ATM - A2 Milk Corporation Limited

[Ginger_steps_]

Im still here All unfolding nicely... Interestingly, those little cards that were hung around the necks of the a2 bottles here in aussie ("naturally contains no A1") only seemed to be on one shipment of a2 - they came and went very quickly... I wonder if its related to the release of this study?

[barleeni]

It has now made it into NZ media (www.stuff.co.nz)

http://www.stuff.co.nz/business/farm...st-human-study

[NT001]

Yeah, but I wonder how many investors and consumers read the farming section of the stuff website.

[barleeni]

Yeah, but I wonder how many investors and consumers read the farming section of the stuff website.

Its listed on the business section homepage, so you don't have to navigate to the farming section to find it.

[Joshuatree]

Wow this stuff is really good for me. I will spare you the details but I've had health probs in that area as well as Gerd like symptoms in the stomach. A win /win for me atp. Buy it when i see it(countdown NZ mainly). Vol of shares evenly matched at the mo..

[see weed]

Yeah, but I wonder how many investors and consumers read the farming section of the stuff website.

It was announced on the ASB business news at 12.51pm today

[Snoopy]

I don't think David Mair is purchasing on his own account. It is Forte-Funds that is buying, and David Mair is an adviser to, and non-executive director of, this fund manager. He may or may not have his own cash in the fund. I still take it as a very positive endorsement of ATM.

If David Mair was purchasing on his own account within weeks of the announcement of the ATM result he would be done for insider trading! I am surprised there are some on this forum who think he would be that stupid. IIRC corectly there is only a very limited period as an officer or director of a company where you can buy or sell shares in it. Something like six weeks from the announcement of the annual or half year result.

In fact the announcement specifically states that Mair is not purchasing the shares on his own account if you read it carefully. Granted you have to be diligent reading these announcements because of the somewhat clumsy formatting in theway the NZX presents these announcements.

SNOOPY

[Joshuatree]

Breakout @66c hope she holds.

[Snoopy]

An advance online abstract has just been published indicating the results of the Curtin University research trial testing the differences in gastrointestinal reaction by humans to A1 and A2 milk. This trial is particularly important because it used 40-odd human subjects (not rats or mice), was very rigorous in its methodology, specifically compared human digestive reactions to A1 and A2, was carried out at a university whose reputation would not be questioned, and its findings have been accepted for publication in a top peer-reviewed journal.

<snip>
" if verified by a larger-scale trial it would demolish the assertions often put forward by many critics of the A2 hypothesis that there is no scientifically proven difference between how the human body reacts to A1 and A2."

The abstract of the trial results notes "a significant positive association between abdominal pain and stool consistency on the A1 diet (r=0.520, P=0.001), but not the A2 diet (r=-0.13, P=0.43). The difference between these two correlations (0.52 versus -0.13) was highly significant (P<0.001). Furthermore, some individuals may be susceptible to A1 beta-casein, as evidenced by higher faecal calprotectin values and associated intolerance measures.”

The questions now are, how big are the differences, are they important healthwise, and do they clearly show that consumers (or at least SOME consumers) are better off drinking A2?

In its conclusions, the abstract states: “These preliminary results suggest differences in gastrointestinal responses in some adult humans consuming milk containing beta-casein of either the A1 or the A2 beta-casein type, but require confirmation in a larger study of participants with perceived intolerance to ordinary A1 beta-casein-containing milk."

I wouldn't market myself as a statistician. But back in the dim dark past I did study some of this stuff so I will put my 2c worth into answering these questions.

In a test like this ideally you want an 'r' value of 1 as a result (where r can vary between -1 and 1). An r value of 1 means straight line predictability. In this example, feed someone a measured quantity of A1 milk and you can predict exactly the associated abdominal pain and stool consistency as a result. Of course peoples' colons are complex biological systems with all sorts of digestive system contents interactions to contend with. And different people may have naturally different tolerances to different foods. Given this, an 'r' value of 1 was never going to happen as a result in a test like this. However, I would have liked to have seen an "r" of up to 0.7 or at least 0.6.

