ATM - A2 Milk Corporation Limited

[Beagle]

$400mln for 4m would be looked upon very favourably by the market. What gets more exciting would be any capital management initiative especially if its share buy back.

Some very cheap Synlait shares on market. They paid $10.90 per share for the last tranche.

[sb9]

I'm with you on this range (say $380 to $390m.) Would be great to see figures above $400m.

My pick is between $385m and $392m.

[winner69]

Hey Winner..

For a forward pe consensus of 28.57 at the current sp, do you think $400M profit is low? if in that case would it affect the share price?... its already jittery of late...love your thoughts

Problem with your $400m profit is that it would need revenues to be $1.9 billion and even bulls like Steve and allfrom are not expecting that.

Say $1.4 billion revenues (+51%) and you’d expect profit of $300m

So today on a forward PE of about 25 today ....seems pretty reasonable

[Sideshow Bob]

Some very cheap Synlait shares on market. They paid $10.90 per share for the last tranche.

Think from memory they are about 17% and if they went over 20% wouldn't that trigger a takeover? Or probably could apply for dispensation?

However, the last comment of their announcement on 3rd of August when they bought their last tranche said: "

a2MC has no plans to further increase its shareholding in Synlait."

This was signed by Jayne - didn't say anything about selling shares...…..

[sb9]

Interesting day so far, volume on NZX is higher than ASX. Not sure what to make of it...

[carrom74]

Wow... look at the amount of shorting yesterday... I suppose the shorters are more confident and looking at a flat ending today... its going to be nervous three days for all holders...the shorting percentage was a staggering 112.86%

https://www.shortman.com.au/stock?q=a2m

[winner69]

Wow... look at the amount of shorting yesterday... I suppose the shorters are more confident and looking at a flat ending today... its going to be nervous three days for all holders...the shorting percentage was a staggering 112.86%

https://www.shortman.com.au/stock?q=a2m

Truly staggering stuff eh

[peat]

Wow... look at the amount of shorting yesterday... I suppose the shorters are more confident and looking at a flat ending today... its going to be nervous three days for all holders...the shorting percentage was a staggering 112.86%

https://www.shortman.com.au/stock?q=a2m

very interesting
it looks as though at about a 7% level of aggregate shorts the brakes come off the upward movement of the price. currently at about 6%. hmmm

[allfromacell]

The daily short percentage data is total shorting activity which includes covering. Best to keep an eye on the chart for actual shorted shares which is delayed by 4 days.

My hunch is a lot of the closing volume yesterday was covering but who knows..

[see weed]

I see UBS just paid about $370m for about 5% of a2m last week. Look forward to AGM and results tomorrow.