Well, by now we all have fair idea who the interested parties (at least 1 for sure). It closed at 61c on ASX, guessing it might open around 70c on NZX tmrw. Let's wait and watch, exciting times ahead!!!
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Well, by now we all have fair idea who the interested parties (at least 1 for sure). It closed at 61c on ASX, guessing it might open around 70c on NZX tmrw. Let's wait and watch, exciting times ahead!!!
Who's Arrovest...they bought in june.
Arrovest is the dairying business vehicle of the Perich family which owns 60% of Freedom Foods. It has recently expressed publicly its pride in the fact that it supplies a lot of the A2 milk from NSW now going into China. It is therefore in a position to drive Freedom's actions.
Drcjp, I'm not sure what you mean by "wise up to Wiseman", but I would imagine that a2MC has a pretty good handle on Muller Wiseman and is protecting its IP very well in that regard, since Muller Wiseman now procure, process and distribute A2 Milk in the UK under contract for a2MC. Also, Billy Keane, who was MD of Robert Wiseman Dairies prior to the Muller takeover of Wisemans and also chairman of Dairy UK was appointed in late 2013 as a director on a2MC's UK board, and as far as I know still has that seat, and is personally a keen advocate of A2 milk. I would doubt if Muller Wiseman has any ambitions regarding a2MC apart from earning good money under the contract.
This week is going to be interesting wrt the SP. I recall MAM buying a whole pile at 0.77 (approx. 10M) around about this time last year so I would be looking for them to try and make that back + enough to help with "other matters".
NT001: yep, your quite right but that's not what I meant sorry. I was speculating that it would not surprise me if MW wanted to take over A2M for themselves, based on positive news via England/Aussie/USA/China, the current doldrums in the dairy market for common cow A1 liquid and their experience as you say.
If the total share purchase of A2M goes ahead what will that mean for ATM?
It is early to say but according to the letter... in short... Yes.
From hotcopper.com.au
"a2 shares rose almost 20 per cent to 61c on news of the approach. Freedom shares closed almost 7 per cent higher at $2.99. “a2 has created unique dairy products with perceived health benefits that open up cow’s dairy to a raft of new potential customers,” UBS said. “We value the company at NZ$1.02 (90.4c) per share with upside to NZ$1.62 per share should we factor a full North America rollout and success in the Chinese milk market.” At the top end of the range this could see a2 valued at $950m.
reference http://www.theaustralian.com.au/bus...-bid-for-a2-milk/story-fn91v9q3-1227410131226
"
By the way the article above is Paid Content, if someone has access pls do summarise.
Not that much new stuff. Did go on about dj.com and freedom a bit and the way it was written it assumed new hope was the other party
Those UBS valuations about what MAC was touting so must be right
My guess if offer comes it will be 95 cents to 110.
What what the heck do I know
what some people paid that much last year.
Looks like 75c is round the corner...