ATM - A2 Milk Corporation Limited

[winner69]

Mini - from that bit you quoted from NZIM — Governance also ensures that the business has a future-facing strategic plan.

Betcha Boards don’t generally develop that strategic plan — they should provide insights etc in its development — as it says their governance role is to ensure a strategic plan exists (review, challenging and signing it off)

[minimoke]

Mini - from that bit you quoted from NZIM — Governance also ensures that the business has a future-facing strategic plan.

Thats becasue the Board should be deve;loping it and then making sure it is being implemented. Thats what Board reports do - the operational reporting against strategy and compliance etc

Betcha Boards don’t generally develop that strategic plan — they should provide insights etc in its development —

You might be right - but doesnt make it right. Company employees from CEO down are operational management with authorities originally delegated by teh Board.

as it says their governance role is to ensure a strategic plan exists (review, challenging and signing it off)

Thats what a Board gets paid for - using their skill and experience to develop a plan. A different set of skills for an operations CEO / Management. Of course the CEO will be one source of advice to the Board. Look at the money Boards receive as Rem - they dont get that for just sitting in a meeting for a few hours once every few months if they can be bothered turning up. Remember - they are the Owners / Shareholders representatives - they are there to figure out the long term strategy. If the Owners dont like the strategy being developed or the Boards governance / oversight in getting the strategy done the Board is at risk of loosing the trough.

[Sideshow Bob]

Mr Woodford's latest article re A2

https://issuu.com/farmersweeklynz/do...68707/65384671

Page 26

[Valuegrowth]

https://nz.finance.yahoo.com/news/ki...000708190.html

[minimoke]

Be still my beating heart. ATM above $10.00

[allfromacell]

Be still my beating heart. ATM above $10.00

The 40 odd million shorts probably looking to start covering. Just 15 trading days until the AGM, wouldn't wanna be short heading into that.

[Balance]

Be still my beating heart. ATM above $10.00

Seen the amount of ATM shorted? Over 5% of the issued capital.

Going to have to be some aggressive short covering if markets turn even slightly positive!

The last time >5% of ATM shorted was in Feb 2017 and the shorters were burnt something horrible as ATM as the sp doubled and doubled again before they covered their shorts!

[minimoke]

Going to have to be some aggressive short covering if markets turn even slightly positive!

SML starting to move up as well.

[Balance]

The 40 odd million shorts probably looking to start covering. Just 15 trading days until the AGM, wouldn't wanna be short heading into that.

Holders are not prepared to sell down from current levels, it seems so the shorters are going to have to pay up to cover before AGM.

Share buyback announcement to encourage some action?

[whatsup]

Holders are not prepared to sell down from current levels, it seems so the shorters are going to have to pay up to cover before AGM.

Share buyback announcement to encourage some action?

GOODIE Xs two !!