ATM - A2 Milk Corporation Limited

[martinchnz1]

I took this as a strong buy signal. But each to their own. Reading the investor briefing they reaffirmed the guidance, and looking for a CEO capable of the intense workload expected over the next 3-5 year phase. Much better than Jayne burning out even if you get a slower and longer time to digest her ousting (I mean... Quitting).

[RTM]

Last bus ...$14.15 ...buy buy buyyy..........

The Cash flow is still there, the strategy is still there, the amazing A2 products is still there...even a better CEO is up. The Sp is temporarily down, opportunities.....
I like it. hahahahah.

Yes Tomm, the amazing A2 products are still there. And if there is a valid health benefit, more and more companies will get into making A2 products. Already seeing this. So while the shenanigans with Jayne and shorters and insiders selling are interesting...ultimately it will come down to the product. And for me... A2 will be a "me to" type of deal. Yep, might well command somewhat of a premium. But maybe not as much or for as long as one would like. Take care holders / buyers.

[Beagle]

Lets be honest people took a dislike to Jayne when she suddenly sold her shares. Then bringing her friends over from Jetstar. My guess is after hiring her they realised it was a poor fit & have been manouvering behind the scenes to get her out & Jayne would have been holding out for a Kings ransome. A2 appointment likely to be the peak of her career, so need to get the money in the bank. In saying that, her latest photos clearly show the role is taking a toll on her health and the statement says
"whilst also managing the health and wellness priorities of my family and me."

This is an amazing company and this high profile "shock exit" will have premium candidates lining up, if they haven't been doing so in the background. In the meantime ...business as usual in Geoffs' safe pair of hands ... guaranteed this will be no 'surprise' announcement to those in the know .... and the wording may seem rough ..... bet there was more they would like to say.

the boil has been lanced .... onwards and upwards from here ..... opportunity to top up.

Good post. She has a long history of selling her shares as they vest, (did that repeatedly with her Qantas shares).
Hard to come to any other conclusion than she is a very selfish person. As soon as she gets on board she brings over her girlfriends from JetStar, not because they're the best for ATM but because Jayne wants her friends there to featherbed her role and make it as easy as possible so she can have as much fun as possible with her friends.
All she has done is add vast amounts of overhead and cost to the company and started spending (and I quote from one of my previous posts about her), like whole ship load of drunken sailors on shore leave.

She had added nothing to the company and the board need to accept their share of blame in this appalling fiasco. Whatever did being the CEO of a cut price substandard airline with Jethole ever have to do with building a premium brand of milk products anyway ? What skills did she bring to the job ?
What a complete fiasco.

Great to see Geoffrey Babbage back in the job. I have revised my fair value estimate up from $13 to $14 as I see higher eps growth in the years ahead given marketing is likely to far less of a scattergun approach. I hope Geoffrey Babbage gets rid of the other dead wood she brought over from Jethole.

Goodbye Jayne and thanks for nothing.

I've consistently said that while she is there I am not really interested in being a shareholder and its cost me absolutely nothing to be out and I've made more money from other investments in the last 18 months. Now she's gone I'm interested in being a shareholder again. It is crystal clear that I am not the only one unimpressed by her "leadership" and the Board finally had the gonads to do something about it.

[bull....]

Good post. She has a long history of selling her shares as they vest, (did that repeatedly with her Qantas shares).
Hard to come to any other conclusion than she is a very selfish person. As soon as she gets on board she brings over her girlfriends from JetStar, not because they're the best for ATM but because Jayne wants her friends there to featherbed her role and make it as easy as possible so she can have as much fun as possible with her friends.
All she has done is add vast amounts of overhead and cost to the company and started spending (and I quote from one of my previous posts about her), like whole ship load of drunken sailors on shore leave.

She had added nothing to the company and the board need to accept their share of blame in this appalling fiasco. Whatever did being the CEO of a cut price substandard airline with Jethole ever have to do with building a premium brand of milk products anyway ? What skills did she bring to the job ?
What a complete fiasco.

Great to see Geoffrey Babbage back in the job. I have revised my fair value estimate up from $13 to $14 as I see higher eps growth in the years ahead given marketing is likely to far less of a scattergun approach.

Goodbye Jayne and thanks for nothing.

I've consistently said that while she is there I am not really interested in being a shareholder and its cost me absolutely nothing to be out and I've made more money from other investments in the last 18 months. Now she's gone I'm interested in being a shareholder again. It was clear that I was not the only one unimpressed by her "leadership" and the Board finally had the gonads to do something about it.

totally disagree jane was good , more interested in growing the company than growing the share price is good in my books. as long term you get the share price growth 10 fold

the market agrees otherwise the price would be higher , also the possibility she will dump all her shares soon may put a lid on the price as well as the fact it will take a while to see who the new ceo is. geoff is not a jane otherwise geoff would have kept running the company.

[tomm]

You buying more, tomm?

Wait for ASX to open - then the real action starts.

Key will be the shorters today imo - do they short more or use the opportunity to cover.

Evidence so far is that they are happy keep shorting.

No, they don't ,shorters covers the Sp will bulls because Ebitda is up and as expected which create strong trend opportunities for Instos and experimence Traders, Shorters are already up and try to press the Sp down from the last AGM, without shorters the Sp should have been 16-17 by now. I expect the Sp will bounce back to 14.30 once ASX open and hanging on from there.

[couta1]

totally disagree jane was good , more interested in growing the company than growing the share price is good in my books. as long term you get the share price growth 10 fold

the market agrees otherwise the price would be higher

Come on bull you know better than most that the market is Schizophrenic in nature and action. PS-Im actually feeling really excited about the company again with this latest development.

[bull....]

Come on bull you know better than most that the market is Schizophrenic in nature and action. PS-Im actually feeling really excited about the company again with this latest development.

depends who they hire .. geoff is no jane

[Balance]

No, they don't ,shorters covers the Sp will bulls because Ebitda is up and as expected which create strong trend opportunities for Instos and experimence Traders, I expect the Sp will bounce back to 14.30 once ASX open and hanging on from there.

Tomm, 2 things :

1. Always put your money where your mouth is - that’s how you build credibility.

2. Have you seen the shorting data? You must not or we are reading the same data differently.

[couta1]

depends who they hire .. geoff is no jane

Dead right there ,Geoff made the company whilst Jayne did diddly squat.

[allfromacell]

The Board considers it is appropriate for the Company to target an EBITDA margin of at least 30% in the medium term. We consider this can be achieved without detriment to the opportunity to capture our desired long term market position in China and USA.
It’s now my pleasure to hand over to Geoff Babidge

https://www.nzx.com/announcements/345657