ATM SH info was published in their FY20 Annual Report (pages 105 & 106)
Shorting info via Shortman see here. (note recent short interest beginning to decline)
Quite chuffed to see my holding puts me amongst the top 1800 shareholders :t_up:
Printable View
ATM SH info was published in their FY20 Annual Report (pages 105 & 106)
Shorting info via Shortman see here. (note recent short interest beginning to decline)
Quite chuffed to see my holding puts me amongst the top 1800 shareholders :t_up:
With the failure of the US stimulus talks there may well be more buying opportunities this week.
For a long term view of ATM, I recently discovered this May 2020 blog "A2 the 2200% monster next door". Enjoy.
Is that you couta1, 170,000 at $16.25c :)......3 minutes later they gone.:confused:
It disappeared as quickly as it was added. I do often wonder why someone would place a large order at pre open or pre close and push the price well beyond the range that it’s been trading at. Better just to soak up what the weak hands dump during the day and pay less. I think that 170,000 @ $16.25 pushed the pre open price to over $16.
Also worth watching, this YouTube video about A2 milk, it’s basically similar info to that monster next door article in video form:
https://youtu.be/Guyfo_snyOw
One bit that jumped out of that blog that I've been thinking about lately is this
"What really set a2 Milk apart is that it isn’t really a food producer at all: A2 Milk is a marketing business. All of a2 Milk’s products are produced by external suppliers that the company holds a close relationship with"
Their low capital model has done them proud but how does the model fundamentally change as they look towards production themselves?
I see UBS are a new substantial holder of A2 on the ASX
https://www.asx.com.au/asxpdf/202010...2z6trj7px5.pdf
Quick answer is that their low capital model changes a little.... but not fundamentally. They will retain the bulk of their cash.
In addition, in these low interest times, there may be better opportunities in ATM having some of their cash earning them increased margins and production flexibility/security versus nil interest in a bank. Also the Mataura plant has strong Chinese ownership connections that may strengthen ATM's leverage in that market.
Lastly it is not a done deal yet. ATM are quite rightly taking their time (from memory they have almost 12 months to finalise the deal,) and the final details may yet see the actual running/management of the plant 'contracted out' (say) to SML.