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11-10-2018, 07:00 PM
#11121
Member
the A2 sourced from all places that except NZ. it makes perfect senses.......
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11-10-2018, 07:01 PM
#11122
 Originally Posted by Baa_Baa
Should be good buying tomorrow if Wall St has another shocker. One wonders if Nestle are not trying to manipulate the price down as a prelude to a takeover attempt. That show growing behemoth could do with a fast growing extra subsidiary or two (SML).
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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11-10-2018, 07:05 PM
#11123
Originally Posted by Beagle
Should be good buying tomorrow if Wall St has another shocker. One wonders if Nestle are not trying to manipulate the price down as a prelude to a takeover attempt. That show growing behemoth could do with a fast growing extra subsidiary or two (SML).
They can have mine for the bargin basement price of $14.62 give or take a cent or two.
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11-10-2018, 07:14 PM
#11124
Originally Posted by couta1
They can have mine for the bargin basement price of $14.62 give or take a cent or two.
Yeah they can have my SML for that too mate. Aussie close was equal to ~ $9.11 Kiwi and they had more time to absorb the Nestle announcement and its impact on the milk twins here, (if any).
Volume was many times N.Z. market too. SML also closed at the same level in Aust.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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11-10-2018, 07:32 PM
#11125
Originally Posted by Baa_Baa
Thanks for posting Baa Baa.... bad news end to a tough day for holders.
That said, the move is not entirely negative as IMO it adds credibility to A2's claims and expands the total market. For example, although Nestle has launched in China, ATM's share of that market has still grown from around 4% to just over 5% - if the latest reports are true.
In addition, the pricing of the Nestle offering will be interesting and it could erode some margins.
Hold on tight - more uncertainty tomorrow.
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11-10-2018, 07:59 PM
#11126
Originally Posted by Beagle
Should be good buying tomorrow if Wall St has another shocker. One wonders if Nestle are not trying to manipulate the price down as a prelude to a takeover attempt. That show growing behemoth could do with a fast growing extra subsidiary or two (SML).
Decent rally off the lows into the ASX close. But not convincing, probably just short covering. Who knows, but wouldn't it be fascinating if Nestle were positioning for a takeover. As A2M is well past it's 61.8% fib retrace, it does bring into play a distressed SP and corresponding Cap with hurting shareholders who may be open to an exit at some price point above market. Intriguing. With DOW looking like a follow on tomorrow, Markets could be rattled and open opportunities not previously thought about. The good thing about TA is not being involved in market or specific SP routs, moreover focusing on when it's time to re-engage.
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11-10-2018, 08:56 PM
#11127
Originally Posted by Baa_Baa
Decent rally off the lows into the ASX close. But not convincing, probably just short covering. Who knows, but wouldn't it be fascinating if Nestle were positioning for a takeover. As A2M is well past it's 61.8% fib retrace, it does bring into play a distressed SP and corresponding Cap with hurting shareholders who may be open to an exit at some price point above market. Intriguing. With DOW looking like a follow on tomorrow, Markets could be rattled and open opportunities not previously thought about. The good thing about TA is not being involved in market or specific SP routs, moreover focusing on when it's time to re-engage.
Dow futures pared their losses and now indicating down just 164 points. Gotta say I prefer Synlait at these level's for its clearly articulated and well defined growth path, more differentiated product mix and far more realistic forward PE of just 17.7 (average analyst forecast for FY19 is 51.5 cps) based on today's close of $9.10. They also own the approvals under which ATM distribute product in China and have the hardware with lots more coming on stream. Maybe Nestle makes a move on both ?
I think if Synlait get one more big king hit down I might be compelled to take a long term view and put my hand up for more, after all ATM paid ~ 20% more than today's closing price for its last 8% stake acquisition in Synlait acquired at $10.90 so with SML there's even more odds of a takeover.
Last edited by Beagle; 11-10-2018 at 08:59 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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11-10-2018, 09:08 PM
#11128
Member
Just last week morning star said “accumulate” with a fair value rating of $14.60.. Gulp..
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11-10-2018, 09:12 PM
#11129
Originally Posted by carrom74
Just last week morning star said “accumulate” with a fair value rating of $14.60.. Gulp..
Was probably the biggest sell indicator of them all.
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11-10-2018, 09:14 PM
#11130
Originally Posted by Baa_Baa
NZ market is only small fry - and SML have the cheese making factory now.
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