ATM - A2 Milk Corporation Limited

[stoploss]

Looks like a bit of arbitrage while it lasted , not sure about making money out of babies in developing countries.
https://www.marketwatch.com/story/th...am-11653331970

[nztx]

Plenty more downgrades to come I reckon. Looking at average growth forecasts for FY23 and FY24 they look far too optimistic to me.

Sounds like a lonely buck might be a future prospect then ?

Or will the Chinese step in with a takeout before then, also inspiring Fonterra into a bidding war to try to
get to milk what's left of the carcass ?

[Wai Wai]

https://twitter.com/POTUS/status/153...53441708314626
Massive formula order for BUBs BUB.ASX according to Jo Biden
Bubs market cap A$297 mil with wide open register
Cheap entry into USA for ATM with bonus of proper marketing and distribution model in China
Just saying

[aperitif]

https://www.whitehouse.gov/briefing-...f-new-zealand/

[mike2020]

What if anything would Fonterra gain? Any A2 supplier can change who they supply. I still don't see what ATM actually have that cannot be replicated. Given what Fonterra have been through in the last 10 years I just can't see a single supplier supporting an acquisition of a troubled company with a ton of litigation pending. At least you used the word carcass in context.

[Pablo]

BUB.ASX up 28% in pre trading, will ATM get in on the action ?

[Pablo]

https://cdn.fbsbx.com/v/t59.2708-21/...=6295F3B1&dl=1
News from Bubs, in case anyone else got a few of these in the bottom draw.

[JohnnyTheHorse]

Could see another one of those big trend days, with a gap up open and then grind up as short stops get hit.

[whatsup]

Up 9 % so far today!

[Maxtrade]

Could see another one of those big trend days, with a gap up open and then grind up as short stops get hit.

On the money with that call JTH. From what level do you see retracement kicking in today? Or continued rally all day pushing up to just shy of 5.60?

Depends on how ASX market trades over next hour or so