ATM - A2 Milk Corporation Limited

[keenkiwiflyer]

Will push to $22 by this afternoon. $23 tomorrow.

[sb9]

Tree shaking over....

[keenkiwiflyer]

Thanks to those who sold!

[tomm]

Will push to $22 by this afternoon. $23 tomorrow.

That is possible , but there are a few shorts attempt , but won't last long.
*topped up more at the opening this morning!

[Leftfield]

Bit of tree shaking going on....... weak hands will worry.

Forward EPS of 60c x PE of (say) 40 = $24.00

PE of 45 = $27.00

As always DYOR and take responsibility for your own decisions.

[MarineSalvage]

I grabbed a few more thanks to the sellers

[longy]

Just going to change subject a little. A bit of an insight into the new CEO. The stage is set for him to carry on. He seems like a good fit.

New a2 Milk CEO must buy before selling


The a2 Milk Company's past introduction of an external chief executive became a "what not to do" lesson after a split on strategy, an unexpected share sale and an exit after just 18 months in the role.
On Tuesday, the $14 billion milk company – among the largest on New Zealand's exchange – appointed Hanesbrands' president of inner wear, David Bortolussi, as its chief executive after a six-month search.

Incoming A2 Milk chief executive David Bortolussi has been described as the right fit in terms of talent and "right DNA" for the company. Josh Robenstone
As part of his contract, Mr Bortolussi, who will move from Melbourne to Sydney and start the role in early 2021, will not be able to sell any shares until he owns the equivalent of one year's salary.
"We learnt from that experience – my mistake – I didn't dream we would have a situation where someone would sell their shares immediately," a2 Milk chairman David Hearn said from London about how the company was structuring its new CEO's remuneration and share sale terms. "We are now wiser."
Mr Bortolussi will succeed Geoffrey Babidge, who has been acting as interim chief executive since December 2019 when previous chief executive Jayne Hrdlicka – the former management consultant now part of Bain Capital's buyout of Virgin Australia – left the company.
He will receive a base salary of $1.75 million, including superannuation, and may receive a short-term incentive payment of 120 per cent of his fixed base salary in his first year, though performance objectives have yet to be determined.
On an annual basis, he will be able to take up performance rights under the long-term incentive plan equivalent to 160 per cent of his fixed remuneration. These will vest over three years, with conditions to be determined. Mr Bortolussi will receive an additional $3.7 million in share rights and a $1.27 million cash payment for forfeiting rights at his former employer.
Mr Hearn said he and the board members were confident that Mr Bortolussi was the right pick for the role, and selecting a chief executive was one of the most important and challenging roles for any chairman. Appointing an Australian was "an accident", with the past three candidates for the role from three different continents.
Having Mr Babidge as interim chief executive had removed any stresses around timing, he said.
Mr Hearn said that after extensive research and conversations he believed Mr Bortolussi was the right fit in terms of talent and the "right DNA" for the company, which he described as very non-hierarchical and respectful.

[Bjauck]

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

Its SP is still up 3% over the past week.

[Getty]

David Bertolucci, prev Hanes manager of inner wear, now is he a GOOD FIT, or is someone taking the piss?

[Jay]

This share has a habit of dropping after the results come out, I looked at it a number of times when results predicted to be good, and was, and noticed it drops after- may be as Bull said results built in and takes a while to pick up again