ATM - A2 Milk Corporation Limited

**trader_jackson** · 20-11-2018, 04:27 PM

was doing so well in the first 2 hours...

Mr Market didn't start reading the AGM preso until around midday was it? Maybe thought there was no need to read it as can only be fantastic so share price must go up 5+%

**Beagle** · 20-11-2018, 04:27 PM

Originally Posted by 777

She has more shares coming and she is going to sell those too.

Once a trougher always a trougher. She has a long history of selling shares soon after they vest when at JetStar. Its the culture that she is setting for the company that worries me. I really liked Geoffery Babbage...he's gone and so am I. I think we could see some PE contraction but Bull's (Bear with a sore paw ?) outrageous comment is miles off base. I think this could continue to range trade for quite some time. Ideal traders stock. One has to consider the low base this has come off over the last few years and the fact that there's circa 13m shares still in management hands that cost them two parts of next to nothing.

**ohpark0119** · 20-11-2018, 04:28 PM

Originally Posted by allfromacell

She said she plans to sell most of the shares she will receive in her next tranche. Her excuse was tax obligations and completing the payment for an investment she made in 2016. The SP was at around $10.60 NZD when she said that so already on the way down although surely sped up a bit.

She says she will then hold her remaining shares and build a bigger stake from future performance rights.

I was actually quite impressed with her today up until this...

Didnt watch/listen the agm. Not sure if sarcasm or real...

**sb9** · 20-11-2018, 04:30 PM

Originally Posted by allfromacell

She said she plans to sell most of the shares she will receive in her next tranche. Her excuse was tax obligations and completing the payment for an investment she made in 2016. The SP was at around $10.60 NZD when she said that so already on the way down although surely sped up a bit.

She says she will then hold her remaining shares and build a bigger stake from future performance rights.

I was actually quite impressed with her today up until this...

At least she is being transparent about that. I give her that. I know its not great signal to the market, however I put blame solely on Board for structuring her package that way.

On a brighter note they're going to buy on market rather than issue new lot of shares, hence no dilution of earnings.

**peat** · 20-11-2018, 04:37 PM

Originally Posted by silu

Ha yea. English is not my first language and despite 20+ years here the intent still sometimes goes way over my head.

mate its not you, I have a degree in English and these prolific posters forget to make their actual meaning clear all the time.

SARCASM DOES NOT WORK ON THE INTERNET

**Ggcc** · 20-11-2018, 04:40 PM

Originally Posted by peat

mate its not you, I have a degree in English and these prolific posters forget to make their actual meaning clear all the time.

SARCASM DOES NOT WORK ON THE INTERNET

Not a truer sentence. I struggle with people who are sarcastic and then they actually mean what they say...... All I know is longterm this share is Stella until further notice.

**minimoke** · 20-11-2018, 04:45 PM

Originally Posted by allfromacell

She said she plans to sell most of the shares she will receive in her next tranche. Her excuse was tax obligations and completing the payment for an investment she made in 2016. The SP was at around $10.60 NZD when she said that so already on the way down although surely sped up a bit.

She says she will then hold her remaining shares and build a bigger stake from future performance rights.

I was actually quite impressed with her today up until this...

There is tension between two statements she made.
The forst was that she need to sell her next tranche of shares to fund existing obligations.

The second was that she has to me to work as a director / CEo and in the interest of adding capital value to shareholders.

Pre-existing debt obligations I understand. Now I'm no CEO but i figure there must be a number of ways of meeting that obligation. And it doesn't seem to make sense to me that you would "sacrifice" shares that a you are committed to increasing in value when you must have other resources to fund that obligation.

So what she is saying, essentially, is her ATM shares will be the cheapest way (best use of her capital) to meet the obligation.

(Disc - ATM I am swayed by their professional presentations and promises so remain a holder.)

**minimoke** · 20-11-2018, 04:49 PM

Originally Posted by peat

mate its not you, I have a degree in English and these prolific posters forget to make their actual meaning clear all the time.

SARCASM DOES NOT WORK ON THE INTERNET

The benefit of my lack of education is I got your sarcasm ( I'm still wondering how to make best use of my first free year of education)

**Ggcc** · 20-11-2018, 05:03 PM

Originally Posted by minimoke

The benefit of my lack of education is I got your sarcasm ( I'm still wondering how to make best use of my first free year of education)

Your humour is understandable. Winner I don’t know if he/she is being sarcastic, or saying stuff for the hell of it. Then posts something with loads of intelligence and is random with valuations. Sorry for using you as an example winner there are others 😊