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15-10-2020, 08:16 PM
#17361
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Our Jayne to head the new Virgin
https://www.smh.com.au/business/comp...15-p565eq.html
Shame the A2 Board didn’t agree with her way forward and got rid of her .....A2 never been the same again and having a caretaker CEO was a big mistake and backward step.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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15-10-2020, 08:46 PM
#17362
Originally Posted by winner69
Nice joke there winner, the Licker was the worst thing that happened to A2.
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16-10-2020, 11:40 AM
#17363
Tail winds like this got to be good for ATM in the longer term.
DJ Southeast Asian 'Milk Deficit' to Drive Dairy Export Boom -- Market Talk
2305 GMT - Southeast Asia's "milk deficit" will grow to 19 billion liters in a decade
from an estimated 12.9 billion liters this year, says Rabobank, predicting it will become
a major pull factor for dairy exporters looking for strategic growth. The forecast
(covering Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam) is
particularly relevant for New Zealand, where dairy companies are more trade-exposed than
peers and have the highest market-concentration risk, stemming from reliance on China, it
says. Dairy companies will also be pushed toward Southeast Asia by geopolitical tensions
and moderation of growth in Chinese demand, Rabobank says. (stephen.wright@wsj.com)
Source - Dow Jones Newswires
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16-10-2020, 11:44 AM
#17364
Originally Posted by couta1
Nice joke there winner, the Licker was the worst thing that happened to A2.
Hard woman of virtue to be in charge of the Virgins.
Lick that!
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16-10-2020, 12:22 PM
#17365
Originally Posted by Getty
Hard woman of virtue to be in charge of the Virgins.
Lick that!
Bad taste. Or was it?
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16-10-2020, 02:25 PM
#17366
its trying to build a bit of a base here... must hold... if it falls off a cliff to 13 we will have to buy...
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17-10-2020, 08:53 AM
#17367
Seems to be unanimous on here that Jayne was completely useless and a waste of space.
Coming up to a year since she 'departed ways' with the Board
That's about the time frame for what the real damage management has caused in a company to become apparent. I would hazard a guess that's happening here and the damage that Jayne caused was pretty major and will take some time to fix properly
Bringing an old guy in from the back paddock as a temporary measure will only have exacerbated the situation.
I fear it will take may years before A2 returns to it's glory days. especially if the underwear ex booze guy doesn't get up to speed very quickly
Last edited by winner69; 17-10-2020 at 08:58 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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17-10-2020, 09:08 AM
#17368
Hi Winner,
You may well be right about ATM. You may well be wrong. Interesting times ahead. The 7% shorts certainly agree with you.
In the meantime I noticed your sky high optimism for all things OCA (as below) and wonder what happens when you start applying such optimism to ATM's 2021 SP???
Originally Posted by winner69
Beagle me old mate and true believer in Ben Graham
If you really believed Ben's formula then OCA Intrinsic value is $5.15
Based on current EPS of 7 cents (and that's not the covid look through of 8 cents / EPS growth of a miserable 10% taken from the numbers you posted from Forbar report with me extrapolating out for 7 years with modest growth from 2023 / and used SUM bond rate 1.7% as current bond yields (jeez if I used govt rate the number is so high its ridiculous) and using Ben's revised formula V = EPS x (8.5+2g) x 4.4 / Y (Bond rate)
If I used 0.55% as 10 Year Govt Bond rate the Intrinsic Value is over $16
.
Sssooo Winner using your workings ATM's potential must be sky high!!??
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17-10-2020, 09:32 AM
#17369
Originally Posted by Left field
Hi Winner,
You may well be right about ATM. You may well be wrong. Interesting times ahead. The 7% shorts certainly agree with you.
In the meantime I noticed your sky high optimism for all things OCA (as below) and wonder what happens when you start applying such optimism to ATM's 2021 SP???
Sssooo Winner using your workings ATM's potential must be sky high!!??
Just for year leftie.
I used marketscreener eps forecasts extrapolated out to 7 years using a reasonable growth decay rate which gave g(rowth) of 14% pa and used 1% as Bond rate which is what Fonterra bonds are roughly going for me (reflects industry risk)
Ben Graham's Intrinsic Value of ATM is $83.51
Ben was probably right when he said his formula was crap eh
Funny enough if you forget the part that reflects low bond rates its $18.98
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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17-10-2020, 09:35 AM
#17370
Fabulous Winner, thank you....... made my day.
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