ATM - A2 Milk Corporation Limited

[BlackPeter]

Correct, but just to clarify: The 4.43 cents have been the earnings for the full 2016 year. The 5.73 cents have been the earnings for the first 6 months of the 2017 year.

Quite pleasing result.

[couta1]

Correct, but just to clarify: The 4.43 cents have been the earnings for the full 2016 year. The 5.73 cents have been the earnings for the first 6 months of the 2017 year.

Quite pleasing result.

Coming from you, that's high praise. As an aside, I reckon they might need to revise that $2.75NZ target price up some.

[Leftfield]

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

And growing...

A great war chest to win their legal case with!!

[Joshuatree]

Congrats holders.I will have a double shot latte today in empathy and for a caffeine sorry for selfpick me up.
And you too KW

[silu]

Wow! ATM just became my best performer in my portfolio. +400%

[BlackPeter]

Coming from you, that's high praise. As an aside, I reckon they might need to revise that $2.75NZ target price up some.

Praise where praise is due ...
You might have a point re revising the target price (even if 4-traders increased the consensus just only to NZ$2.64).

Sometimes analysts are a bit slow when following the market.

[sb9]

A great war chest to win their legal case with!!

I may add they may not need that war chest to fight that battle, as am expecting an outside court settlement before that and a hefty payment for the damage. Or else damages could be substantial for Lion if they take it all the way to court in Nov.

Anyway, back to results which as per fellow posters are stupendous!!!

$108m of cash on hand as at end Dec 2016, that alone is massive in my opinion.

Although they've flagged lower IF sales in 2nd half of this year compared to 1st half but higher than 2nd half of 2016, my guess is they're being conservative with their estimates and err on being cautious. And if we know them well enough, they always "UNDERPROMISE and OVERDELIVER".

We could be looking at a maiden divvy of at least 5c at end of FY reporting in August or even 10c if cash reserves keep building up the way they are....

[Sideshow Bob]

Sitting in chch koru, looking at the screen to see what happens once the price updates on the screen at 10.20am......

[777]

Sitting in chch koru, looking at the screen to see what happens once the price updates on the screen at 10.20am......

Traded to a high of 285 and a low of 270 after opening at 274.

[Bilbo]

A couple of points from the half year presentation - pg 18 "conclusion and outlook" section.
https://www.nzx.com/files/attachments/252930.pdf

"Anticipating infant formula sales in 2H17 to be lower relative to 1H17 (but materially higher than 2H16)"
"Assuming current trends in earnings and cash flow continue and in the absence of significant capitaldemands, the Board expects to adopt a dividend policy following completion of the financial year"

Would be nice to have more detailed guidance on 2H.