People have some reason to suspect management might be under promising here. The export data from lyttelton has shown massive increases recently so who knows. This company has a good habit of surprising the market however beating 40% on such a large base will be very tough.
Interesting. What do these data say? Do they specify the client? Is this client Synlait or is it ATM? If they just specify milk powder, than most of it is likely to be Fonterra and SML-A1 milk powder.
Whatever it is - it might be worthwhile to remember that the lions share of the high margin SML products don't take lots of space or tonnage (Interferon, which would be anyway no A2M product and A2 infant formula, which is) while the heavy weight export (A1 milkpowder) commands quite frugal margins. Not even sure they ship Interferon and A2 infant formula by sea - but I might be wrong here.
Just saying.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Interesting. What do these data say? Do they specify the client? Is this client Synlait or is it ATM? If they just specify milk powder, than most of it is likely to be Fonterra and SML-A1 milk powder.
Whatever it is - it might be worthwhile to remember that the lions share of the high margin SML products don't take lots of space or tonnage (Interferon, which would be anyway no A2M product and A2 infant formula, which is) while the heavy weight export (A1 milkpowder) commands quite frugal margins. Not even sure they ship Interferon and A2 infant formula by sea - but I might be wrong here.
Just saying.
The stats NZ reported total volume for Nov-18 is up 162% on PCP. HK & Aus up 77% & 192% respectively (taken from Coppo report). Pretty solid as it's pretty much just A2 formula leaving that port.
As far as I know almost all IF out of that port is A2's. You can compare the total exported out of that port to the total sold in MT and they align nicely.
This shows what I mean. Credit to jzhuang from HotCopper for the data.
Any know what A2 supply and manufacturing agreement is with Westland Dairy? They been putting out a **** load this season according to someone on the ground.
As far as I know almost all IF out of that port is A2's. You can compare the total exported out of that port to the total sold in MT and they align nicely.
This shows what I mean. Credit to jzhuang from HotCopper for the data.
NZ exports getting the cold shoulder now getting played up (deservedly so) and no doubt will impact on sentiment (especially from Aussies) towards export stocks in NZ exposed to China market - which almost all are!
NZ exports getting the cold shoulder now getting played up (deservedly so) and no doubt will impact on sentiment (especially from Aussies) towards export stocks in NZ exposed to China market - which almost all are!
Timely opportunity for a few more shorts to save themselves before the bonfire is lit.
Originally Posted by see weed
My overall big block av is now $7.631. And first block still 50c.
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