I reckon that's about right too...... perhaps av of $7.50 ...certainly not north of $10.
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I think it is all the positive news of late:
- 11/3 - 582 hectares of farmland adjoining Dunsandel facility purchased. Increasing own dairy production. Importantly, potentially improving railway access for supply chain efficiencies - reducing 16,000 truck movements annually between the factory to Lyttelton Port.
- 19/3 - HY result published. Positive with FY February guidence confirmed.
- 1/4 - Dairyworks settlement complete. A NZ market leader in the Everyday dairy category; Half NZ cheese, 25% NZ butter plus milk powder and Deep South Icecream.
Looks exciting to me and I believe the reason for the market interest.
Fair enough. Just checked. The first big parcel (they bought from Frislandia in March 2017) was around $3.20 per share ... and the second (similar number of shares bought in August 2018) was around $11 per share. That's the parcel I had in mind.
So, yes - average (before buying the last lot) was somewhat above $7 per share.
Yes, it is tricky to calculate because (as I recall) they didn't always state the number of shares or av SP.
eg
March 2017 purchased 8.2% of SML at $3.20 (ish)
Aug 2018 purchased further 9.2% to take total stake to 17.4% for $162 mill. (I remember an av of $11.05 but may be wrong??)
March 2020 purchased further 2.44% to take total stake to 19.84% at $4.95
Can't help thinking an av holding price around current $7.00 levels is a useful yardstick.
It will surprise nobody that Jayne was in charge when they paid out the really big bucks. One of her first decisions after being appointed if I remember correctly. The she started hiring all her old JetStar mates. What a "legend" she turned out to be.
Here are details of all investment by A2 Milk in SML and under who is in charge of A2, no wonder GB is our great man as always...
9/03/2017 14,634,119 $ 47,926,739.73 $ 3.28 GB 13/04/2018 1,700,000 $ 15,322,950.00 $ 9.01 JH 3/08/2018 14,840,527 $ 161,761,744.30 $ 10.90 JH 23/03/2020 4,400,000 $ 21,780,000.00 $ 4.95 GB Total 35,574,646 $ 246,791,434.03 $ 6.94
Their av price of investment is tad under $7 at $6.94 which is pretty good.
Thanks sb 9 very helpful.
Well said Baa Baa.
I wonder role of Lactoferrin for Coronavirus?
https://www.synlait.com/news/synlait...ply-agreement/
https://www.researchgate.net/figure/...fig10_51614957
"Lactoferrin blocks virus invasion"
/www.foodnavigator-asia.com/Article/2020/03/17/Fight-COVID-19-with-dairy-China-industry-associations-issue-consumption-guidelines-to-build-immune-resistance#
Market update FYI. See it here.
Disc - I followed Geoff in last time and have done so again...got out last time with healthy gains... now in again and a bit over exposed to dairy but WTH!