ATM - A2 Milk Corporation Limited

[minimoke]

Only thing I noted was a reasonable increase in inventory. $28.4m to $64.1m.

.

I dont understand that. Record 11/11 sales apparently. And it appears stocks had run out on the day - or at least orders stopped being filled. Sure they need to keep some back for 12/12. But all the same thats a big increase in inventory when demand is supposed to be so high.
Edit - #11635 noted. I wonder what "sustainable levels" are.

[winner69]

News should get shareprice well over the 11 buck mark ...no worries

[Muppett]

News should get shareprice well over the 11 buck mark ...no worries

It should with a NPAT=+64.5%

I'm more interested in what % vote against the Trougher retaining her position on the Board.

[couta1]

News should get shareprice well over the 11 buck mark ...no worries

It's a great result but in the current Macro environment the SP could go either way.

[winner69]

Jayne says expect strong revenue growth to continue but a more moderate rate than first four months ....and ebitda margin about the sales as last year

That sort of sales for full year $1.265m, ebitda $380m and npat of $260m/$270m (up 33% on F18)

That’s how I see it anyway

[whatsup]

Can we crack $11 for the first time in 6 weeks ?

[see weed]

News should get shareprice well over the 11 buck mark ...no worries

up over $11 now. This reminds me of last Feb went from 9.50 odd to $11 in morning then up to $12 or so after asx opened then to $14 within the next two weeks after that .

[whatsup]

can we crack $11 for the first time in 6 weeks ?

boom $11.10

[sb9]

Jayne says expect strong revenue growth to continue but a more moderate rate than first four months ....and ebitda margin about the sales as last year

That sort of sales for full year $1.265m, ebitda $380m and npat of $260m/$270m (up 33% on F18)

That’s how I see it anyway

My FY19 forecast numbers are based today's trading update and taking into account previously reported numbers:

Rev - $ 1.288M
NPAT - $ 295M
EPS - $ 0.40c

A 30 PE multiple would put them at $12, 35 at $14 and 40 at $16.

[couta1]

It's a great result but in the current Macro environment the SP could go either way.

Offloaded a few due to above, sometimes the Kiwis get a bit too enthusiastic before the Aussie open. PS-Hope I'm wrong.