg stocks such as CALM, meat and milk stocks such ATM2 as are trading at PE ratio above 50? Can they sustain the growth? Don’t you think it is wise to go for attractive discounted stocks in the sector with promising future instead of extended PE ratio stocks? Yesterday after sometime I saw there was heavy demand for some global food stocks trading at great discount to the market. It sees time to avoid overextended PE stocks.

[winner69]

See the fundies been given heaps of extra time today to swap around their shares as part of the MSCI rebalancing

No doubt a fair amount of cooperation

[Beagle]

See the fundies been given heaps of extra time today to swap around their shares as part of the MSCI rebalancing

No doubt a fair amount of cooperation

Can you please give us some more detail about that mate ?

[Muppett]

See the fundies been given heaps of extra time today to swap around their shares as part of the MSCI rebalancing

No doubt a fair amount of cooperation

How do you know this?
CBA loaded up yesterday 5m!

[Ggcc]

Let the fun games begin today 😊. I have my popcorn ready

[winner69]

Can you please give us some more detail about that mate ?


NZX wishes to remind market participants that extended trading will occur across the Main Board, Debt Market, NZAX and Fonterra Shareholders’ Market today, Thursday 31 May 2018.

Amendments are being made to accommodate the last trading date in advance of the MSCI semi-annual review.

Today trading will be extended per the below across each of the affected markets:

• the Pre-Close Session will be extended by 15 minutes, and will commence earlier at 4:30pm;

• the Adjust Session will be extended by 20 minutes, and will conclude at 5:50pm; and

• the Enquiry Session will consequently commence at 5:50pm.

If you have any questions please contact NZX Product Operations on +64 4 496 2853 or at: productoperations@nzx.com

Further information on the MSCI semi-annual review can be found at the link below:

[ratkin]

Might be a silly question but do the fundies have to pick up its shares from the NZ market.

[Sideshow Bob]

Over $11 already

[winner69]

Might be a silly question but do the fundies have to pick up its shares from the NZ market.

I don’t think so

For instance an A2 share is a A2 share ..doesn’t matter where bought

They ‘shunt’ shares across the Tasman quite a lot (according to Balance)

[Muppett]

Not a silly question.
Hopefully someone knows the answer.

On 29 May 2.4m traded on NZX, yet CBA picked up 4.4m ATM.
Doesn't seem like its from the ASX, but they probably swap funds around.

[winner69]

Over $11 already


So $12 here we come ......

[waterboy]

So far just a normal day at the office, maybe when asx opens it will get more interesting otherwise we can conclude that the buying was done over a longer period than just one day which doesn't seem like it would be in the funds best interests.

[couta1]

So $12 here we come ...... Bit conservative for you winner, $13 close sounds more like it but hey I'd be happy with $12.50.

[RupertBear]

Bit conservative for you winner, $13 close sounds more like it but hey I'd be happy with $12.50.
I am hoping to sell a few at $12.75 and buy them back when it goes down again. If my sell doesnt go through I am happy to hold...I think ;)

[winner69]

its going to be a long long day if tens of millions of ahares are going to be bought in hundreds

[Beagle]

NZX wishes to remind market participants that extended trading will occur across the Main Board, Debt Market, NZAX and Fonterra Shareholders’ Market today, Thursday 31 May 2018.

Amendments are being made to accommodate the last trading date in advance of the MSCI semi-annual review.

Today trading will be extended per the below across each of the affected markets:

• the Pre-Close Session will be extended by 15 minutes, and will commence earlier at 4:30pm;

• the Adjust Session will be extended by 20 minutes, and will conclude at 5:50pm; and

• the Enquiry Session will consequently commence at 5:50pm.

If you have any questions please contact NZX Product Operations on +64 4 496 2853 or at: productoperations@nzx.com

Further information on the MSCI semi-annual review can be found at the link below:

Thanks mate, much appreciated.

[BlackPeter]

its going to be a long long day if tens of millions of ahares are going to be bought in hundreds

Its now parcels of 90 ... but I guess it works - price is already dropping.

[Muppett]

How many are required?
Someone posted 40m last week I think?

28m ATM traded in the last 10 days on the NZX.

And now its down!

[Nasi Goreng]

I'm not buying into any of this MCSI mumbo jumbo. I've never known of a magic day where price goes through the roof. If there were such a thing, the price would have gone to the moon over the last month.

[BlackPeter]

I'm not buying into any of this MCSI mumbo jumbo. I've never known of a magic day where price goes through the roof. If there were such a thing, the price would have gone to the moon over the last month.

Good point.

[couta1]

I'm not buying into any of this MCSI mumbo jumbo. I've never known of a magic day where price goes through the roof. If there were such a thing, the price would have gone to the moon over the last month. It's actually been to the Moon and back and should be on it's next mission to Mars in the not too distant future.

[minimoke]

Hardly startyling volume at teh moment. 110,000 shares in an hour - going to take a while to get to 40m. SML low volume as well

[minimoke]

I'm not buying into any of this MCSI mumbo jumbo. I've never known of a magic day where price goes through the roof. If there were such a thing, the price would have gone to the moon over the last month.Lets reveiw after 7.00pm tonight (close of ASX) and tomorrow/ I don't expect the moon - but a 10% gain on my 10.00 buy (currently at $11.00) the other day makes me happy enough.

[couta1]

Hardly startyling volume at teh moment. 110,000 shares in an hour - going to take a while to get to 40m. SML low volume as well It all happens in the last half hour today mm.

[bull....]

its a good betting stock this one

[Beagle]

I'm not buying into any of this MCSI mumbo jumbo. I've never known of a magic day where price goes through the roof. If there were such a thing, the price would have gone to the moon over the last month.

Free lunches enjoyed in recent times. PPH NZX50 inclusion Dec 2018 - SP up just on 20%
CVT NZX50 inclusion some time back SP up 20%

If there's a free lunch lying around always trust a hound to find it :) Somewhere close to $12 by end of day's trading, that's my prediction.

[nzsharetrade]

Only SPH Notice - Commonwealth Bank of Australia so far......who are buying in last week?

[minimoke]

And there we have it. I ve made a parity buy of ATM at 10.00 and SML at 10.00. Lets see how many more fingers I loose with these knives.7 days later. Parity once again at $11.00

[Joshuatree]

"Who are buying in last week?"

Lots of us little"mumsie and dadsie" buyers maybe. I picked up some on the ASX and will shunt them over here at some point.

[Beagle]

7 days later. Parity once again at $11.00

Well done mate. Ironic they keep pacing each other isn't it.

[Nasi Goreng]

Free lunches enjoyed in recent times. PPH NZX50 inclusion Dec 2018 - SP up just on 20%
CVT NZX50 inclusion some time back SP up 20%

If there's a free lunch lying around always trust a hound to find it :) Somewhere close to $12 by end of day's trading, that's my prediction.

That would be amazing and if so, I will bow with humbleness to the great beagle, king of the free lunch and kick myself for not jumping on the ATM train.

[Beagle]

That would be amazing and if so, I will bow with humbleness to the great beagle, king of the free lunch and kick myself for not jumping on the ATM train.

Can't guarantee 20% this time mate but keep an eagle, (rhymes with Beagle, sorry couldn't resist), eye on depth match pricing in the last 30 minutes of trading today. Could be some very "interesting and significant" price movements both positive and negative for various shares this afternoon.

[minimoke]

Can't guarantee 20% this time mate but keep an eagle, (rhymes with Beagle, sorry couldn't resist), eye on depth match pricing in the last 30 minutes of trading today. Could be some very "interesting and significant" price movements both positive and negative for various shares this afternoon.The problem with that is ASX is open for a couple of hours longer than us - I see the silly bugger games happening after we close.

