ATM - A2 Milk Corporation Limited

[Gregnz]

Personally I think we are reading too much into this, me included. "We have become aware of information which 'may' require us to release an announcement to revise our previously issued guidance to the market".

"May" , that word to me suggests it's not a guarantee. Perhaps its news that they cant yet confirm, wonder if the China tariffs etc have finally hit NZ? But wouldn't that be in the media if it was happening?

[Blue Skies]

Probably a further continuation of this deteriorating situation reported in September as fresh Covid outbreaks caused more lockdowns in Victoria.

https://www.afr.com/companies/retail...0200928-p55zt1

On the plus side, in 12 to 18 months time, these problems should all be behind us and full steam ahead.
SP depends to some extent on how far ahead people are looking.

[Waltzing]

"accounting discrepancies"

was anything tagged in the auditors note?

surely this is a take over else why halt for 2 days plus a weekend.

Anyone have what they think is an accurate NTA or nearest call ?

Its certainly a marketing lesson and have done well considering the results of some other players.

A company from NZ taking on the world.. Fonterra certainly made a mess of it..

Not surprised as i remember meeting the then head of diary farming association as a young farmer in the central north island.. No training in financial farm economics that i could see at the time.

No comprehension of the layers of statistical reporting infrastructure required to protect diary investments to let farmers get there debt levels in check.

Now these same individuals at sit the top table of dairy farming representative organisations...

[tango]

Very odd that info comes so soon after the AGM. There hasn't been sufficient time for anything to drastically change. I've read the ASX announcement, it does say revise previously issued guidance. I'm reading it as a negative, but is there any chance that it could be a guidance improvement?

Would there be a halt for an upgrade?

Maybe...
A lawsuit?
Loss of a major customer?

[dobby41]

Well, that's certainly got people chattering.
Unfortunately no substance so we will have to wait and see.

[wagwan]

Well, that's certainly got people chattering.
Unfortunately no substance so we will have to wait and see.

Hit the nail on the head

[Cyclical]

Very odd that info comes so soon after the AGM. There hasn't been sufficient time for anything to drastically change.

Well it wouldn't be the first time would it...directors cashing in their shares at $20+ only a month before releasing bad news. If it's negative news this time that may have been apparent at about AGM time, there will be some pretty unhappy punters.

[Balance]

Whatever the announcement is, it will be very positive or very negative as that's what trading halts tend to be.

Holders will need their worry beads on the one hand and chill some good French champagne in the fridge with the other!

Time for

HOPE - it's going to be okay,

GREED - it's a takeover by the Chinese or merger,

FEAR - another profit downgrade or law suit over claims of A2 protein benefits in the US.

SML sp has dropped so some in the market are in fear?

[Beagle]

Well it wouldn't be the first time would it...directors cashing in their shares at $20+ only a month before releasing bad news. If it's negative news this time that may have been apparent at about AGM time, there will be some pretty unhappy punters.

A cynical person could easily be forgiven for thinking they've carefully stage managed the timing of the downgrades to escape prosecution for insider trading by the skin of the calcium coating on their A2M coated teeth.

[Biscuit]

Whatever the announcement is, it will be very positive or very negative as that's what trading halts tend to be.

Holders will need their worry beads on the one hand and chill some good French champagne in the fridge with the other!

Time for

HOPE - it's going to be okay,

GREED - it's a takeover by the Chinese or merger,

FEAR - another profit downgrade or law suit over claims of A2 protein benefits in the US.

SML sp has dropped so some in the market are in fear?

Only two rational emotions on here are "fear" and "gloat"