ATM - A2 Milk Corporation Limited

[bull....]

Goldmans have been very bullish for a while

They forecast F19 growth of 33% (last I saw) ......hmmm

Think they would know with the number of times A2 guys been seen in the lift heading up to Goldmans offices.

goldmans say in this article a2 were discounting product so if that the case the 922m is fake news it was lower in reality

http://www.thebull.com.au/articles/a...lay-fears.html

[winner69]

goldmans say in this article a2 were discounting product so if that the case the 922m is fake news it was lower in reality

http://www.thebull.com.au/articles/a...lay-fears.html

The good ole year end clearance sale trick to reach targets eh ........hmmm

[MikeE]

What was the revenue guidance or estimate that were given a few months back for full year revenue?

[Ggcc]

The good ole year end clearance sale trick to reach targets eh ........hmmm

I thought that harbour asset management said they held stock back???? I thought discounting excess stock would have been old stock before re-labelling.......

[Muppett]

What was the revenue guidance or estimate that were given a few months back for full year revenue?

$900-$920m

[MikeE]

Great outcome then..

[Leftfield]

EPS will be 26/27 cents (did you forget about tax.)

So

Thanks Winner...... duly corrected ( I was expecting 25c EPS).

[bull....]

Great outcome then..

hardly the price is down

[Muppett]

hardly the price is down

It is down but on very small volume.

$922m was better than the top end of the range, so really a neutral to ok result.

Trouble is now we have to wait 4 months or so for another update before the share price moves, hopefully upwards.

[couta1]

Before the last update, I reckon the market was expecting about 950 mill for the year so 922 mill confirmation still quite light hence that big drop in the SP at the time. SP probably about right based on 922 mill, certainly no $15 in sight for quite a while yet.