ATM - A2 Milk Corporation Limited

[tomm]

Group infant nutrition revenue of $1.42 billion, up 33.8%
• China label infant nutrition sales more than doubling to $337.7 million and distribution expanded to ~19.1k stores
• USA milk revenue growth of 91.2% and distribution expanded to ~20.3k stores

[longy]

3% drop on opening, not what I expected !!

Quite a usual trend with A2 since the early days too.

[trader_jackson]

According to market screener (with consensus estimates last updated on 17th August 2020)
Net sales: $1.75b (actual: $1.73b)
EBITDA: $557m (actual $549.7m)
Net income: $387m (actual $385.8m) - apologies, I read on post #16514 in this thread the consensus was for $390m, but it is $387m according to marketscreener
Pre-Tax Profit: $560m (actual $551.1m)
EPS: 52c (actual 52.4c)

So yes - actually a slight miss on some key metrics - and I certainly never said they weren't outstanding results - but outstanding results is the minimum expected from a company with a PE of over 40, and hence if they are actually below consensus, well, in my view, they are slightly disappointing, but the story is still very strong and it is a great company.
Apologies if this got anybody excited, I was really only just trying to point out a few facts.

(reference: https://www.marketscreener.com/quote...22/financials/ - note they might updated 2020 to no longer be an estimate, I have a screenshot of the estimate if this does happen and people don't believe my above numbers)

Currently down 3.3% - I suppose the market has agreed with me (at this point in time): that outstanding results is the minimum expected from a company with a PE of over 40, and hence if they are actually below consensus, well, they are slightly disappointing
Maybe the Aussies will think otherwise and provide support - or perhaps push it down even further.

[bull....]

results were well telegraphed so it was built into the stock prices already.. no surprise result

[tomm]

Currently down 3.3% - I suppose the market has agreed with me (at this point in time): that outstanding results is the minimum expected from a company with a PE of over 40, and hence if they are actually below consensus, well, they are slightly disappointing
Maybe the Aussies will think otherwise and provide support - or perhaps push it down even further.

They just trying to avoid sale down for profit taking.

[Hello123]

They just trying to avoid sale down for profit taking.

you think asx will push it down further?

[couta1]

you think asx will push it down further?

No one can accurately answer your question, expect the unexpected in regard to price movements with this stock, manipulators and game players are forever looming.

[carrom74]

No one can accurately answer your question, expect the unexpected in regard to price movements with this stock, manipulators and game players are forever looming.

Welcome back Couta. Glad you are back.

[tomm]

you think asx will push it down further?

I think it will trade following momentum. Regarding it will be at a level $21-22 nzd

[RupertBear]

First post for a while but had to reply to this, your downramping post is utter crap, having just read the whole results report, it is nothing short of outstanding with a capital O. Disc-Currently 80% of my portfolio.

Welcome back Mr Couta, we missed you