ATM - A2 Milk Corporation Limited

[whatsup]

Todays the day , should be interesting, GLTA.

[blobbles]

Headline revenue figure of $256m.

On no growth for the year we are looking at $512m revenue. Right where I was hoping! Will be looking at ~530-540m full year result and 80m in NPAT profit.

Looks to be way above guidance. Expect some good buying and a lift today!

[couta1]

Fantastic all round result from a great company. I particularly like the conservative inventory management(Not falling into the BAL trap)

[Bjauck]

Fantastic all round result from a great company. I particularly like the conservative inventory management(Not falling into the BAL trap)

A good amount of generated cash too. Results seem to be at top end of expectations.

[Joshuatree]

5.37c EPS; how does that compare with previously.?

[Joshuatree]

4.43c EPS FY 16.

[blobbles]

Cash on hand of $108m. $108m!!!

And growing...

They have to be paying a dividend this year, can't see how they can maintain such a large amount of $$ in the bank without giving back to shareholders.

10c divi this year?

[Leftfield]

There was mention of a potential div payment? at end of financial year at the 22/11/16 AGM by Chairman David Hearn that..... provided that these positive trends continue, and also provided that there is no need for substantial additional capital expenditure, the Board currently expects to adopt a dividend policy following completion of this financial year...

"Board expects to adopt a div policy following the completion of FY17."

Love the early USA expansion plans..... indeed what is there not to like in these results?? Congrats to all holders.

Overview – financial results for the half-year ended 31 December 2016 (NZ$m)

•  -Total revenue of $256.1 million – an increase of 84% over the prior corresponding period (pcp)
  
•  -Operating EBITDA1 of $64.1 million – 243% ahead of the pcp
  
•  -Net profit after tax of $39.4 million – 290% ahead of the pcp
  
•  -Continuing strong growth in sales and market share for a2 Platinum® infant formula in Australia and China
  
•  -Sales growth for fresh milk and whole milk powder in Australia
  
•  -Broader distribution and growing sales of fresh milk in the United States
  
• - Increased sales and positive operating earnings in the United Kingdom
  
•  -Operating cash flow of $38.1 million – $48.1 million more than in the pcp
  
•  -Conservative management of infant formula inventory
  The a2 Milk Company (“a2MC” or the “Company”) delivered a further step upward in performance in the first halfof the 2017 financial year, with operating earnings and net profit at higher levels than those for the full 2016financial year.
  

[blobbles]

4.43c EPS FY 16.

One is HY, one is FY right? May want to factor that into your equation...

[blobbles]

Also they are being sold in Trader Joes AND Target in the US. Two huge stores... great wins. Should drive a lot of sales this/next year if its backed up by a solid marketing campaign. Throwing 35m at it should hopefully have a good positive effect!