Sales this year up 24% compared with last years 11:11 sales
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I can very much understand the Couta mentality. Specialisation reaps rewards. You can count on one hand the handful of professional sportspeople who play more than one top level code code at the same time. I can think of Jeff Wilson of rugby/cricket fame. Some would say Sonny Bill with league and boxing (although I am not sure if he qualifies as a top level boxer). But that;'s about it. Likewise in non-sporting jobs. Go and get a qualification and become really good at what you do. Likewise partnering up for life. Most males wouldn't have a harem under one roof at home. It is like this all through life. Set a goal, choose your path and go for it.
This is what makes investing so very hard because we are wired to concentrate for success. Yet with investing, this is precisely the wrong thing to do. In the world of investing you can play multiple sports at a top level, have a plethora of degree qualified careers, and have a dozen wives (or more correctly do the investing analogue of all that). Not only can you do this, you should do this. The reason why 'going big and going hard' cannot work statistically is that each investment decision is, in statistical terms, what is termed an independent trial. That means you have to multiply the result of each investment decision you make together to create one giant multiplicative equation. Even if you have a 90% success rate on your investment train you cannot avoid the 10% failure rate if you play the investment game long enough. Put simply 'stuff happens'. However successful you have been in the past, and incredibly successful high number multiplied by zero equals zero. That one in ten chance in failure will destroy your investment capital and remove you permanently from the investment game. 'Go big and go hard' is a guarantee of failure, if you play long enough, even if you are right with your investing decisions 90% of the time. Sorry Couta, you need to listen to your mates!
SNOOPY
P.S. I hope that is food for thought for anyone with more than 75% of their portfolio in A2 Milk, except if you are in your twenties in which case you will ignore this post and learn your lesson the hard way.
hi gregnz,i means how much percentage increase in 2019 compare to 2018.
I don't think they mentioned numbers.
The results of the 11/11 China e-commerce sales event, also known as Singles’ Day were very positive. We had another strong performance during this important promotional event. In JD.com, our a2 PlatinumŽ Stage 3 was the top selling infant nutrition product in cross border e-commerce, and we were the second best-selling brand overall. In Tmall, we were the number three infant nutrition brand overall (English and China label combined) across the e-commerce platform and we were the number one CBEC flagship store.
That is all I could find
An excellent post and very accurate diagnostic of the situation. I have been trying for years but unfortunately some people are completely incorrigible and incapable of reform. They simply cannot acknowledge they are profoundly addicted to trading and extreme risk taking.
Quote from Morningstar: At the company's annual general meeting, management reiterated its full-year 2021 outlook for revenue of NZD 1.8 billion to NZD 1.9 billion and EBITDA margin of about 31%, tracking our estimates. This suggests top-line growth slowing to about 5% to 10% versus 33% in fiscal 2020
5% and 10% growth compare to 28pe ??? hope next half year result they can under promise and over deliver again.
When I first joined Share Trader I was an absolute novice and I held some stinkers. I was a lost Bear Wandering around in the dark. Out of the blue Couta messaged me and shared some of his experiences with me and encouraged me not to give up. I have never forgotten him doing that and his words of wisdom were much appreciated at the time and they still are. Thanks again.
Couta has his own style of investing and it clearly works for him. So if Couta wants to go big or go home thats totally up to him and we should let him be.
Seems to me the only people nagging about this stock are those who missed big time since it was in 40c range and now trying to convince themselves that they’ve made the right choice by not investing in it :)