Finishes on an $11.08 NZ equivalent on a tough day, I love this stock it's been so good to me.
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Finishes on an $11.08 NZ equivalent on a tough day, I love this stock it's been so good to me.
It definitely looks like the current phase up (I will call it wave 4) looks corrective and hence there is likely to be more impulsive down movements.
Attachment 10202
If waves 1,2,&3 as per my count shown were actually a,b,& c then our current phase would be a wave 1 again - but it really doesnt look like that to me
(Disclaimer - not short, not long ATM - long SML - so I have no interest in it going down and would prefer it didnt given the correlation with SML
Jeez ...Vanguard up to 7%
Bought 14 million shares the other day
Seems an awful lot to buy in one go just for passive tracking of indices. Mind you they bought heaps of FPH and CNU as well ...but no TRA
http://nzx-prod-s7fsd7f98s.s3-websit...636/292716.pdf
Vanguard sees value and purchased 13.9 mill shares at $10.89 and makes me happy! :t_up:
With all the doom and gloom in the markets it is nice to see the Coppo report still favouring ATM/A2M, mentioning November statistics that milk formula exports ex Lyttelton are up 162% on the prior period.
This pic says it all....
.Attachment 10213
A2 has been quite defensive of late, unlike some others I don't consider it that risky a stock to have an XXOS sized holding in.
https://www.nzherald.co.nz/business/...ectid=12180909
News like these does not help the sp anyways... Macro sensitive stocks like ATM which has a bearing on geo-political shake ups will bear the brunt...
Interesting and troubling times...
True - but than, billions of Chinese babys have been raised over the centuries without this special tinned A2 formula from New Zealand. Maybe, if they really must, they manage to do that again?
I believe that it is crucial for A2 (as well as SML) to keep the trading relationship with China intact. They probably would survive with this market breaking away, but their books would look ugly for years to come.
But than ... who knows - maybe the big orange haired baby in the white house needs lots of infant formula?