ATM - A2 Milk Corporation Limited

[longy]

And now 3%

I know it is a different time and different scenario, but this look awfully familiar comparing Xro back then when I bought at $45 and sold out at $21. Took a massive hit then. However, I managed to regain all of the loss and sitting on a good paper gain on XRO. Each to their own but am going to place this stock at the bottom draw and see where it will be in a few years time.

[Balance]

And now 3%

Sobering - 4% on Friday so that’s 7% down in 2 days.

Looks like market is starting to price in a fourth profit downgrade.

[alokdhir]

I know it is a different time and different scenario, but this look awfully familiar comparing Xro back then when I bought at $45 and sold out at $21. Took a massive hit then. However, I managed to regain all of the loss and sitting on a good paper gain on XRO. Each to their own but am going to place this stock at the bottom draw and see where it will be in a few years time.

IMHO if u do that ...there is more then 80% chance that U will end up better off ...Just need stop worrying about the current bottoming out process ...Most likely its very close to it ...in next 3-6 months it maybe higher then current SP

Though I must say IMHO ATM turned out to be a pretty ordinary company with below average management quality ....this downtrend has exposed that to the world so people will be wiser now

[Balance]

Attachment 12454Attachment 12455

English label stage 3 A2 IF sale at 215RMB, Chinese label sale at 380 RMB. Normally English label IF is more expensive so I think these are to expire thus they have to sell at discount.

Now Chinese label stage 3 A2 IF is the most expensive one among the same products at JD.com.

Someone pointed out to me that Chinese label stage 3 IF was selling for over 430 RMB at the beginning of the month.

Looks like discounting taking effect across the whole A2 range.

I sense that some posters here are mesmerized by ATM's #1 position in the IF sales stake (which is great) but missing the margin erosion as a result of the discounting.

[see weed]

UBS buying back in 2.7m on 20/4/21?

[Balance]

UBS buying back in 2.7m on 20/4/21?

Active trader in ATM - note that UBS sold down below 5% in March.

[winner69]

Kingfish sort of blaming themselves but also thought management could have done better. Still hold over $30m worth -


a2 Milk was the worst performer in the portfolio — a disappointing 29% drop. The weak “daigou” channel continued to impact the business. We originally underestimated the size of the issue and thought management could better navigate the problem. But we have adjusted and learnt from new information.

We significantly reduced our target position in November and December 2020, and again in February and March 2021, as our channel checks remained persistently weak

[bull....]

i remember some posters saying how clever kingfish were on the way up.

[Rawz]

Kingfish sort of blaming themselves but also thought management could have done better. Still hold over $30m worth -


a2 Milk was the worst performer in the portfolio — a disappointing 29% drop. The weak “daigou” channel continued to impact the business. We originally underestimated the size of the issue and thought management could better navigate the problem. But we have adjusted and learnt from new information.

We significantly reduced our target position in November and December 2020, and again in February and March 2021, as our channel checks remained persistently weak

Goes to show that even the pros with all their resources can get it wrong.

[alokdhir]

Kingfish sort of blaming themselves but also thought management could have done better. Still hold over $30m worth -


a2 Milk was the worst performer in the portfolio — a disappointing 29% drop. The weak “daigou” channel continued to impact the business. We originally underestimated the size of the issue and thought management could better navigate the problem. But we have adjusted and learnt from new information.

We significantly reduced our target position in November and December 2020, and again in February and March 2021, as our channel checks remained persistently weak

Goes to show how mediocre ATM management turned out to be ... Just took one downtrend or difficult time to expose their inabilities fully ...