ATM - A2 Milk Corporation Limited

[Leftfield]

Reminds me of Doomsday preppers. Maybe they know something we don’t...

No conspiracy theory IMHO - merely sailors trying to make a buck!

No wonder A2 Infant Formula is referred to as 'white gold' as Chinese families strive to do the best for their 'little emperors.'

[sb9]

Seems while some have concerns re Chinese plans to increase their domestic milk supply, the Chinese Navy recognise a profitable product when they see it and stock up before they leave Australia.

Here's the story and pics. Great advertising for A2. LOL

Its GOLD, isn't it. Sort of advertisement that's really priceless.

Well, with ASX closed today for Queens B'day we're on our own today.

[see weed]

Here's an issue for someone to figure out. At 4.40pm had an order to buy 1500 ATM at $14.32c. 260 went through at $14.32, the rest sat there until about 4.45pm...the closing off period. At 4.46pm could see sellers building up, so thought, that's good, will get the rest of them at a cheaper price. At 4.47pm more of my order started going through at $14.32c. Then at 4.48pm most of my order went through at $14.32c. The closing price was $14.19c. Have I been ripped of by ASB securities by 13c? And now for the opposite situation.... if there were more buyers than sellers at close, and sp closed at eg $14.40c, then would ASB have given me the remaining order at $14.32c at 4.48pm with closing price of $14.40c..

[couta1]

Here's an issue for someone to figure out. At 4.40pm had an order to buy 1500 ATM at $14.32c. 260 went through at $14.32, the rest sat there until about 4.45pm...the closing off period. At 4.46pm could see sellers building up, so thought, that's good, will get the rest of them at a cheaper price. At 4.47pm more of my order started going through at $14.32c. Then at 4.48pm most of my order went through at $14.32c. The closing price was $14.19c. Have I been ripped of by ASB securities by 13c? And now for the opposite situation.... if there were more buyers than sellers at close, and sp closed at eg $14.40c, then would ASB have given me the remaining order at $14.32c at 4.48pm with closing price of $14.40c..

From 4.45pm no more of your shares should have gone through and you should have got the rest at $14.19 due to the match price process. I was involved with the stock most of the day so thought the closing price was also odd because the match price is meant to smooth out large anomalies which stood at $14.49 VWAP before the close so that's quite unusual also.PS-Check the actual transaction times of your orders as there may have been a lag between sale time and when you saw them come through. PPS- No ASB would not have given you the remaining order at $14.32, your order would remain partially traded.

[kiora]

Here's an issue for someone to figure out. At 4.40pm had an order to buy 1500 ATM at $14.32c. 260 went through at $14.32, the rest sat there until about 4.45pm...the closing off period. At 4.46pm could see sellers building up, so thought, that's good, will get the rest of them at a cheaper price. At 4.47pm more of my order started going through at $14.32c. Then at 4.48pm most of my order went through at $14.32c. The closing price was $14.19c. Have I been ripped of by ASB securities by 13c? And now for the opposite situation.... if there were more buyers than sellers at close, and sp closed at eg $14.40c, then would ASB have given me the remaining order at $14.32c at 4.48pm with closing price of $14.40c..

They just matched your order with another one of their own clients.Standard practice isn't it?

[couta1]

They just matched your order with another one of their own clients.Standard practice isn't it?

They cant do that during the match price period unless the whole order was completed before 4.45pm which it could have been.

[see weed]

They cant do that during the match price period unless the whole order was completed before 4.45pm which it could have been.

I phoned ASB securities, and about 76% of that order went through just a few seconds before 4.45pm. The remaining 350 odd went through at $4.19c on close. There was a lag time of about 2 or 3 minutes for it to show up on my ASB order status view my trades page. Suppose I can't complain, at least some went through at $14.19c. ASB has been good to me over the years.

[see weed]

They just matched your order with another one of their own clients.Standard practice isn't it?

I hope not, the FMA might find out and send them to the cleaners.

[couta1]

I hope not, the FMA might find out and send them to the cleaners.

Apart from match price times they can indeed match your order in house should they so wish.

[see weed]

Apart from match price times they can indeed match your order in house should they so wish.

Well I have learnt my lesson, and will try to be more careful around the 4.42pm to 4.50pm and match off time to 5pm.