ATM - A2 Milk Corporation Limited

[mfd]

Consensus is approx 1.65bil for fy 2020, so 800mil half year means likely fy will be 1.8-2billion. Significant upgrade. Should have bought more at these prices, but I didn't sell any either so glass is half full!

Looking at previous years, Beagle's estimate of H1 contributing 47% of FY revenue looks pretty consistent so you may be a little overoptimistic. However, when the company does surprise us it tends to be to the upside.

[silu]

<insert happydance.gif>
$14.62 open

[Balance]

<insert happydance.gif>
$14.62 open

Real action happens when ASX opens.

This is just posturing - let's see what happens at 12 noon.

[silu]

Real action happens when ASX opens.

This is just posturing - let's see what happens at 12 noon.

Always true. But then ASX should open even higher with shorters (most likely) closing their positions?

[t.rexjr]

Last year they did 47% of their sales in IH so at the mid point of sales guidance if we extrapolate the same 1H - 2H trend out sales for FY20 will come in about $1.68B as against average analyst expectation of $1.65b, a 1.8% forecast consensus beat.

Is there no more growth?

[Balance]

Always true. But then ASX should open even higher with shorters (most likely) closing their positions?

A lot of gaming going on so let's see what happens.

[carrom74]

A lot of gaming going on so let's see what happens.

Balance-A quick question...can shorts cover at NZX?? (if they have shorted in ASX?)

[Balance]

Balance-A quick question...can shorts cover at NZX?? (if they have shorted in ASX?)

Not directly but they can buy stock in NZ and shunt stock to ASX to cover.

[carrom74]

Not directly but they can buy stock in NZ and shunt stock to ASX to cover.

I guess thats what is happening now... short covering before the onslaught at ASX from 12.

[Ted2]

Up enough to buy a couple of Mercedes!! Burn with Israel shorters.......