It is only speculation at this stage.
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BoA upped their shares by a good amount. notice out NZX yesterday.
That's got to be positive ...right ?
From The Australian
UBS consequently raised its price target on the dual-listed A2 Milk from $NZ2.45 to $NZ2.75 ($A2.60) and altered its view from ‘neutral’ to ‘buy’, mirroring the outlook of Goldman Sachs and Bell Potter.
A2M also the best performing 'market darling' since Trump victory - up 21%
Big jump like this in a short time - watch for profit taking. Just look at the chart history of ATM to see how people treat this puppy!
ATM's spikes and drops are at the mercy of shorters across the ditch most of times, if you can time them well you'll make a nice trade out of them....
On the other hand if you believe in their story and in for long haul, those short term aberrations shouldn't of much worry.
ATM on fire atm , $2.56 the pending ann/results must be great imo
$2.60 and beyond soon? More than happy I topped up during the Bellamy's gloom back in post 5657. Currently 'overweight' with ATM representing over 30% of my portfolio...... Percy might call this 'well positioned.' Roll on results next week.