ATM - A2 Milk Corporation Limited

[Valiant]

I discussed A2 last night with the lead of a fund manager re a2.


a) He visited Jayne for a 1;1 and is buying the explanation but ultimately agreed it's always hard to know for sure. She asked for cash, board said no, board offered shares.
b) He also mentioned that with his 1:1 with the chairman was pretty direct in his acknowledgement of the balls up.
c) He outliend that market data is really strong locally and the multi channel approach and relabelling have been a success.
d) He outliend that Jayne is really focussed on US and expects strong growth in this market with a possible IF announcement. (Maybe AGM?)

No dynamites here but thought Id share all the same.

Thanks for the intel Petty.

[steveb]

Am I reading right only 40k of shares changed hands today.What has happened to the liquidity?

[Balance]

Am I reading right only 40k of shares changed hands today.What has happened to the liquidity?

Don't even bother to look at the depth in NZ now - ATM is 100% driven out of ASX.

NZX is but a shunting exchange where ATM shares are bought and sent over to ASX.

Soon to be like Xero - all listed on ASX only.

[Leftfield]

Am I reading right only 40k of shares changed hands today.What has happened to the liquidity?

Why would holders want to be selling?
(besides, Balance is right, the ASX is driving NZX )

[steveb]

Why would holders want to be selling?
(besides, Balance is right, the ASX is driving NZX )

Holders wouldn't but traders would and there are quite a few traders out there

[minimoke]

Don't even bother to look at the depth in NZ now - ATM is 100% driven out of ASX.

NZX is but a shunting exchange where ATM shares are bought and sent over to ASX.

Soon to be like Xero - all listed on ASX only.

Just a snapshot. $6.3m traded so far today on NZX. $27.3mon the ASX

[Ggcc]

A positive ASX finish $10.83nz tomorrow

[Balance]

Just a snapshot. $6.3m traded so far today on NZX. $27.3mon the ASX

And 75% of NZX trades are ATM shares being shunted to and fro from ASX.

[Balance]

A positive ASX finish $10.83nz tomorrow

A$10 break out.

Shorting activity (shorts & covering shorts) still accounted for over 50% of trades yesterday!

[minimoke]

A positive ASX finish $10.83nz tomorrow

And SML finished at $.82. Might be time for creamy treats tomorrow night!