Ginger steps, say they do 20m net profit,I work that out as .028 cents per share,putting them on a pe for the year of 65.
You must be looking a year or so ahead with your PEs?
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Yep sorry that wasn't too clear. I thinks its safe to assume that with formula supply increasing monthly, direct sales increasing heavily, and UK reaching breakeven - they will smash forecasts and fetch a NPAT in the high twenties. Hence why I think we will see a further profit upgrade in the next couple of moths. Also Interesting to hear a2 discussing the possibility for dividends in the not too distant future.
Bloomberg writes about A2 milk
http://www.bloomberg.com/news/articl...he-dairy-world
This is what Bloomberg have to say in reply ....
Hi thanks for your feedback. ATM certainly got its start in New Zealand and retains an office in Auckland but all its key management are in the Sydney headquarters now, including MD Geoff Babidge. Australia is also, by far, its main milk market. The story details how ATM was started by two Kiwis and how it is also listed on the NZX.
Pavlova, Pharlap, Crowded House, ATM...what next?
At least their spin doctors are in NZ.
2 board members in NZ
2 in Aus
1 in UK