An "r" value of 0.52 is not a particularly compelling result. Especially considering the test participants were made to consume 750ml of milk per day for two weeks on end (that is way above 'normal' consumption for most people). Do an internet search for images and 'r-value 0.5' and you will see what I mean. Squint hard and you can draw a line through an r=0.5 'dot storm'. But for r=0.5 or thereabouts, it really isn't convincing. Keith Woodford is right when he says that he needs to redo this test with a larger sample. The test is positive enough to continue the research, but is no game changing result IMO.

SNOOPY

[Joshuatree]

Hi latest 100 s/holders Security IssuerName ATM.NZ The a2 Milk Company Limited

Rank Cur: 04-Aug-2014 Prev: 21-Jul-2014 Difference Cur Prv Shareholders Shares Held(%) Shares Held(%) Shares Simple(%) Relative(%) 1 1 NEW ZEALAND CENTRAL SECURITIES DEPOSITORY LIMITED 309370381 48.8685 309779306 48.9331 -408925 -0.0646 -0.132 2 2 FREEDOM FOODS GROUP LIMITED 116936129 18.4714 116936129 18.4714 0 0 0 3 3 MOUNTAIN ROAD INVESTMENTS LIMITED 57558701 9.092 57558701 9.092 0 0 0 4 4 ULRIKE MCLACHLAN 7135163 1.1271 7135163 1.1271 0 0 0 5 5 JBWERE (NZ) NOMINEES LIMITED 5865962 0.9266 5865962 0.9266 0 0 0 6 6 DAVID MAIR 5000000 0.7898 5000000 0.7898 0 0 0 7 7 GREGORY HINTON & ROSSLYN HINTON 5000000 0.7898 5000000 0.7898 0 0 0 8 8 SUPERLIFE TRUSTEE NOMINEES LIMITED 4571641 0.7221 4571641 0.7221 0 0 0 9 9 FORSYTH BARR CUSTODIANS LIMITED 4128940 0.6522 4065190 0.6421 63750 0.0101 1.5682 10 10 TP TRUSTEE BENDEMEER LIMITED 4000000 0.6318 4000000 0.6318 0 0 0 11 11 CUSTODIAL SERVICES LIMITED 3301494 0.5215 3621494 0.5721 -320000 -0.0505 -8.8361 12 12 GREGORY HINTON 3000000 0.4739 3000000 0.4739 0 0 0 13 13 HOLEM PTY LIMITED 2750000 0.4344 2750000 0.4344 0 0 0 14 14 NEW ZEALAND DEPOSITORY NOMINEE LIMITED 2535518 0.4005 2392136 0.3779 143382 0.0226 5.9939 15 15 FNZ CUSTODIANS LIMITED 2306245 0.3643 2227083 0.3518 79162 0.0125 3.5545 16 16 PETER HINTON 2193064 0.3464 2193064 0.3464 0 0 0 17 17 INVESTMENT CUSTODIAL SERVICES LIMITED 2098949 0.3316 2098949 0.3316 0 0 0 18 18 RESOLUTION INVESTMENTS LIMITED 1710000 0.2701 1710000 0.2701 0 0 0 19 19 LEVERAGED EQUITIES FINANCE LIMITED 1692061 0.2673 1659561 0.2621 32500 0.0051 1.9583 20 21 FORSYTH BARR CUSTODIANS LIMITED 1628052 0.2572 1480616 0.2339 147436 0.0233 9.9577 21 20 MARINT LIMITED 1500000 0.2369 1500000 0.2369 0 0 0 22 23 CIRCADA LIMITED 1400000 0.2211 1400000 0.2211 0 0 0 23 24 PHABEN HOLDINGS LIMITED 1200000 0.1896 1200000 0.1896 0 0 0 24 25 FORSYTH BARR CUSTODIANS LIMITED 1166800 0.1843 1166800 0.1843 0 0 0 25 26 ROTORUATRUST PERPETUAL