Wouldn't she need to travel to join the odd board meeting in Hawaii? But I guess this is the stuff for next years resignation ...
The talent pool for good directors appears to be pretty empty ...
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ATM hits an all time high of 21.41 today.
Again very strong resistant at AUD $1950.
Top fund manager says A2 Milk could double or triple its market share
One leading fund manager that appears to agree is Ophir Asset Management.
Its Director and Portfolio Manager, Andrew Mitchell, recently told Livewire Markets that he believes a2 Milk Company has a “huge runway” and could double or even triple its Chinese market share in the future.
According to the Livewire podcast, the fund manager notes that the premium end of the Chinese infant formula market continues to grow even during the pandemic. This is because Chinese families are not cutting back on infant formula in difficult times.
This is a big positive for a2 Milk Company and offers “downside protection” during periods of time like those we are experiencing at present.
Yawn........
Not necessarily, consensus NPAT is around $390ml for FY, if they beat that and come in around $400ml + and then sp will rally hard. Additionally, US growth, capital management/strategy plans and announcement of new CEO. If its going to be Peter Nathan as widely rumoured, market will love it and apply higher multiples.
And evidence that FY results are gonna be outstanding is the low number of shorts for over past few months.
Excuse my ignorance here - latest announcement from ATM relates to https://www.nzx.com/announcements/357627
Is this a a sign of anything underlying? making ready for new CEO? or am I way off?