[Muppett]

The problem with that is ASX is open for a couple of hours longer than us - I see the silly bugger games happening after we close.

If that pans out, then a big drop on tomorrows opening on the NZX?

[Ggcc]

If that pans out, then a big drop on tomorrows opening on the NZX?
I see $11-11.20 finish so far, but it maybe early days yet. Just made some fresh popcorn

[couta1]

I see $11-11.20 finish so far, but it maybe early days yet. Just made some fresh popcorn No hint of any significant rise at the moment or bargins on any of the other MSCI index stocks which will be getting a haircut.

[Muppett]

I see $11-11.20 finish so far, but it maybe early days yet. Just made some fresh popcorn


I can't see how 38m shares can be traded on both the ASX and NZX by the end of today.
Thursday is always a good night on the town. Plenty of hot women around to take my mind off things.
Maybe Friday is a good SP day:-)

[Ggcc]

No hint of any significant rise at the moment or bargins on any of the other MSCI index stocks which will be getting a haircut.
Have you been looking at Synlait? I think that is significantly rising. As for A2 I don’t know what it’s doing, as it seems like another day at the office.

[couta1]

Have you been looking at Synlait? I think that is significantly rising. As for A2 I don’t know what it’s doing, as it seems like another day at the office. I mean rise for A2.

[bull....]

selling off now you might need some of those hot ladies to take your mind of the coming carnage

[Beagle]

I can't see how 38m shares can be traded on both the ASX and NZX by the end of today.
Thursday is always a good night on the town. Plenty of hot women around to take my mind off things.
Maybe Friday is a good SP day:-)
How did that famous old saying go ? Something like "Most of my life I invested most of my money on fast women, fast cars and booze, the rest I wasted " :)

[Muppett]

How did that famous old saying go ? Something like "Most of my life I invested most of my money on fast women, fast cars and booze, the rest I wasted " :)

The lower it goes the less to spend on the dollies.
Will, log off and pray, before going out.

[nzsharetrade]

.......going down. if ATM misses the full year target. we will be back to stone age.:mad ;:

[Ggcc]

Look at the size of those orders and all the shares seem to be heading lower

[allfromacell]

27,403,465 shares on the buy depth right now :O

[777]

Why are we in the closing mode before 1645?

[minimoke]

Why are we in the closing mode before 1645?Good question!

[peat]

Good question!
its not just ATM

[Ggcc]

Look at the size of those orders and all the shares seem to be heading lower
Now they are heading up......... This is fun Times

[gbogo]

early close because of MSCI index rebalancing. currently estimating a closing match of $11.25 but it is moving around all the time as people add orders. There will be $300m+ matched, I believe. Match completes as usual just before / after 5pm.

[44wishlists]

That's announced in the market this morning.

https://www.nzx.com/announcements/318737

Reminder – extension of trading sessions today31/5/2018, 9:06 am GENERALNZX wishes to remind market participants that extended trading will occur across the Main Board, Debt Market, NZAX and Fonterra Shareholders’ Market today, Thursday 31 May 2018.
Amendments are being made to accommodate the last trading date in advance of the MSCI semi-annual review.
Today trading will be extended per the below across each of the affected markets:
• the Pre-Close Session will be extended by 15 minutes, and will commence earlier at 4:30pm;
• the Adjust Session will be extended by 20 minutes, and will conclude at 5:50pm; and
• the Enquiry Session will consequently commence at 5:50pm.
If you have any questions please contact NZX Product Operations on +64 4 496 2853 or at: productoperations@nzx.com
Further information on the MSCI semi-annual review can be found at the link below:
https://www.msci.com/documents/10199/49d039f0-e36b-a171-a1fc-0da8fbf6925e

[BlackPeter]

Why are we in the closing mode before 1645?


Good question!

NZX extended the closing auction today to allow for all the index re-balancing.

[777]

Well that was well advertised. Not.

[gbogo]

now showing $10.95 as estimated match price.

[Blair]

Hello,
Newbie here.
I thought I understood about the index fund requirement to purchase by today. I assumed that would be a positive thing for SP.

Can someone explain how this makes sense? Specifically the large sell orders at below $10? Are these just large existing holders that are using the large volume buying as an opportunity to get out without the price tanking as much as it otherwise would or what?


9710

[BlackPeter]

Well that was well advertised. Not.

I think I've seen somewhere a post from winner announcing that. What other advertisement do you need ;)?

Here we go: https://www.sharetrader.co.nz/showthread.php?2318-ATM-A2-Corporation-Limited&p=716627&viewfull=1#post716627

and here is the source: https://www.nzx.com/announcements/318737

[gbogo]

now $10.87, which is where it was at 4:29pm, pretty much.

[gbogo]

and volume of 48.5m shares for $527 million done at 10.87.

[777]

I think I've seen somewhere a post from winner announcing that. What other advertisement do you need ;)?

Here we go: https://www.sharetrader.co.nz/showthread.php?2318-ATM-A2-Corporation-Limited&p=716627&viewfull=1#post716627

and here is the source: https://www.nzx.com/announcements/318737

Thanks. Seldom look at the NZX site.

[Muppett]

Mercury out of index, SP up
ATM in index, SP down

?

[gbogo]

Hello,
Newbie here.
I thought I understood about the index fund requirement to purchase by today. I assumed that would be a positive thing for SP.

Can someone explain how this makes sense? Specifically the large sell orders at below $10? Are these just large existing holders that are using the large volume buying as an opportunity to get out without the price tanking as much as it otherwise would or what?


9710

It's the end of day match process. orders left in or placed in it, all get matched off at the same rate if they cross. So the lower your offer, the more likely you are to get matched. But if there are more offers than bids, the average calculated rate used will be lower. As people see that though, they tend to place more buy orders, thinking, i'll buy them cheap down there. and that pushes the average price back up. all this time, the market is locked for trading.

it is explained in sec 6.9, page 30 onwards here: https://www.nzx.com/files/assets/archive_regulations_june.pdf

[t.rexjr]

Mercury out of index, SP up
ATM in index, SP down

?

Answer = the whales eat a lot of plankton.

[BlackPeter]

Mercury out of index, SP up
ATM in index, SP down

?

Well, ATM is not really down - closing only one cent lower after trading 57,223,438 shares for $622,448,615. Who knows- maybe the efficient market theory is true after all :p;

No, but seriously, given that the news was very old indeed (announcement of index re-balance happened a month or so ago) was it clear that the players do prepare, which they did.

Well done to all participants to trade 2/3 rds of a billion dollars worth of shares of one company without upsetting the market.

[Joshuatree]

"Who are buying in last week?"

Lots of us little"mumsie and dadsie" buyers maybe. I picked up some on the ASX and will shunt them over here at some point.

May be a few folks who don't know this and it can be useful at times. You can buy a dual listed stock on the ASX in this case and get your broker to "shunt' it over to the NZX at no cost (for me anyway). If you've got $A you want to use up or occasionally you can buy ATM cheaper there or make use of a dropping $NZ etc.

[Beagle]

Well well, what a complete fizzer that turned out to be.

[Joshuatree]

Yes that is my experience too from watching index resets on the ASX via H/C.


https://www.sharetrader.co.nz/images/misc/quote_icon.png Originally Posted by bull.... https://www.sharetrader.co.nz/images/buttons/viewpost-right.png (https://www.sharetrader.co.nz/showthread.php?p=716439#post716439)
correct , thats why i believe it will be a non event or down as a surprise

[Leftfield]

Well well, what a complete fizzer that turned out to be.

