I wonder how much A2 the product contains,? may not be 100%, 99.99% is not good enough. PS-Citi are milking this all the way to the bank, despicable operators.
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I wonder how much A2 the product contains,? may not be 100%, 99.99% is not good enough. PS-Citi are milking this all the way to the bank, despicable operators.
Unfortunately Mr Teeger from Citi failed to mention anything about melamine in his latest article, mind you he has a notorious record for being wrong on this stock so he wouldn't want to undermine his companies latest short attack, the fact that punters believe these clowns is a worry though.
NZX has announced a late open of 12:45pm - due to "issues experienced earlier today with the trading system".
I tried to copy and paste it, but failed...
$11.54 on ASX.
Yikes.
I reckon the P/E ratio not looking to bad now, based on a forward EPS of 47 cents that gives us a PE of 24, using australian price of 11.43. Hope i'm not mixing up my currencies but doesnt seem high for growing company.
Companies could stop some of these shorting games by reporting more often, it is a long time between real financial data.
$11.40 and still falling.
I am not as sure and confident as you are that it's only because of Citi's recommendation and shorting activity. ATM is a very liquid stock and is well researched, so one would expect other brokers and investors to take the opportunity to load up on shares if it's just Citi.
https://au.finance.yahoo.com/news/wh...024934255.html
"Another negative is the increasing competition it is facing in China. Hot on the heels of Mead Johnson entering the a2-only infant formula market last month, a local producer has just done the same.
Chinese baby formula and yogurt maker Shijiazhuang Junlebao Dairy has launched its a2-protein only formula. This is the first time that a major domestic producer has entered this market."
So competition wise, we now have Nestle, Junlebao (local-government owned) and Mead Johnson.
So Mead Johnson is the other multi-national which has entered the A2 milk market in China.
meaning that Chinese dairy farms have POSSIBLY built a reliable A2-protein milk pool that COULD spur even more competition. "This COULD SUGGEST that other domestic brands are close to launching A2-protein formulas, should they all use the same local milk source," Citi says.
Wasnt it Citi and UBS that put a target price of 17.50 not long ago. They boost the price and drag it down to line their own pockets