ATM - A2 Milk Corporation Limited

[Leftfield]

Chinese paying 30 times ebitda for the dog BAL

ATM at 30 times ebitda is about $17

Even more with special dividends they are declaring to be factored in...

Which would equate to about $12.5 Billion.....

Even more with ATM's cash reserves, SML share holding etc?

Comparing BAL to ATM is pretty futile, however, today's BAL offer represents a 59% premium to BAL's recent SP around $8.30 and if you apply the same 59% premium to (say) ATM's fri close = 14.03 +59% = $22.45

Nice to dream!!

[RupertBear]

Sure is I was seriously in the red with BAL but my gut told me something good was coming and to hang on.

I remember your advice to a young Bear, always listen to your gut RupertBear. Good advice and well done that man!

[Lewylewylewy]

I used to date a Chinese girl whos mum had a business of using her family connections to get trade quotas, which enabled companies to trade abroad, which were otherwise practically unobtainable... but im 100% sure the SAMR license stuff that has been holding BAL back this whole time is all above board, and the recent Chinese purchaser will have no such connections to leverage on their overpriced multimillion dollar punt!

ATM will be fine!

[Sideshow Bob]

I used to date a Chinese girl whos mum had a business of using her family connections to get trade quotas, which enabled companies to trade abroad, which were otherwise practically unobtainable... but im 100% sure the SAMR license stuff that has been holding BAL back this whole time is all above board, and the recent Chinese purchaser will have no such connections to leverage on their overpriced multimillion dollar punt!

ATM will be fine!

As mentioned in the Synlait thread:

From my experience, any such registrations/listings etc are usually at the complete whim of the Chinese authorities, and often in relation to if/when they need the product. For instance, beef/lamb markets are on fire into China at the moment - and this week 25 Brazilian plants have been added to the list approved to export to China with immediate effect.

You'd think a company 39% owned by a Chinese State-Owned Enterprise would be able to get something through faster - seems not to make any difference. Same goes for a meat company 50% owned by the same parent company.

[winner69]

This will certainly WOW intending Chinese investors

http://nzx-prod-s7fsd7f98s.s3-websit...020/307739.pdf

[RTM]

This will certainly WOW intending Chinese investors

http://nzx-prod-s7fsd7f98s.s3-websit...020/307739.pdf

And good to see Fonterra feature as a strategic partner.
Maybe there is hope !

[Sideshow Bob]

This will certainly WOW intending Chinese investors

http://nzx-prod-s7fsd7f98s.s3-websit...020/307739.pdf

If they can read English.....

[silu]

This will certainly WOW intending Chinese investors

http://nzx-prod-s7fsd7f98s.s3-websit...020/307739.pdf

They are really hammering home the "US Key Messages". At first glance very impressive. ATM is stepping up for the future and I for once am excited that this is potentially a world beating company in the making. Could easily become business wise the biggest thing ever to come out of NZ. At current prices one has to have a lot of faith in current management to deliver.

[bull....]

“Our sales growth ambitions for Bellamy’s in Australia, and the broader Asia Pacific region, will see investment in the local dairy industry to ensure the required capacity is in place to achieve these plans,” Mengniu CEO Lu Minfang said in a statement to the Australian Stock Exchange (ASX).

See they were fighting over bellamys infant formula in the shops yesterday after the takeover news ...... below news report

https://www.news.com.au/finance/busi...6eda56217a9dc7



heres my punt on the mengnui statement. that meng will buy fonterra australian assets to increase there dairy processing.

[bull....]

Thanks Bull..we will see what ASX thinks in 20 minutes...

fading the atm spike proved the best strategy for the day.