Not exactly, 57 mill shares from 'weak hands' are now into the arguably more 'stable hands' of index funds.

It would also be nice to think that there will be a little less SP volatility now. Business as usual - onwards and upwards!

He said hopefully ;)

[Beagle]

Not exactly, 57 mill shares from 'weak hands' are now into the arguably more 'stable hands' of index funds.

It would also be nice to think that there will be a little less SP volatility now. Business as usual - onwards and upwards!

He said hopefully ;)


WOW, Well just on three quarters of a billion dollars combined value traded on both sides of the Tasman suggests the current price is fair value for now so as you suggest hopefully there's lower volatility going forward...time will tell.

[couta1]

Lower volatility and A2 go together like chalk and cheese, shorters will be keen to get in there now for another romp.

[Valuegrowth]

Lower volatility and A2 go together like chalk and cheese, shorters will be keen to get in there now for another romp.
Shorters will appear when stocks appreciate strongly within the short period. There are two schools of thought on shorting. They went terribly wrong in many occasions in the current long bull market. I noticed they succeeded in some stocks over the last 18 months by shorting some stocks. When market players short stocks, intelligent investors will get great opportunity to buy quality companies at great price. For example some stocks dropped nearly 50% after hitting all time high. Global Investors grabbed attractive stocks from their both hands during last two days.

Investors will get some attention on this stock too when they see great value. Until then value investors will wait patiently.

[ratkin]

WOW, Well just on three quarters of a billion dollars combined value traded on both sides of the Tasman suggests the current price is fair value for now so as you suggest hopefully there's lower volatility going forward...time will tell.

Except many of the buyers had no choice, they were forced to buy. Not so the sellers.

[t.rexjr]

Lower volatility and A2 go together like chalk and cheese, shorters will be keen to get in there now for another romp.

Average Joe would be brave to short in the near term. Remember this past week + has been orchestrated and systematic. That gap was tickled but not filled even with that onslaught so I doubt it ever will. Most shorts would've been covered by closing. I'm picking a nice few weeks meandering and a new announcement before there's enough meat for the next attack. Skulking in the shadows waiting for near or new highs. Too risky otherwise. Will see what the new dawn brings I guess...

[t.rexjr]

Except many of the buyers had no choice, they were forced to buy. Not so the sellers.

Forced to buy but scared into selling. Those left standing are certainly not seeing fair value at current price

[bull....]

https://www.sharetrader.co.nz/images/misc/quote_icon.png Originally Posted by bull.... https://www.sharetrader.co.nz/images/buttons/viewpost-right.png (https://www.sharetrader.co.nz/showthread.php?p=716439#post716439)
correct , thats why i believe it will be a non event or down as a surprise

following the plan nicely you imagine sml will fall back too now after artificial boost in price

[Muppett]

WOW, Well just on three quarters of a billion dollars combined value traded on both sides of the Tasman suggests the current price is fair value for now so as you suggest hopefully there's lower volatility going forward...time will tell.


Seems not.

[Joshuatree]

10.3% shorted yest , by volume.

[bull....]

yep looks like the msci rise was from 10 - 11 now its back to trend

[JohnnyTheHorse]

MSCI Index inclusion is only good if it's going up. If it's going down, you now have ~10% of the shareholders selling down to maintain weightings... snowball sort of thing.

[winner69]

Realistic DCF valuation is only around $9.75 ....anything higher has really high growth rates lasting a long time.

Nut that’s only one opinion

[mikeybycrikey]

Realistic DCF valuation is only around $9.75 ....anything higher has really high growth rates lasting a long time.

Nut that’s only one opinion

The problem with trying to value high growth companies is that any valuation is highly dependant on how long the growth continues for. 70% growth for 5 years is hugely different from 20% growth for 5 years.

And trying to estimate growth rates is a bit of a guessing game.

[mfd]

MSCI Index inclusion is only good if it's going up. If it's going down, you now have ~10% of the shareholders selling down to maintain weightings... snowball sort of thing.

Won't the weightings more or less maintain themselves? The desired weight drops, but proportional to how the value of their stake has dropped already.

[winner69]

Won't the weightings more or less maintain themselves? The desired weight drops, but proportional to how the value of their stake has dropped already.

I think you are right .....as I understand it the actual weightings of stocks in the index don’t change that often (might not be until the next quarterly change) So until then no impact on ATM or other stocks in the index.

But if there is a mass withdrawal from those index funds then selling pressure (of all stocks in the index) could ensue ....and that could trigger even more withdrawals etc etc

Not guaranteed correct - sometimes I’m wrong.

[winner69]

The problem with trying to value high growth companies is that any valuation is highly dependant on how long the growth continues for. 70% growth for 5 years is hugely different from 20% growth for 5 years.

And trying to estimate growth rates is a bit of a guessing game.

Totally agree...all depends on your guesses / assumptions eh

But things like DCFs are more robust guesses than doing the lazy way of guessing what’s an appropriate earnings multiple to come to a value

All we really know is that at the moment the consensus view is its worth just over 10 bucks ....how did the market arrive at that value?

[Beagle]

http://www.4-traders.com/A2-MILK-COMPANY-LTD-11384022/consensus/

[Dust]

Thoughts on picking up a handful of these at discount today? Or more blood ahead? Cheers

[minimoke]

Thoughts on picking up a handful of these at discount today? Or more blood ahead? CheersThere is always blood ahead. This is one volatile stock. Thers' no picking a high or a low. ( bought some a week ago at $10.00 so no discount yet)

[Dust]

There is always blood ahead. This is one volatile stock. Thers' no picking a high or a low. ( bought some a week ago at $10.00 so no discount yet)

Thanks mini, might wait and see.. seems cheap valuation wise

[Filthy]

Thoughts on picking up a handful of these at discount today? Or more blood ahead? Cheers

you may wish to consider dollar-cost averaging if you are looking to 'get in' but unsure about timing it correctly ;)

[bull....]

according to the fool a broker in hong kong has downgraded a2 to sell

[Joshuatree]

Why are a2 Milk’s shares on the decline again?
Today’s decline appears to be related to a broker note out of Hong Kong investment bank CLSA.
According to the note, the broker has downgraded the company’s shares to a sell rating on the back of concerns over daigou pricing.
Unsurprisingly, this has also weighed heavily on the performance of fellow infant formula company Bellamy’s Australia Ltd (ASX: BAL) (https://www.fool.com.au/company/Bellamy%E2%80%99s+Australia+Ltd/?ticker=ASX-BAL). Its shares are down almost 5% at the time of writing.
Should you buy the dip?
While a broker downgrade to a sell rating will always shake the confidence of investors, especially when it trades on such a high valuation, I do think that when the dust settles it could be worth considering an investment.
But I would only recommend making one if you are willing to invest for the long-term. In the short term the company’s shares are likely to remain quite volatile due to the bulls and the bears battling it out for control. But in the long-term, I can see its shares climbing notably higher from here as it expands internationally and gains more market share in China.
Investors might want to consider buying half the total shares they want own in the coming weeks, before picking up the rest after its full-year results later this year.

[waterboy]

Well that MSCI business really did not go to plan, not that I am surprised. It wouldn't make any sense to the funds that have to buy in if it drove the price up significantly as it would likely trend back down and the funds would lose money....big boys don't like that. Exactly who was selling to who for the transactions to go through is a mystery as all after hours.
Questions now are:
1. Will it be less volatile with shares tied up in funds....going by today maybe not.
2. Will it fill the lower gap....who knows...it is a bug bear the shorters might be looking at.
Really need some good news to stabilise things but results not due for a while. Would like to see something from A2 on m bovis, are any farms infected and also an update on Fonterra deal....mainly around whether any new milk supply or is that more a synlait update.
Long term still good provided supply not hampered by bovis and no. of a2 farms

[bull....]

