ATM - A2 Milk Corporation Limited

[LegendOfRiot]

Was also only 2 years (June 2015) since the whole potential takeover news.

[sb9]

Well in the meantime Bellamy's woes continue to haunt them...

Look at their announcements on ASX re Capital raise, one-off payment to Fonterra, plan to buy a canning plant and not but not the least another profit downgrade (mainly due to one-off payment to Fonterra)....the list goes on!!!

[JoeGrogan]

Some nice share price action today, back in the 3.50's. The market expecting an update this week?

[couta1]

Some nice share price action today, back in the 3.50's. The market expecting an update this week?

Just a big solid day on both markets, all round, would be more the reason I'd say.

[couta1]

Just a big solid day on both markets, all round, would be more the reason I'd say.

Could be the opposite today, looking at the early match price on the ASX.

[JoeGrogan]

Could be the opposite today, looking at the early match price on the ASX.

Yeah i saw that, but supposedly it is option expiry day on the ASX which won't have a major effect on opening.

[Scooter]

Update - go you good thing
The a2 Milk Company Limited (“a2MC” or the “Company”) provided its last update on the Group’s full year FY17
outlook on 26 April 2017. As part of that update, the Company advised that, in response to continuing strong
demand for a2 Platinum® infant formula, a2MC had been working closely with its infant formula manufacturing
partner, Synlait Milk, to uplift the production schedule for the remainder of FY17.
Based on a review of its unaudited financial results to 31 May 2017, and production deliveries of a2 Platinum®
infant formula being achieved in June consistent with the revised production schedule, the Company has
determined it appropriate to further revise its full year outlook upwards. Group revenue is now forecast to be
approximately NZ$545 million for the 2017 financial year, an increase of approximately NZ$20 million on the
previous update.
As part of the commentary given at the time of release of the Company’s first half results on 15 February 2017,
a2MC advised that its investment in marketing would likely be higher in the second half by up to NZ$15 million,
based on the planned phasing of communication and development activities across the year. Due to changes in
the phasing of the marketing investment, primarily in China, marketing expenditure in the second half is now
expected to be approximately NZ$10 million higher than the first half of the 2017 financial year.

[kizame]

Update - go you good thing
The a2 Milk Company Limited (“a2MC” or the “Company”) provided its last update on the Group’s full year FY17
outlook on 26 April 2017. As part of that update, the Company advised that, in response to continuing strong
demand for a2 Platinum® infant formula, a2MC had been working closely with its infant formula manufacturing
partner, Synlait Milk, to uplift the production schedule for the remainder of FY17.
Based on a review of its unaudited financial results to 31 May 2017, and production deliveries of a2 Platinum®
infant formula being achieved in June consistent with the revised production schedule, the Company has
determined it appropriate to further revise its full year outlook upwards. Group revenue is now forecast to be
approximately NZ$545 million for the 2017 financial year, an increase of approximately NZ$20 million on the
previous update.
As part of the commentary given at the time of release of the Company’s first half results on 15 February 2017,
a2MC advised that its investment in marketing would likely be higher in the second half by up to NZ$15 million,
based on the planned phasing of communication and development activities across the year. Due to changes in
the phasing of the marketing investment, primarily in China, marketing expenditure in the second half is now
expected to be approximately NZ$10 million higher than the first half of the 2017 financial year.

Wow Then I have made 2 timely purchases,what a company!

[Leftfield]

Great news today! This company is v impressive and is a continued hold for me . I expect more good news as the year unfolds. Congrats to all.

[Oliver Mander]

Agree with the 'good news' growth sentiment...only comment to add is that while the increase in marketing investment is good for the long-term, it offsets any any margin benefit from the updated revenue guidance for this years result.

Good to see the long-term approach though! Wish more companies would think like that...

Happy holder :-)