ATM - A2 Milk Corporation Limited

[Leftfield]

The cancellations in containers is a potential problem that we dont normally look into at the shipper level and the sales departments appear to be as bad as an Aussi bank on cup day. Sorry that container booking i sold you has been cancelled. Exporting good is not the perfect booking system we imagine it to be.

Ssssoo you shorting ATM then??

[dreamcatcher]

Great reading of the Reddit investors actions regarding shorts...........who will they be targeting next.

"Webjet, Tassal Group, Inghams Group and InvoCare

Heavily-shorted Australian stocks including these companies all rose on Thursday against an overall fall of Sydney’s benchmark ASX 200 index."

https://www.theguardian.com/business...ks-hedge-funds

[Balance]

Great reading of the Reddit investors actions regarding shorts...........who will they be targeting next.

"Webjet, Tassal Group, Inghams Group and InvoCare

Heavily-shorted Australian stocks including these companies all rose on Thursday against an overall fall of Sydney’s benchmark ASX 200 index."

https://www.theguardian.com/business...ks-hedge-funds

Will be a sight to watch indeed if ATM gets the same action!

[Sideshow Bob]

A2 have airfreighted product at times - and although more costly, would expect less costly than missing sales or being out of stock. Airfreight prices up to China are pretty similar to pre-Covid, as the Govt are subsidising routes to keep stuff moving.

Reefer availability is particularly bad at the moment, unsure on GP containers. Problem is some Chinese ports are closed with Covid and congestion, which has been exacerbated by upcoming Chinese New Year celebrations. The container merry-go-round isn't going fast enough.

[sb9]

Great reading of the Reddit investors actions regarding shorts...........who will they be targeting next.

"Webjet, Tassal Group, Inghams Group and InvoCare

Heavily-shorted Australian stocks including these companies all rose on Thursday against an overall fall of Sydney’s benchmark ASX 200 index."

https://www.theguardian.com/business...ks-hedge-funds

Interesting read, is it case of David Vs Goliath???

[Gregnz]

This was interesting, a possible further explanation for the drop in dairy exports in Dec:

"The co-op, in its latest global update, said China dairy import volumes increased by 10 per cent or 28,565 tonnes in November compared to the same period last year.
Westpac agri economist Nathan Penny was not reading too much into the December data,
"November was strong, so it's natural that it came back a bit," Penny said.
"When you look at the seasonal pattern and the 12-month total, there is nothing that really jumps out at you. I think it's just a timing issue," he said.
"They are big numbers and if one container ship gets processed a day or two earlier rather than later, then a big chunk of product can fall into one month and not the other," he said.
Penny noted Global Dairy Trade auction prices had started 2021 on a strong note, and he expected prices to tick up again at next week's auction.
ASB chief economist Nick Tuffley said demand from China remained incredibly strong, but there were some likely timing issues around export shipments.
"The underlying story still seems to be fairly encouraging," he said."

[Leftfield]

Great reading of the Reddit investors actions regarding shorts...........who will they be targeting next.

"Webjet, Tassal Group, Inghams Group and InvoCare

Heavily-shorted Australian stocks including these companies all rose on Thursday against an overall fall of Sydney’s benchmark ASX 200 index."

https://www.theguardian.com/business...ks-hedge-funds

Mmmm we sure live in interesting times.

However, there is a huge difference between Gameshop which reputedly had 120% of its shares shorted (yes more shares shorted than on issue!!??) when compared to ATM's 7.9% shorted (at 22 Jan)

That said shorting brokers rushing to cover their Gameshop and/or other short obligations may be forced sell other non related shares to cover their mounting debt.

Will there be implications for ATM..... who know's!!?? Interesting times.

[bottomfeeder]

Where do you go to find out the number of shorter on companies on the NZX

[Leftfield]

Where do you go to find out the number of shorter on companies on the NZX

There is no shorting on NZX. However ASX allows it and ASX data is available here but note data is delayed.

[alokdhir]

There is no shorting on NZX. However ASX allows it and ASX data is available here but note data is delayed.

Like many have pointed out that after seeing what happened to shorters in US ...many may have started booking their profits in ATM ...which can be one of the reason why its become pretty buoyant in the last week or so ...U can easily feel its SP got a bullish sentiment and feel to it these days ...unlike before .

It will be very interesting to keep watch on delayed Shortman data ...I am curious if only short covering is the reason of this bullish feel or something else more substantial is cooking ...I understand Feb HY announcement is due in last week ...apart from tinkering with FY guidance nothing much is expected in actual reporting ...surely 670 cant become 700 !!

Also if shorts are covering slowly and if we see last friday figures to be only 5% short then what happens ....still a big if ...but very curious to find out whats going on for some real buying interest in ATM these days