Well that MSCI business really did not go to plan, not that I am surprised. It wouldn't make any sense to the funds that have to buy in if it drove the price up significantly as it would likely trend back down and the funds would lose money....big boys don't like that. Exactly who was selling to who for the transactions to go through is a mystery as all after hours.
Questions now are:
1. Will it be less volatile with shares tied up in funds....going by today maybe not.
2. Will it fill the lower gap....who knows...it is a bug bear the shorters might be looking at.
Really need some good news to stabilise things but results not due for a while. Would like to see something from A2 on m bovis, are any farms infected and also an update on Fonterra deal....mainly around whether any new milk supply or is that more a synlait update.
Long term still good provided supply not hampered by bovis and no. of a2 farms

the funds selling were the ones who think it is overvalued , nice range has developed in the battle between bulls and bears makes for good trading 10 - 11 nzd 9.40 - 10.26 aud

[winner69]

http://www.4-traders.com/A2-MILK-COMPANY-LTD-11384022/consensus/

I see Snoopy's target is still in there ....but don't laugh because he might get the last laugh

All still on the high side ...but median looking more realistic bearing in mind it is target so should be 10%-15% less at this point in time

So under $10 looks about right ....just shows you outrageous the $13/$14 prices were

[hardt]

I see Snoopy's target is still in there ....but don't laugh because he might get the last laugh

All still on the high side ...but median looking more realistic bearing in mind it is target so should be 10%-15% less at this point in time

So under $10 looks about right ....just shows you outrageous the $13/$14 prices were


It is entirely tied into the optimistic forecasts for 1bn+ in sales... if what Harbour and Goldman are saying is true "if not for the rebranding and transitioning into Chinese label, A2 would have far exceeded market expectations... yadda yadda yadaa" then that $14 valuation would be standing pretty tall...

So it rests on that entirely, was the transition a true interruption to sales growth or is it a front for the sequential growth slowing.

One way or the other it takes one solid report to kick current valuations to the curb as they have done in the past, it is also one poor report from losing another 20-25% of its mktcap... happy holder, happy to buy more around $10 as I am still very bullish on outlook.

[Joshuatree]

23% of volume of shares traded shorted on the 31st on the ASX

[Valuegrowth]

Some shorters, speculators succeeded by shorting stocks which went up rapidly over last 18 months irrespective of fundamentally sound or not. In some instance they have dropped nearly 50% from their all-time high. These types of activities create opportunities’ for value investors.

So far some stocks including ATM- a2 is holding without dropping drastically like other stocks.

The same crowd could speculate and will become long again. Short term traders bring volatility as well liquidity to the market.

[Joshuatree]

Yeah. Shorting creates volatility and s/p movement and doubt to some.
Ive held ORE (lithium) on the ASX and its been heavily shorted for ages currently no 8 on the top 100 most shorted. Ive learnt to take note of the shorting but in this case do nothing about it and keep holding through the volatility in the s/p. Ive seen things like fake /inaccurate news about lithium production globally used by the shorters to drop the s/p. Ive held through on the the strength of my conviction on ORE and am currently re 1000 % up.

On the other hand i also held Quintis QIN on ASX(sandalwood) and traded it once or twice holding for years. More recently it started getting heavily shorted when a shorting fund started publicising negative material about it. In this case the shorter was spot on and ive lost all my dough in this company because i didn't take it seriously.Many were caught out by the skullduggery of the CEO.

Certainly not the case here imo. Happy buying back into ATM recently and looking to top up in this weakness..With the caveat its a high flier and has a long way to fall if something does go wrong I am keeping a watch on the shorting, news etc ,hence more riskier then others and a small % of my portfolio.

[Valuegrowth]

My congratulations for 1000% return. Long term investment creates wealth. Well managed companies even will pass 1000% return in the long run. According to successful investors that finding quality stocks was the key to successful investing. Buying when they are out of favour is another approach practice by savvy investors.

There are two types companies. One is they can have short term volatility, sell-off and strong uptrend in the short and mid run but they will end up with becoming multibagger in the long run. Other one is they will shine now but it will fade away later once growth slowdown, bankruptcy or delisting etc.

If they short quality companies with long term potential, then there will be great opportunity. During last 10 years there had been so many shorting, volatility and correction. But stocks went up until they hit all-time high. Anyway as markets and stocks have extended finding discounted quality stocks is the way to go.

[winner69]

Down day so far on ASX ...hope that means we end up having an UP day

[couta1]

Down day so far on ASX ...hope that means we end up having an UP day A cheap buying day is just fine by me, not fussed either way.

[minimoke]

Down day so far on ASX ...hope that means we end up having an UP dayBut Synlait is up. Swings and roundabouts at the moment

[couta1]

But Synlait is up. Swings and roundabouts at the moment A2 closed at $10.25 NZ equivalent, not flash, could have another go at heading under $10. Plenty of time before the next result for the game players to create havoc. The stock has been toxic for the majority of buyers over the last few months.

[see weed]

A2 closed at $10.25 NZ equivalent, not flash, could have another go at heading under $10. Plenty of time before the next result for the game players to create havoc. The stock has been toxic for the majority of buyers over the last few months.
Last year update 16/6/17.

[bull....]

blackrock lent some shares as a derivative agreement with some funds?

[winner69]

Black rock buying and selling more often than seeweed

Quick glance at headline would say it’s great news Blackrock a SSH ..vote of confidence and all must be honky dory etc etc etc

Any hints what they are up from the pages and pages of transactions

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/ATM/318864/280440.pdf

[Beagle]

Blackrock are very heavy hitters. That they are now substantial shareholders is a very good sign in my opinion.
Blackrock have many followers.

[babymonster]

blackrock usually means a vote of confidence

[mfd]

blackrock usually means a vote of confidence

BlackRock are also big index fund providers so it's not clear to me that they're holding by choice (or certainly that all of their holdings are by choice), I see a lot of activity in the list on and leading up to the MSCI rebalance date

[babymonster]

BlackRock are also big index fund providers so it's not clear to me that they're holding by choice (or certainly that all of their holdings are by choice), I see a lot of activity in the list on and leading up to the MSCI rebalance date
maybe we will see same thing from sml and mecury?

[bull....]

BlackRock are also big index fund providers so it's not clear to me that they're holding by choice (or certainly that all of their holdings are by choice), I see a lot of activity in the list on and leading up to the MSCI rebalance date

im thinking so too

[bull....]

looks like shorts are adding again , nearly 4m added on the 31st and 1st . since april nearly 3% of issued capital has been shorted now some serious money betting on a decline in a2

[BlackPeter]

looks like shorts are adding again , nearly 4m added on the 31st and 1st . since april nearly 3% of issued capital has been shorted now some serious money betting on a decline in a2

Lets hope the shorters stop toying around and put instead a bit more effort into whatever they are doing.

My buy order is still waiting to be filled ;);

[minimoke]

We are just going to have to get used to them dicking around and all the ups / downs that go with it. Just let the increases run and put stop losses in place in case it goes pear shaped. (all good fun on a day to day basis - I don't know how traders cope with it)

[t.rexjr]

We are just going to have to get used to them dicking around and all the ups / downs that go with it. Just let the increases run and put stop losses in place in case it goes pear shaped. (all good fun on a day to day basis - I don't know how traders cope with it)

Stop losses are a big reason for their success. I only ever use a stop loss if I have no faith in the company. In which case I'm already parking in the wrong place... Happy parking here

[couta1]

Classic price manipulation occuring on the NZX this morning, let's see what our Aussie friends think about that this Arvo.

