Dow was down -1.27%
Printable View
As I've been trying to say.... I believe ATM's published/audited sales figs and NZ IF export stats (up 40%), BUT I'm cynical of the Total China IF market figs, I reckon it is currently lower than the $20 b. (I seem to recall the oft quoted $20 b figure was a future estimated fig..... possibly FY20?)
Re Danone - I can't comment, but would like to think that A2 milk is preferred due to the tendency for Asian tummy's as opposed to A1 based products such as Danone...... but there could be many other factors, price, availability, channels of distribution etc. The only thing I take from the news is that once again A2 is doing a great job in a difficult market.
Re latest price slump - I agree with allfromacell, the China share market and financial markets are struggling and the trade wars are just starting. This may have market implications for ATM in second half FY19. However, China may give priority to non USA trading partners. See this article. https://edition.cnn.com/2018/10/18/i...ion/index.html
$22m in shares sold by execs
https://www.stuff.co.nz/business/far...orth-of-shares
Jeez ...LinkedIn tells me that some dude at A2 did a search and my name came up
Just waiting for the job offer ....maybe Jaynes job
Haha my mrs gets these search notifications all the time from big NZ companies.
One thing to add to the future of ATM. Has anyone taken the 10% drop in the last 6 months for the NZ dollar into account. We could see a 10% increase in the bottom line. Maybe $300+ million profit.
https://www.reddit.com/r/australia/c...92&sh=b30a7e09
A2 Platinum still flying off the shelves in this video. Lots of commenters saying formula is sold out by pre orders at super markets in Aus before it even hits the shelves.
Sales continue to go gangbusters in China too, with a 10% increase in market share in 3 months sales must be excellent. Not long until we get the 4 month trading update at the AGM and shorts now up over 5% this is setting up nicely for a squeeze if the update surprises on the upside.
But if a down day on the ASX so far today
Maybe not a good start to the week for us
Fun in Woolworths
https://www.news.com.au/finance/busi...9c235b0fac4b1a
All these supermarkets say they will do something because the public don’t like to see it happening. It happens with Coca Cola in New Zealand, but in this case Coca Cola want it to stop. The purchasers mainly dairy owners just meet management at the back of the supermarket and buy in bulk as it is cheaper than buying via Coca Cola. Supermarkets don’t care where they get their sales from as long as they sell as much as they can and I don’t think A2 care where they sell..... Or would they get more selling it to China direct?
share price under $10;on NZX tomorrow by looks of it ...and SML will go down as well.
One wonders if the correction hasn't almost run its course, what with examples like this of ongoing rampant demand and the company itself confirming very solid sales for the first quarter. Synlait too has fallen a very long way from $13 in recent weeks. I think those who have the patience and that can withstand the current volatility will be well rewarded in time. Disc: Holding good sized position in Synlait.