Maybe the straw that opens the camels floodgates? Hmmm, mixed metaphors?
Director buying in, nothing wrong with that!
Sell side on both indexes look tiny compared to buy sides. The squeeze is good for the SP!
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It would seem the punters have eyes for no-one else but ATM on the NZX these last few days.
Wot a shame :)
What a day. Up another 10% so far on large volume and not over yet. We sure are having a great ride and one wonders when she will take a breather. Should be getting most of our $15k SPP money back on Thursday :-(
From thebull.com.au (Its free)todayBUY RECOMMENDATIONS
The a2 Milk Company (A2M)
http://www.thebull.com.au//get_foto....=8033&size=600
Chart: Share price over the year
The company recently upgraded profit, revising EBITDA from $NZ12 million to $NZ22 million. A strong contributor to this performance was infant formula sales, where demand from China is exceptionally strong. Infant formula now accounts for 47 per cent of group revenue, enabling direct comparisons with Bellamy’s Australia, but with A2M offering considerable relative value to Bellamy’s.
That was some rally today, still the 75 ml share block buyers to be revealed, once that's known there might be another rocket under sp (depending on who that is).
Hoping for decent allocation under SPP, happy with anything though as there's a 50c gain straightaway and no brokerage. Tell you what those instos who got in SPP would be singing happy tunes right now, lucky them.
Across the ditch they are portraying this to be next Bellamys or even bigger!!!
Wow youre right sb9.Ive just really noticed the days end price $1.09,11.22% rise today on big vol, re 15.5 mill shares thru, high of $1.12!!. More to come? Hope Mac is a happy holder.
I have got a question that some may able to put some light on this topic. It may not be related at all. There were two announcements today were about two investors reducing there holdings in ATM but yet SP shot right up again.... Are these the reasons that the SP went up or is there something else? Thanks you.
Whats going on here? A silent takeover. I am lost for words.