[couta1]

Last year update 16/6/17. I see no reason for that to occur this year.

[waterboy]

What is going on this morning, asx finished down yesterday equivalent of 1025 nz, now nz open and currently at 1075 which is 50c higher than asx closing price? A bounce would be nice but wary of the lower gap still.

[bull....]

Classic price manipulation occuring on the NZX this morning, let's see what our Aussie friends think about that this Arvo.

hammered , aus market rules the roost on this stock not nzx

[Joshuatree]

Now 3.5% up on the ASX. Mkt may be liking Blackrock coming onto the register.

[see weed]

Black rock buying and selling more often than seeweed

Quick glance at headline would say it’s great news Blackrock a SSH ..vote of confidence and all must be honky dory etc etc etc

Any hints what they are up from the pages and pages of transactions

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/ATM/318864/280440.pdf
Am afraid not. This bit of weed been very quite lately, drifting in and out of hospital last 6 weeks watching my partner of 25 years dying of liver cancer. She finally gave up and passed away 26/5/18. RIP my brave little A.

[777]

I am sorry to hear that see weed. My condolences to you and family members.

[Joshuatree]

Sorry to hear, condolences.

[forest]

Very sad time for you and your family, condolences from mrs Forest and me. Stay strong.

[Ggcc]

Am afraid not. This bit of weed been very quite lately, drifting in and out of hospital last 6 weeks watching my partner of 25 years dying of liver cancer. She finally gave up and passed away 26/5/18. RIP my brave little A.
My condolences to you and your family. Very difficult to see any family go through this sort of thing. I wish you all the best

[sb9]

Am afraid not. This bit of weed been very quite lately, drifting in and out of hospital last 6 weeks watching my partner of 25 years dying of liver cancer. She finally gave up and passed away 26/5/18. RIP my brave little A.

So sad to hear that, my deepest condolences to you and your family.

[Leftfield]

Am afraid not. This bit of weed been very quite lately, drifting in and out of hospital last 6 weeks watching my partner of 25 years dying of liver cancer. She finally gave up and passed away 26/5/18. RIP my brave little A.

So sorry to hear see weed. My sincere condolences. Kia Kaha.

[winner69]

Seeweed, sorry to hear of your sad news. Condolences

Take care.

[winner69]

Now 3.5% up on the ASX. Mkt may be liking Blackrock coming onto the register.

Doubt that’s the reason

They probably contributing to a lot of that current volatity with all their buys and sells and cfd’s and other derivatives.

[bull....]

sorry for your loss ... seaweed

[Dust]

Poor shorts will be covering soon

[tipsy]

A little bit of info on the US expansion.

https://www.yahoo.com/news/got-indigestion-cows-could-solve-042407881.html
MORAVIA, N.Y. (AP) — Milk got your stomach feeling sour?

[winner69]

For you scientifically minded punters out and a bit more on mycoplasma bovis

Interesting.

He a good guy that Keith

https://www.interest.co.nz/rural-news/94113/keith-woodford-explains-why-european-semen-likely-source-disease-and-how-helps


Sorry posting if not relevant to this thread

[IAK]

Condolences see weed. Kia kaha.

[silu]

My deepest condolences See weed. I share your pain and can understand what you are going through. I lost my wife to illness 2 years ago and still no day goes past where I don't think about her. I trust that you have family and friends who can be there for you when you need them. You are not alone. Kia kaha.

[JeremyALD]

Thoughts and prayers with you seeweed

[QOH]

Condolences Seaweed, be kind to yourself. Youve had a sad stressful time.

[iceman]

Very sorry to hear of your loss seeweed. My sincere condolences.

[davflaws]

Tena koe Seeweed
Te hunga mate - Haere Haere Haere.
Te hunga ora - tena koutou, tena koutou tena koutou.
Be very kind to yourself. Losing a loved one is probably not something that anyone can fully prepare for.
Noho ora mai

[see weed]

Thank you for all your kind words sharetraders and sorry to clog up the a2 site recently, but am feeling a lot stronger now than I was 2 weeks ago. a2 is all I have in my portfolio at the moment, well for this month anyway, so lets get back to business and start milking some cows:).

[longy]

So sorry to hear See weed. Please take care of yourself.

[RupertBear]

Soo sorry to hear of your loss Seeweed, incredibly sad to loose your soul mate. Take care

[GR8DAY]

Yea Ditto SEAWEED. Nice to see the human side of fellow Share Traders and a bit of "soul" amongst the capitalism.

[Blendy]

Oh see weed, so sorry to hear :( Take care of yourself, and don't feel bad about clogging up the thread - we are all here to support each other, especially at times like this! A big hug to you.

[causecelebre]

So sorry to hear that Seaweed. My mother passed late last year of Cancer so i have a little understanding of the anguish and process involved. Kia Kaha

[Jay]

Condolences see weed, all the best to you and your family

[Sideshow Bob]

See Weed - Oh, mate - so sorry to hear that, and my heartfelt condolences to you and your family. I can't imagine what it would be like to be in that situation. Hope that time is a bit of a healer, and eases the pain a little. All the best.

[RGR367]

Accept our condolences see weed. Have the strength to allow Time to heal the void you're feeling right now. As they say, we go from here to a better place. Take care.

[dumbfounded]

My condolences See Weed and take care.....

[moka]

blackrock lent some shares as a derivative agreement with some funds?

http://nzx-prod-s7fsd7f98s.s3-websit...864/280440.pdf

(http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/ATM/318864/280440.pdf)

Transaction
Date
Person whose relevant interest changed
Consideration (NZD) Nature of change /
Class and number of securities affected
Person's votes affected



31-May-18
BlackRock Institutional Trust Company,
National Association
on mkt sell
10.86
CFD
-57,790
-57,790



I don’t know much about CFDs but I am assuming that because this is a sell that the other party to this CFD is expecting/hoping that the price will go down after 31 May?

[bull....]

http://nzx-prod-s7fsd7f98s.s3-websit...864/280440.pdf

(http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/ATM/318864/280440.pdf)

Transaction
Date
Person whose relevant interest changed
Consideration (NZD) Nature of change /
Class and number of securities affected
Person's votes affected



31-May-18
BlackRock Institutional Trust Company,
National Association
on mkt sell
10.86
CFD
-57,790
-57,790



I don’t know much about CFDs but I am assuming that because this is a sell that the other party to this CFD is expecting/hoping that the price will go down after 31 May?

looks like it eh , see on tuesday there was heavy shorting again

[RalphWiggum]

Sorry about your loss See Weed. Thoughts with you and your family.

[Joshuatree]

Real Cows' Milk That's Easier on Digestion | a2 Milk® USA (https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=7&ved=0ahUKEwjjruLR5L7bAhWCwbwKHWp8B8MQFgiIATAG&url=https%3A%2F%2Fwww.a2milk.com%2F&usg=AOvVaw1LhB1ZIAO58kcasClaC3YR)

I like the "handpicked cows" bit


Looking forward to the results of this study
Could drinking a2 Milk™ help lactose intolerant people digest dairy ... (https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=9&ved=0ahUKEwjjruLR5L7bAhWCwbwKHWp8B8MQFgiiATAI&url=https%3A%2F%2Fwww.auckland.ac.nz%2Fen%2Fabout% 2Fnews-events-and-notices%2Fnews%2Fnews-2018%2F04%2Fcould-drinking-a2-milk-help-lactose-intolerant-people-digest-dairy-long-term.html&usg=AOvVaw2804vAq09mcgXzlubUFiGA)

[Dust]

http://nzx-prod-s7fsd7f98s.s3-websit...864/280440.pdf

(http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/ATM/318864/280440.pdf)

Transaction
Date
Person whose relevant interest changed
Consideration (NZD) Nature of change /
Class and number of securities affected
Person's votes affected



31-May-18
BlackRock Institutional Trust Company,
National Association
on mkt sell
10.86
CFD
-57,790
-57,790



I don’t know much about CFDs but I am assuming that because this is a sell that the other party to this CFD is expecting/hoping that the price will go down after 31 May?

