Your're short, we get it but its getting more and more silly...:t_down:
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It's irrelevant what one or other posters positions in the market are, imho it always pays to keep an open mind and take on board all points of view without prejudice or emotion, then form an opinion and have a plan either way on Monday. This could be innocuous and just a bad look by the new CEO, or it could be serious. Have a plan A and a plan B.
Just to add to the mix Craigs downgraded ATM from a buy to hold last week. Based on potential uncertainty around upcoming regulatory changes and a more limited risk-reward profile. They maintain their sell recomendation on SML.
Aussies closed at 12.32 nzd so down from our 12. 50 , seeing that they had 2 hrs more trading .
looks like it started to fall a bit before the notice was given and fell more afterwards .
But not a blood bath given they had time still to trade after the notice , unlike us . Ride the storm?
It is the CEO's job to drive a business to sucess. And to keep Directors and major shareholders happy. She wont be doing anything that will upset these folks. Be prepared for a bargain.
Devon Funds executive chairman Paul Glass saidIt's a really interesting decision for a new CEO to dump every share she owns
Seeing Hrdlicka sell was "quite staggering" , Glass said
Investors are paying over 32 times forecast earnings for this stock so it's not one you want to see any negative surprises from," Glass saidhttps://www.nzherald.co.nz/business/...ectid=12130288
That Glass guy has been a downer on A2 for a while now ......wonder how Harbour view the sell down ....they probably think it’s just water off a ducks back and a non-event
Jeez that Jayne going to get another $5m plus one day (and then even more rights next year) .....hurdle is a non event.
Maybe A2 remuneration packages is what punters should be enraged about.
"The sale of the above mentioned OrdinaryShares has been made by Ms Hrdlicka inorder to: (i) fund the tax obligations relatingto the recent automatic exercise of timebasedrights; and (ii) fund commitmentsmade by Ms Hrdlicka prior to her taking upemployment with the Company".
What part of this announcement do (some) people not understand? All of it I would suggest. Our new CEO was on a FY17 salary package of A$8.1M with Qantas/Jetstar, and took a significant haircut to move to a2. During her tenure with Qantas she had made "commitments" based on expected income that still needed to be funded after leaving. End of story. Btw; she has stated that her family have been drinking a2 milk for years - she's a believer!
It never ceases to amaze me that some retail investors are actually influenced by the analysts - who may have their own vested interests - shorting a stock for example. I put them in the same category as the ratings agencies Standard & Poors, Moodies, and Fitch who completely failed the market with regards to the GFC.
As for Motley Fool: "concerns that it's growth could be challenged due to a maturing Chinese infant formula market"?! I believe that with the reversal of the '1 child' policy, and a growing middle class - currently the same size as the whole US population, the IF market is going to expand significantly. Another factor is that apparently many Chinese women are not big fans of breast feeding their babies. Analysts. Pffft!
Only if you planned to sell this week. Remember - unless you are a trader/ shorter, this is a long term play. Focus on next week. (unless you have some cash rattling around - in which case it could be a great time to top up.)
In a years time we will wonder what the fuss was about.
the real price action will happen on the asx , looking at the attention this stock has had on social media over the weekend overseas is huge. one point i have noted is there is a lot more negative comments now than there used to be say a year ago on these boards.