Talk about clutching at straws, you sound like a desperate shorter. PS-The next short incineration is coming and it will be glorious to watch as always.
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It's actually a good question - does anyone know?
I think it will have to be in the ball park of $10m last year, and increase to $25m this year?
https://www.nzherald.co.nz/business/...ectid=12284691
If an outfit like Ecostore can sell $2.83m this year, then ATM must be at least 10 times that.
Last FY they turned over $405m in China (presume excluding daigou), so would be interesting to see what effect or portion 11/11 sales were of this.
Hopefully there will be a trading update around the AGM. Last year, this included 4 month trading figures, and also commentary on 11/11 sales (last year sales tripled and A2 Platinum was ranked 2nd brand across 4 major platforms).
Share price could do with some good news.....hopefully next Tuesday.
"By category, infant formula was the most popular category from New Zealand......" https://www.stuff.co.nz/business/far...as-singles-day But duh, no figures to back it up.
Irrespective of numbers, as ATM is unlikely to release due to commercial sensitivity(?), the critical point is that ATM's A2 IF is unquestionably the clear leader when it comes to IF brand awareness in China.
That is some serious achievement and let's hope that ATM can continue to lever off that in the years ahead.
The company needs to come out strongly and unequivocally at the ASM that revenue growth is offsetting margin reduction and is increasing profits and cash flow.
I don't think she should choose her words carefully, she just needs to tell it how it is. Regardless what the share price is today she is aiming for the share price to be much higher in 5 years time. Rod Drury mentioned that those who hold XRO longterm will truly benefit and look at them now (overpriced for me, but then I can't spit sour grapes forever). If Jayne mentions something similar to what Rod mentioned, we will see ATM become a $20-25-30 dollar share, but we don't know when.