CFD brokers rely on large institutional brokers to mirror the derivative positions on the other end to hedge so they take no risk and make the spread off clients.

[Joshuatree]

For those that havnt seen this on H/C from civil
"Just a bit of information from New York.......where my daughter has lived and worked for the last 10 years......they can get A2M milk from their local supermarket in Manhattan and have done so for last 6-8 months......because I've " preached " the benefits of A2M milk ; as for years I thought I was lactose intolerant but some 15-18 months ago after trying A2M discovered that I was probably intolerant to the A1 beta casein protein!!!!! I subsequently found that I could drink hot chocolate with A2M milk without the nauseous feelings and upset tummy ; this was a first time after some 30-40 years of avoiding any milk based products..........."Oh what a lovely feeling!!!! "
Thus I became a shareholder around the $2.50 mark and added up to the $7.00+ mark; because of my enthusiasm for the company my daughter and son in law also became shareholders some 3-4 months ago ( just before the jump in price to $13-14 range ) somewhere around the $9 range, bit hard for me to work as they purchased through the American exchange ( or whatever it is called ).
My daughter ( as she is an " entrepreneur " with her own business ) attended a women in business luncheon last week in New York where the guest speaker in her speech apparently amongst other companies " raved " ( my daughters words ) about the performance of this upcoming milk company from NZ/Australia......of course my daughter who had researched the company and read several of Prof Keith Woodwards articles was able to really add to the conversation at her table ( so no doubt there will be several more influential NY identities becoming shareholders )........especially where she is now a shareholder in her own right.
My daughter also commented that the speaker said this A2M company will revolutionise the milk industry, which intrigued some of the women at my daughter's table as they obviously had serious rural interests.
Word of mouth in the right circles can be a very powerful thing!!!!!!
My daughter has previously commented on how quickly the A2M milk moves from the shelves in their local supermarket, which is in Chelsea part of Manhattan.
I know this is only hearsay and a very small snapshot of NE American market but I'm sure this is repeated in a whole lot of areas and as such A2M is starting to gain a real foothold in the American marketplace with a whole lot of " little " people promoting the milk product.
As a declaration I am A LONG TERM shareholder and will not sell any of my shares ( similar to CSL ) as I believe this company is going to be the CSL of the milk industry.

Cheers to all ,
Civil"

[Leftfield]

Thanks for reposting the HC post Joshuatree.. great to see progress is being made in the USA and evidence that it is 'moving quickly off the shelves' in trendy NY. I also read somewhere in the depths of HC that ATM's share of the Chinese IF market has grown from under 4-5% to over 6% (I stress this is unsubstantiated info') but if true, is v encouraging, particularly as the Chinese IF market in total is growing at around 20% pa.

[bull....]

blackrock selling down now

https://www.nzx.com/announcements/319006

[winner69]

blackrock usually means a vote of confidence

Blackrock ceasing to be a SSH

Vote of no confidence?

[silu]

Blackrock ceasing to be a SSH

Vote of no confidence?

With being a SSH comes responsibility and they don't want it.

[Leftfield]

Blackrock ceasing to be a SSH.....Vote of no confidence?

Yeah right.... run for the hills!! :t_down:

More like a minor shuffling of papers to take them below the SSH threshold (as Silu has pointed out.)

For last disclosure,—
(a) total number held in class: 36,733,392
(b) total in class: 730,039,067
(c) total percentage held in class: 5.032%

For current holding after ceasing to have substantial holding:
(a) total number held in class: 36,481,591
(b) total in class: 730,039,067
(c) total percentage held in class: 4.997%

[allfromacell]

Perhaps an intentional move above the 5% SHH limit and now back below it. Let everyone know they're in and give the SP a boost and now come just below the threshold so they can sell whenever the want without the market knowing?

[winner69]

Yeah right.... run for the hills!! :t_down:

More like a minor shuffling of papers to take them below the SSH threshold (as Silu has pointed out.)

For last disclosure,—
(a) total number held in class: 36,733,392
(b) total in class: 730,039,067
(c) total percentage held in class: 5.032%

For current holding after ceasing to have substantial holding:
(a) total number held in class: 36,481,591
(b) total in class: 730,039,067
(c) total percentage held in class: 4.997%

OK .....but many were so excited when they became a SSH

Just saying

[couta1]

OK .....but many were so excited when they became a SSH

Just saying I wasn't, they are also involved with the game playing just like Citi/Goldman/UBS etc Lol.

[JoeGrogan]

OK .....but many were so excited when they became a SSH

Just saying

Definitely strategic, wouldn't surprise me if they mucked up in the first place by going above 5%. Now they can trade the share like they do without the market knowing their movements.

[Beagle]

I wasn't, they are also involved with the game playing just like Citi/Goldman/UBS etc Lol.

More games being played here with this stock than you'd see at a major international chess tournament !

[Sideshow Bob]

FYI Facebook followers

A2 Milk USA - 61k followers
A2 Milk UK - 49k followers
A2 Milk Singapore - 21k followers

[silu]

FYI Facebook followers

A2 Milk USA - 61k followers
A2 Milk UK - 49k followers
A2 Milk Singapore - 21k followers

One of the main reasons why I still hold a big chunk of ATM is because the US soccer mum's are slowly picking up on the benefits of A2 Milk.

[Joshuatree]

OK .....but many were so excited when they became a SSH

Just saying

Not many, if any, handsup:D. Hoping to pick up more with this volatility game from the big players

[Dust]

Very strong open on the ASX, slowly creeping back to it's ATH. Glad I bought the discount last week, 6% alpha already

[Beagle]

Interesting how this and SML seem to be pacing each other lately. Something to think about for those looking to diversify their risk a little, (take a stake in each) but perhaps not an especially effective diversification strategy lol

[couta1]

Very strong open on the ASX, slowly creeping back to it's ATH. Glad I bought the discount last week, 6% alpha already Very srtong might be a bit too enthusiastic, I thought it was up $1by the sound of that. This stock can be like a poison apple, a little bite won't hurt you but scoff the whole apple and you could end up flat on your back.

[Joshuatree]

2,196,189 or 35% of vol ,shorted on ASX tues.

[winner69]

2,196,189 or 35% of vol ,shorted on ASX tues.

Good to see everybody making zillions

[Dust]

Not sure why the high short interest given current valuations doesnt even present a compelling case for a short. The bears will be in for a shock once the squeeze back up to A$12 starts

[t.rexjr]

Not sure why the high short interest given current valuations doesnt even present a compelling case for a short. The bears will be in for a shock once the squeeze back up to A$12 starts

Unless it's big boys shorting to buy at lower prices. Which is exactly whats been happenings of late...

[bull....]

back at the top of range now , be interesting to see what happens

[minimoke]

back at the top of range now , be interesting to see what happensIt will get pumped up. And then it will get pumped down. Hopefully with ever increasing highs.

