ATM - A2 Milk Corporation Limited

[Balance]

https://www.nzherald.co.nz/business/...CNGFM5CRFAK3A/

paywalled

Must be getting close to capitulation when just about every broker & institution cannot see much upside for ATM :

"Australian brokerage Morgans said e-commerce pricing of infant formula in China does not appear to be materially improving and Australian stores are discounting products to clear ageing inventory."

"On the macro front, our analysis highlights the China infant formula market - mostly due to declining birth rates - has shifted from a growth industry into volume decline," Jarden said in a research note.

"Whilst not new, when coupled with Covid disruption to cross-border trade and stronger competition, these prior macro tailwinds have turned to headwinds, raising the execution risk of a2 Milk returning to its previous strong growth story," Jarden said.

[Balance]

On a brighter note, there is more takeover talk :

"With a market capitalisation of $5.6b, down from $16b at its peak last July, a2 Milk is a mere shadow of its former self, prompting speculation in the Aussie media that it may become a takeover target for food groups wanting a share of the market for milk products free of the a1 beta-casein, which is what a2 sells."

https://www.theaustralian.com.au/sub...s&mode=premium

With A2 Milk shares stuck firmly in the doldrums, market chatter suggests the battered dairy supplier could be back on the radar of potential suitor.

[aperitif]

Positive signs coming out of BUB’s 3Q today.

Port data out of Lyttelton yesterday on track ~50% yoy growth


https://cdn-api.markitdigital.com/ap...df02a206a39ff4

[sb9]

Positive signs coming out of BUB’s 3Q today.

Port data out of Lyttelton yesterday on track ~50% yoy growth


https://cdn-api.markitdigital.com/ap...df02a206a39ff4

Bang on, just read BUB's quarterly report and things definitely seem to be on right track. ASX will as per usual drive sentiment later on.

[Balance]

Positive signs coming out of BUB’s 3Q today.

Port data out of Lyttelton yesterday on track ~50% yoy growth


https://cdn-api.markitdigital.com/ap...df02a206a39ff4

Am I reading this right :

BUB Q3 2020 sales were $19.7m, now $11.8m = 40% decline.

Commentary seems similar to Q2 update in Jan which led to a spike in the sp to be aggressively sold down by institutions in the stock, leading to even lower sp in April.

[winner69]

Am I reading this right :

BUB Q3 2020 sales were $19.7m, now $11.8m = 40% decline.

Commentary seems similar to Q2 update in Jan which led to a spike in the sp to be aggressively sold down by institutions in the stock, leading to even lower sp in April.

QoQ reporting always way to go eh Balance .....seasonally adjusted revenues up 75% I think

Commentary also mentions daigou channel down 15% on last year ...but not as bad as previous quarter

[Balance]

QoQ reporting always way to go eh Balance .....seasonally adjusted revenues up 75% I think

Commentary also mentions daigou channel down 15% on last year ...but not as bad as previous quarter

Whichever comparison makes the numbers look better, use accordingly - be it pcp or previous quarter!

Been around too long not to see the inconsistency in results reporting.

Heck, go back far enough and we had Fay Richwhite changing their balance dates ever so often, and their valuation of investments from cost to market value or back to cost whichever suited!

[Ruby]

Whichever comparison makes the numbers look better, use accordingly - be it pcp or previous quarter!

Been around too long not to see the inconsistency in results reporting.

Heck, go back far enough and we had Fay Richwhite changing their balance dates ever so often, and their valuation of investments from cost to market value or back to cost whichever suited!

Heck,comparing numbers to suit to make it look worse happens as well aye,depending on what side of the fence you are on

[Balance]

Heck,comparing numbers to suit to make it look worse happens as well aye,depending on what side of the fence you are on

Does not really matter in the end what companies do to try & dress up numbers - only the amateurs (like some posters here) are fooled. The institutions see through all that dressing up & are most happy to take advantage of the window given by the companies & the amateurs to finesse their shareholding positions accordingly.

With ATM, it has been like that for the last 3 downgrades with the amateurs lapping the company’s ‘positive’ spin up while the smart investors sold to them.

Or have you not noticed, Ruby?

[Ruby]

Does not really matter in the end what companies do to try & dress up numbers - only the amateurs (like some posters here) are fooled. The institutions see through all that dressing up & are most happy to take advantage of the window given by the companies & the amateurs to finesse their shareholding positions accordingly.

With ATM, it has been like that for the last 3 downgrades with the amateurs lapping the company’s ‘positive’ spin up while the smart investors sold to them.

Or have you not noticed, Ruby?

What i have noticed you always like to get a dig in...you won't be happy until ATM goes to a dollar so you can say I told you so to Couta lol...