A huge increase also in number of SH. It has doubled in last 12 months. If 90% of them apply for the full $15k SPP we will have about $14.5k of it returned :-(
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A huge increase also in number of SH. It has doubled in last 12 months. If 90% of them apply for the full $15k SPP we will have about $14.5k of it returned :-(
Infant formula sales in 4 months to 31 Oct 2014 $ 8.7M. This year for the same period $ 38M representing 47% of Group revenue. Not bad !
Was expecting this, great news! Market loves it, rightly so. ATM are usually a little conservative in their guidance so hitting 285m is almost a given. 300m a possibility?
Want an alternative investment to ATM? Have a look at SML. IMO, currently undervalued and I'm sure they are doing very well out of
partnership with ATM and booming infant formula numbers.
I'm holding SML and consider it a long term play, I think we will see quite a bit of growth out of them over the next few years. Of course, DYOR.
Dairy plants take a long time to build (and a fair bit of capital) and I think that SML will continue to work alongside ATM - long term probably enough demand to have considerable load on two factories. I can't see ATM turning their backs on NZ farmers who have made the switch.