[Dust]

Won't be much of a pump back down with the short squeeze happening right now, this is going to slingshot up way beyond the ATH once the shorts start covering

[winner69]

Won't be much of a pump back down with the short squeeze happening right now, this is going to slingshot up way beyond the ATH once the shorts start covering

I take itthis ATH thingie is All Time High


Love it ----- $14.60 odd here we come

Only 28% away ....be there before next announcement maybe

[Sideshow Bob]

NZ Herald not checking today's announcements, relying on 2 day old announcements.....

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12066448

Blackrock now no longer a substantial holder, as per this mornings announcement.

[Nasi Goreng]

how do you find out number of shares shorted or %?

[Dust]

how do you find out number of shares shorted or %?

Here you go, not sure if theres a free online source for it though9720

[longy]

Here you go, not sure if theres a free online source for it though9720

Have you got the link please? The other one to look up short position on ASX is shortman.com.au

[bull....]

https://www.shortman.com.au/stock?q=a2m

shorts still climbing

[couta1]

https://www.shortman.com.au/stock?q=a2m

shorts still climbing Tuesday looked like the peak at 34.91% of total volume, can't see yesterday yet. Regardless they are either balsy or insane IMO, after all the previous incinerations many have been through to date, Greed has to be the primary motivator.

[Filthy]

https://www.shortman.com.au/stock?q=a2m

shorts still climbing

delayed data though, so a lot may have covered now (in the last 1-2 days)
& 3% is not an unusual or worrying amount - barely makes the top 100 most shorted ASX list eh ;)

[longy]

https://www.shortman.com.au/stock?q=a2m

shorts still climbing

Does any body know where to look for when shorters are covering? Shortman shows % of short sales = shorters are buying and selling? Thamks.

[Investor]

Does any body know where to look for when shorters are covering? Shortman shows % of short sales = shorters are buying and selling? Thamks.

It's just showing short sales i.e. when somebody has sold the stock short. It doesn't cover when the shorters re-buy the stock to close their position.

[bull....]

It's just showing short sales i.e. when somebody has sold the stock short. It doesn't cover when the shorters re-buy the stock to close their position.

it will show when the % of shorts declines. some aussie trading platforms show which brokers are buying and selling so you could work it out live from that data as it is transacted

[Dust]

And the squeeze continues.....saw another headline cross bloomberg praising A2 as the market leader in this emerging health fad environment.

[hogie]

Took the plunge and sold a parcel of FPH yesterday when it rose, and bought some ATM at $11.30 with my freed up capital ... hopefully not a bad decision :)

[Beagle]

Took the plunge and sold a parcel of FPH yesterday when it rose, and bought some ATM at $11.30 with my freed up capital ... hopefully not a bad decision :)

Welcome aboard the rollercoaster. I recommend picking up a good supply of anti nausea tablets at your local chemist ASAP. Motion sickness is sure to strike soon !
Probably the most volatile stock on the NZX.

[minimoke]

it will show when the % of shorts declines. some aussie trading platforms show which brokers are buying and selling so you could work it out live from that data as it is transactedSo out of interest (since I'm trying to get my head around this shorting business) what sort of margin do shelters have between their sells and buys? Is it a cent or two or do they drive bigger gaps?

[Dust]

So out of interest (since I'm trying to get my head around this shorting business) what sort of margin do shelters have between their sells and buys? Is it a cent or two or do they drive bigger gaps?

Standard retail is 1c spread, its higher when liquidity is low or if large order.

[see weed]

If you look at the depth at 4.55pm there is big orders like 20k 40ks etc to buy and the sellers are small with a couple of thousand here and there. What does that tell you? Hope that makes sense.Now it is 5.05pm and it is just about opposite. I got funny feeling this cow is getting ready for take off.;).....Here's Hoping. There appears to be a new uptrend starting to form in the last few days.

[Beagle]

If you look at the depth at 4.55pm there is big orders like 20k 40ks etc to buy and the sellers are small with a couple of thousand here and there. What does that tell you? Hope that makes sense.Now it is 5.05pm and it is just about opposite. I got funny feeling this cow is getting ready for take off.;).....Here's Hoping. There appears to be a new uptrend starting to form in the last few days.

I hope so for both our sakes mate especially yours as no doubt you could do with a little bit of something good happening. Hope you're coping okay mate.
God bless.

[minimoke]

Took the plunge and sold a parcel of FPH yesterday when it rose, and bought some ATM at $11.30 with my freed up capital ... hopefully not a bad decision :)Thanks for that. My most expensive parcel was $11.15 so I am keen to see anyone enter above that to add support to that floor. Strap yourself and prepare yourself for a crazy ride. A measure of success is a tipple of teh old Canterbury Crème after a good day - and I am loaded up again tonight.

[hardt]

Had a great week of buying into the *weakness*

Anyone looking to buy now think about where your stop loss would be... take that stop loss and place your bid there instead, this thing might have another couple of hard shakes left... IMO

[see weed]

I hope so for both our sakes mate especially yours as no doubt you could do with a little bit of something good happening. Hope you're coping okay mate.
God bless.
Thanks, getting stronger by the day. Looks like Black Rock are increasing their holding again, Wonder what they are up to;).

[winner69]

The way ATM is booming along it’ll push the NZX50 up tp 9000 .....wow

[see weed]

Buyers building up again on close.:) They not getting any of mine:t_up:. I'm waiting for a take over bid from Black Rock at $25:D.

[Leftfield]

The way ATM is booming along it’ll push the NZX50 up tp 9000 .....wow

Very happy with current support levels for ATM. Bodes well for holders after the uncertainty of the May sell-off. The SP is now chasing that upper gap as discussed here previously.

It is also in line with the 10 yr seasonality data.
9727
ATM's effect on the NZX is a side issue IMO.

[see weed]

Yeeeee Haa up 35c, is this the start of new uptrend? Time will tell.;)

[Joshuatree]

Not forgetting ASX closed today a lot more vol on their mkt, and manipulation. Hope the ASX is in sync tomorrow.

[44wishlists]

The volume is merely 786k. So will wait and see what's happening in the US markets overnight, as well as when ASX opens tomorrow.

[thestg]

http://www.radionz.co.nz/national/programmes/businessnews/audio/2018649029/business-news-for-13-june-2018

Brokers at Forsyth Barr suggest selling ATM & taking profits on the record breaking local market.

I won't be selling my ATM shares at this price.

[couta1]

http://www.radionz.co.nz/national/programmes/businessnews/audio/2018649029/business-news-for-13-june-2018

Brokers at Forsyth Barr suggest selling ATM & taking profits on the record breaking local market.

I won't be selling my ATM shares at this price. HaHa that means they have clients who want to buy them, ATM has already had a good correction unlike other stocks on the NZX eg SPK which is looking seriously overvalued now.

[minimoke]

http://www.radionz.co.nz/national/programmes/businessnews/audio/2018649029/business-news-for-13-june-2018

Brokers at Forsyth Barr suggest selling ATM & taking profits on the record breaking local market.

I won't be selling my ATM shares at this price.Umm - they did breach $14.60 not so long ago. I cant see any reason to sell at this level.

[Ggcc]

None of mine are on the market I left them in my bottom drawer

[Scooter]

Ahhh no, the last Forsyth Barr note I can see was 17 May and had no recommendation, the one in February was Outperform. No current research note, so must be an individual broker recommendation

[Leftfield]

Aussie brokers, Morgans are pumping A2M in this 12 June email to clients......

9734

[winner69]

Aussie brokers, Morgans are pumping A2M in this 12 June email to clients......

