Can look at it both ways - glass half full, or glass half empty (of A2 milk)
Needless to say, time to ratchet up supply, IF production, China listings etc - not a tap you can just turn on
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Pretty solid result. broadly in line in with their earlier trading update.
Nice to see NPAT came ahead of expectations.
Expecting sideways movement in the short term until singles day (11/11) and ASM, unless Synlait results next months show something else.
PE at the opening price of $11.13 = 41.62 (based on using after tax profit)
Gives us time to digest 2018 results. Rest a moment and then look forward to first half guidance. Time to roll out the Cheddar Cheese advert.
(I like the $340m war chest. Handy to have on hand to help see off competitors or buy a new opportunity or grow yoru markets. Quite content to sit and wait - and in the meantime strapped in tight for the roller coaster.)
Milking it: Is A2 milk worth the extra cost?
https://www.stuff.co.nz/life-style/f...the-extra-cost
You could say the same about the share price.