CAPITAL FUND LIMITED 1000000 0.158 1000000 0.158 0 0 0 26 27 FORSYTH BARR CUSTODIANS LIMITED 968519 0.153 954519 0.1508 14000 0.0022 1.4667 27 29 CUSTODIAL SERVICES LIMITED 900599 0.1423 894599 0.1413 6000 0.0009 0.6707 28 28 ROSSLYN HINTON 900000 0.1422 900000 0.1422 0 0 0 29 30 MARTYN REESBY 800000 0.1264 800000 0.1264 0 0 0 30 31 FORSYTH BARR CUSTODIANS LIMITED 790950 0.1249 790950 0.1249 0 0 0 31 32 CUSTODIAL SERVICES LIMITED 723900 0.1143 721900 0.114 2000 0.0003 0.277 32 33 ARTHUR YOUNG & PETER WILSON 700000 0.1106 700000 0.1106 0 0 0 33 35 RICHARD PATERSON & LEE PATERSON & PETER GOWING 644972 0.1019 644972 0.1019 0 0 0 34 36 RICHARD PATERSON & LEE PATERSON & PETER GOWING 644972 0.1019 644972 0.1019 0 0 0 35 38 CUSTODIAL SERVICES LIMITED 639894 0.1011 629434 0.0994 10460 0.0017 1.6618 36 37 JAMES MCLAUGHLIN 635595 0.1004 635595 0.1004 0 0 0 37 34 MICHAEL HARE 600000 0.0948 650000 0.1027 -50000 -0.0079 -7.6923 38 39 JBWERE (NZ) NOMINEES LIMITED 535000 0.0845 535000 0.0845 0 0 0 39 40 WARREN LONG 525000 0.0829 525000 0.0829 0 0 0 40 46 ASB NOMINEES LIMITED 512500 0.081 497500 0.0786 15000 0.0024 3.0151 41 41 HYLTON LEGRICE & ANGELA LINDSAY 500000 0.079 500000 0.079 0 0 0 42 42 LUCY HINTON 500000 0.079 500000 0.079 0 0 0 43 43 EMILY HINTON 500000 0.079 500000 0.079 0 0 0 44 44 MM MORTGAGE SOLUTIONS LIMITED 500000 0.079 500000 0.079 0 0 0 45 45 TROUBADOUR HOLDINGS LIMITED 500000 0.079 500000 0.079 0 0 0 46 48 ADAM RYALL & JUDITH RYALL & CHRISTOPHER PATRICK MOORE 450000 0.0711 450000 0.0711 0 0 0 47 49 INVESTMENT CUSTODIAL SERVICES LIMITED 416465 0.0658 416465 0.0658 0 0 0 48 50 NICHOLAS LAUTZ 395703 0.0625 395703 0.0625 0 0 0 49 51 CUSTODIAL SERVICES LIMITED 362547 0.0573 354547 0.056 8000 0.0013 2.2564 50 52 CHRISTOPHER JOHNSTON & KOKILA PATEL 353855 0.0559 353855 0.0559 0 0 0 51 53 BRYAN HUTCHINS 350000 0.0553 350000 0.0553 0 0 0 52 54 PENELOPE HUTCHINS 350000 0.0553 350000 0.0553 0 0 0 53 55 FNZ CUSTODIANS LIMITED 345511 0.0546 345511 0.0546 0 0 0 54 22 FIRST NZ CAPITAL SECURITIES LIMITED 340204 0.0537 1400324 0.2212 -1060120 -0.1675 -75.7053 55 56 PHILLIP HARRIS & PRUNELLA HARRIS 320000 0.0505 320000 0.0505 0 0 0 56 57 JOHN ELLIOT & TONI ELLIOT 315000 0.0498 315000 0.0498 0 0 0 57 58 HARROGATE TRUSTEE LIMITED 304000 0.048 304000 0.048 0 0 0 58 59 MICHAEL LOOKMAN & 187 BRIDGE TRUSTEES 53 LIMITED 300000 0.0474 300000 0.0474 0 0 0 59 0 JOHN LEAHY & SHARYN LEAHY & SARAH LEAHY 300000 0.0474 0 0 0 0 0 60 60 STEPHEN PRYOR & CITYLAW TRUSTEES LIMITED 300000 0.0474 300000 0.0474 0 0 0 61 61 LINDA SIMMONS & FARRY AND CO. TRUSTEES LIMITED 300000 0.0474 300000 0.0474 0 0 0 62 62 ROBERT STEWART & LEONIE