9734

Ah, the secrets out ...Couts and Beagle work for Morgan’s with a rave / ramp like that

[minimoke]

Labour Minister Shane Jones prepared to stick his nose into Fonterras business. Hopefully he isn't the new dairy expert in Government. I would hope he wold understand its a company owned by a co-op of farmers
https://www.stuff.co.nz/national/politics/104692405/shane-jones-tears-strips-off-fonterra-and-says-the-chairman-should-catch-the-next-cab-out-of-town

[bull....]

shorts continue to build

[couta1]

shorts continue to build Shorts also continue to burn.

[Nasi Goreng]

If the shorts get their way, what are we looking at here? $8.50?

[couta1]

If the shorts get their way, what are we looking at here? $8.50? Dreams are free, any piece of good news or positive update and the shorts will be sent back to the incinerator where they belong Lol.

[Muppett]

Dreams are free, any piece of good news or positive update and the shorts will be sent back to the incinerator where they belong Lol.

I hope you are right.
But have you been right on anything in the last 6 months?

[couta1]

I hope you are right.
But have you been right on anything in the last 6 months? Well my portfolio is up 22%(Excluding dividends)over that time so you be the judge.

[Dust]

Cmooon drop a few more % so I can top up for the ride to A$15...shorts are struggling to push this down the only time you want them too :/

[minimoke]

Well my portfolio is up 22%(Excluding dividends)over that time so you be the judge.Good work!. I'm enjoying a 25.4% increase (ex divs). But I havent been right all along. Currently suffering a 8.7% loss on HBL.

More importantly ATM currently on $11.40 which is above my last top up of $11.15. There is something about grabbing a tigers tail and hanging on.

[tipsy]

Cmooon drop a few more % so I can top up for the ride to A$15...shorts are struggling to push this down the only time you want them too :/

Why didn't you top up early last week in the 10's(nz)?

[Dust]

Why didn't you top up early last week in the 10's(nz)?

Had half my margin tied up in JD.us, sold them early this week for a quick 15% alpha and wanting to put it all into a2 but missed the boat I think unless we see another 5% down day

[waterboy]

The a2 Milk Company is proud to announce the launch of new premium a2 Milk™ powder blended with authentic Mānuka honey. This represents a unique and exciting innovation for the company to further expand into the thriving adult nutritional powder market.

The unique product combines pure a2 Milk powder™ – naturally containing only the A2 protein type – with high quality, in-demand Mānuka honey sourced from New Zealand to create a nutritious and delicious tasting milk drink that can be enjoyed cold or warm.

The product has been packed by Fonterra New Zealand and comes in a 400g tin. It will be available for sale from June 15 2018 in Australia, New Zealand and through cross border e-commerce channels in China.

[kiora]

The a2 Milk Company is proud to announce the launch of new premium a2 Milk™ powder blended with authentic Mānuka honey. This represents a unique and exciting innovation for the company to further expand into the thriving adult nutritional powder market.

The unique product combines pure a2 Milk powder™ – naturally containing only the A2 protein type – with high quality, in-demand Mānuka honey sourced from New Zealand to create a nutritious and delicious tasting milk drink that can be enjoyed cold or warm.

The product has been packed by Fonterra New Zealand and comes in a 400g tin. It will be available for sale from June 15 2018 in Australia, New Zealand and through cross border e-commerce channels in China.

Hmm,powdered honey?A bit OTT as can't have UMF?

[waterboy]

Hmm,powdered honey?A bit OTT as can't have UMF?

you can read more here
https://thea2milkcompany.com/newsroom/latest-news/introducing-premium-a2-milk-powder-manuka-honey/

[kiora]

you can read more here
https://thea2milkcompany.com/newsroom/latest-news/introducing-premium-a2-milk-powder-manuka-honey/

And from honey forum
"Overheating honey will denature some of the goodness - this is why honey should not be heated over 95°F (hive temperature) when being prepared for sale (pasteurised)."
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3406342/
Conclusions
We conclude from this study that floral source and H2O2 levels, while important in determining the antimicrobial properties of honey, cannot be used to reliably predict whether a given honey sample will have antibacterial or antifungal activity. In general, processing with heat and filtration reduces H2O2-based activity but this varies in different honey samples. The most active honey samples produced high levels of H2O2 both before and after heating, suggesting H2O2 stability could be a useful indicator of antimicrobial activity, but further research with a greater number of samples is required to support this observation. The potentially detrimental effects of even mild heating should be taken into account when processing and testing honey destined for medicinal use"

[minimoke]

Certified UMF10+ gotta be good for you

[dobby41]

Certified UMF10+ gotta be good for you

I wonder if that was 10+ before they destroyed it by heating and removing the water.
Really sounds like marketing bull but may be ligit.
Will certainly appeal to a lot of folk.

[mfd]

I wonder if that was 10+ before they destroyed it by heating and removing the water.
Really sounds like marketing bull but may be ligit.
Will certainly appeal to a lot of folk.

There are ways to dehydrate without using excessive heat, such as freeze drying. I'm not sure how they're dealing with the honey in this case, but maybe someone has thought it through. You're probably right though, and this is designed more for marketing rather than biological effect.

[winner69]

Certified UMF10+ gotta be good for you

Add some whiskey or rum and the world would love a2Toddy

[waterboy]

Additives to milk powder or blends of powder are often blended when the powder is cold so don't see a heat issue. I trust they will have done it properly and know what they are doing.

[bull....]

another 1.6m shares shorted 3.5% capital now, someone thinks a2 going down cause if you look at bal no shorting happening

[GR8DAY]

........what they should REALLY be adding is BLIS (oral probiotic) to make a truly unique kiwi made product. Wow what a health combination for infants and adults alike! Get in early with your kids and have their teeth, gums, throat (and more) protected and strengthened from the get go. The Asian culture would totally embrace this for their kids this Im sure. Can't believe this hasnt been taken up already to create a "world first" of A2 milk/BLIS oral probiotic combo????

[BlackPeter]

another 1.6m shares shorted 3.5% capital now, someone thinks a2 going down cause if you look at bal no shorting happening

Well, if it doesn't go down further it won't be for lack of you trying ;);

But I guess lets be constructive - how low do you think the shorter's might get it?

EMA 200 - NZ$9.68?

Filling the lower gap - NZ$9.30?

EMA 400 - NZ$7.38?

Lower?

Somewhere in between?

Personally - I would think a drop towards the EMA 200 / and / or the lower gap is still well within the realms of possibilities. Further down? Not sure, unless something terrible happens ... But hey - this is the time where the unexpected is turning normality - isn't it?

[couta1]

another 1.6m shares shorted 3.5% capital now, someone thinks a2 going down cause if you look at bal no shorting happening Someone always thinks it's going down, it's called gambling.

[minimoke]

People always hope it will go down to gain a lower entry point.

Facts is shares go down. You just want to make sure the company is sound enough that prices will also rise

[couta1]

People always hope it will go down to gain a lower entry point.

Facts is shares go down. You just want to make sure the company is sound enough that prices will also rise Bull is just trying to scare a few week hands to cough up a few shares for his purposes, I must give him top marks for his consistent downramping across the various threads Lol.

[davflaws]

Ursus rather than Bos ??

[Dust]

Most shorters are just instos hedging their longs, you'd have to be pretty stupid to speculate short this at current levels

[minimoke]

WTF is happening at close?

[see weed]

WTF is happening at close?

Somebodies trying to take out all the sellers:t_up:.

[minimoke]

1.1m traded during the day and 2.4 m crossed in close and up to $11.90 (same with SML)
edit - make that 3.2m at close

[enzed staffy]

managed just shy of 2million shares -not bad