ATM - A2 Milk Corporation Limited

[sb9]

Few interesting take aways listening to the conference call

- consultancy fees should moderate over time, feoffs words for cut consultants down

- sounded very positive and frequently acknowledged work that jayne had done but almost never mentioned her by name. Also commended several of her hires including Race Strauss and Lisa from jetstar.

- their target is 100m revenue in the US which they have set as internal milestone. My best guess is this is where they believe the tipping point to profitibility lies.

Agree with all those points...

A very good conf call with more than 40min dedicated to analysts questions. Solid performance and confidence from Management esp GB. He's a legend!!!.

And below are broker upgrades that came out from various outfits as sourced from HC:

Raised 10% to A$19.20 by Citi
Raised 15% to A$18.70 by Macquarie
Raised 8.8% to A$17.74 by UBS
CLSA - upgraded from A$13.30 to A$18 with "outperfrom" rating..

No wonder the sp is holding up so well in these rather interesting times...

[black knat]

Craig's upgrade to NZ$ 20
FB upgrade to NZ$ 18.50

[allfromacell]

On the call Peter Nathan mentioned he believes the virus has created some further distrust in local Chinese brands which has helped a2 milks strong Chinese demand for the first two calendar months.

I think management are being conservative when starting the overall net effect of this virus will could be negative or positive. After listening to the call and digesting the results I believe this black swan is really a bright white swan for us.

[Leftfield]

On the call Peter Nathan mentioned he believes the virus has created some further distrust in local Chinese brands which has helped a2 milks strong Chinese demand for the first two calendar months.

I think management are being conservative when starting the overall net effect of this virus will could be negative or positive. After listening to the call and digesting the results I believe this black swan is really a bright white swan for us.

Agree. Conservative guidance has always been a hallmark of Geoff and his team. Add to that their strong balance sheet ($800 mill cash pile) and skilled management team.....better than money in the bank IMHO.

[bull....]

Coronavirus and NZ's economy: Govt faces unpleasant trade-offs

https://www.nzherald.co.nz/business/...ectid=12312846

this is from Analysis by Shamubeel Eaqub

obviously a respected economist

Exports of forestry, meat and dairy will be hardest hit. But so will be many specialised exports, like infant formula and rock lobster

fits in with my thinking and geoff has set the secene for a downgrade later this year from his commentary

[dr_]

Coronavirus and NZ's economy: Govt faces unpleasant trade-offs


https://www.nzherald.co.nz/business/...ectid=12312846

this is from Analysis by Shamubeel Eaqub

obviously a respected economist

Exports of forestry, meat and dairy will be hardest hit. But so will be many specialised exports, like infant formula and rock lobster

fits in with my thinking and geoff has set the secene for a downgrade later this year from his commentary

Only fool listen to Shamubeel Eaqub..... 8yrs ago he was advising peoples not to buy houses as house market was going to crash.... he is muppet.

[bull....]

Only fool listen to Shamubeel Eaqub..... 8yrs ago he was advising peoples not to buy houses as house market was going to crash.... he is muppet.

lol obviously everyone make up there own mind but i respect his views everyone gets calls wrong

[tomm]

I am going to sell the rest of my holding.
I am actually worrying because there is a first case of coronavirus now in NZ , In others countries, they lock down the people who come back from the infected countries the moment they arrive at the airport UNLIKE New Zealand!
The greedy worrying about the cost of housing these people while impound them and hoping for a quickly over. They let them walking around in the country and just pickup the phone if someone calls, but seem it is not and IT IS NOT.
They are also welcoming 5k Chinese students into the country and only asking them to isolate them selves while in the country for the first 14 days only.

[forest]

[QUOTE=dr_;795222]Only fool listen to [B]Shamubeel Eaqub..... 8yrs ago he was advising peoples not to buy houses as house market was going to crash.... he is muppet.




Guess what dr, he bought a house in 2017. Shamubeel not listening to himself either. Best if nobody else does too.


:https://www.stuff.co.nz/business/opi...-house-at-last

[tomm]

https://www.nzherald.co.nz/business/...ectid=12312846
Sweeping statements about the coronavirus and its consequences are pointless. We simply do not know how the pandemic will unfold. But we can assume that 2020 is off to a very bad start and rather than a quick rebound, weakness extends towards a winter of discontent.