STEWART & IMPACT LEGAL TRUSTEE LIMITED 300000 0.0474 300000 0.0474 0 0 0 63 63 CUSTODIAL SERVICES LIMITED 271750 0.0429 271750 0.0429 0 0 0 64 64 FORSYTH BARR CUSTODIANS LIMITED 264390 0.0418 264390 0.0418 0 0 0 65 65 ANTHONY COOMBE 255125 0.0403 255125 0.0403 0 0 0 66 66 ALLAN SOLLY 250800 0.0396 250800 0.0396 0 0 0 67 67 THE NEW ZEALAND ANGLICAN CHURCH PENSION BOARD INCORPORATED 250000 0.0395 250000 0.0395 0 0 0 68 68 CONSTELLATION CAPITAL LIMITED 250000 0.0395 250000 0.0395 0 0 0 69 69 4 EYES LIMITED 249150 0.0394 249150 0.0394 0 0 0 70 70 PLUTEUS (NO 164) PTY LIMITED 243480 0.0385 243480 0.0385 0 0 0 71 71 NEVILLE SAWYER & JANICE SAWYER 240000 0.0379 240000 0.0379 0 0 0 72 72 INVESTMENT CUSTODIAL SERVICES LIMITED 240000 0.0379 240000 0.0379 0 0 0 73 73 JAGUAR NOMINEES LIMITED 240000 0.0379 240000 0.0379 0 0 0 74 74 ROSALINDE TRINNEAR 238020 0.0376 238020 0.0376 0 0 0 75 75 GREGORY KEEN & PATRICIA KEEN 232156 0.0367 232156 0.0367 0 0 0 76 76 DAVID STEVENSON & NICHOLAS GRANT & DONALD MOCHAN 225455 0.0356 230000 0.0363 -4545 -0.0007 -1.9761 77 77 RICHARD TURNER 225000 0.0355 225000 0.0355 0 0 0 78 78 ROSS MEAR & DEIDRE MEAR 225000 0.0355 225000 0.0355 0 0 0 79 79 EUAN BIDWILL & ANNA BIDWILL & JAMES WALLACE 225000 0.0355 225000 0.0355 0 0 0 80 80 EUAN BIDWILL & ANNA BIDWILL & JAMES WALLACE 225000 0.0355 225000 0.0355 0 0 0 81 81 BARBARA KEDGLEY 221000 0.0349 221000 0.0349 0 0 0 82 82 CRAIG PERCY 220258 0.0348 220258 0.0348 0 0 0 83 0 CUSTODIAL SERVICES LIMITED 220000 0.0348 0 0 0 0 0 84 83 STEVEN LAWRIE 201000 0.0318 201000 0.0318 0 0 0 85 84 MICHAEL GUTHRIE & SUSAN LECKIE & ALBERT ALLOO 200340 0.0316 200340 0.0316 0 0 0 86 85 JOHN EDWARDS 200000 0.0316 200000 0.0316 0 0 0 87 86 WAYNE BOOCOCK 200000 0.0316 200000 0.0316 0 0 0 88 88 PUBLIC TRUST 200000 0.0316 200000 0.0316 0 0 0 89 89 LOUISE WRIGHT 200000 0.0316 200000 0.0316 0 0 0 90 90 HENRY DODS 200000 0.0316 200000 0.0316 0 0 0 91 91 SOMSMITH NOMINEES LIMITED 200000 0.0316 200000 0.0316 0 0 0 92 92 NZ METHODIST TRUST ASSOCIATION 200000 0.0316 200000 0.0316 0 0 0 93 93 NICOLAI SCHUPBACH 200000 0.0316 200000 0.0316 0 0 0 94 94 PARNELL HOLDINGS LIMITED 200000 0.0316 200000 0.0316 0 0 0 95 95 PETER BRADFIELD 200000 0.0316 200000 0.0316 0 0 0 96 96 PETER DE CLIFFORD & GWENDOLINE DE CLIFFORD 200000 0.0316 200000 0.0316 0 0 0 97 97 SALLY CLATWORTHY 200000 0.0316 200000 0.0316 0 0 0 98 98 AMALGAMATED DAIRIES LIMITED 200000 0.0316 200000 0.0316 0 0 0 99 99 PHILLIP LINDBERG 195000 0.0308 195000 0.0308 0 0 0 100 100 TITMOTU HOLDINGS LIMITED 188550 0.0298 188550 0.0298 0 0 0 0 0 0 Top 100 total 576270760 91.0284 577072660 91.1551 -1321900 -0.2088 -0.2291