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10-05-2021, 05:39 PM
#21511
Welcome back Beagle.
Your expertise has been missed.
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10-05-2021, 05:53 PM
#21512
 Originally Posted by Balance
Welcome back Beagle.
Your expertise has been missed.
... couldn't have expressed it in a better way - good to have the beagle back!
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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10-05-2021, 05:59 PM
#21513
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10-05-2021, 06:09 PM
#21514
Originally Posted by Balance
David says “We are not in a crisis. It's just that the company's performance is not in line with expectations."
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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10-05-2021, 06:11 PM
#21515
Member
Morgan Stanley have bought into ATM, now their holding back to over 5%.
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10-05-2021, 06:22 PM
#21516
Originally Posted by Lease
Morgan Stanley have bought into ATM, now their holding back to over 5%.
Wow ...been buying since the new year
Average price over 10 bucks I reckon ....but I admit I didn’t add all transactions up
They probably surprised by quantum of downgrade and probably do some more averaging down
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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10-05-2021, 07:18 PM
#21517
From NZ Herald - Bortolussi, who has been n the job since January, said that when the board met over the weekend it had become clear that a downgrade was necessary.
I think that’s code for we knew things were bad at the half year but we were hoping like hell a miracle would happen and it would be all fixed by now. ...but alas it’s no better and we better fess up.
Not a good start for David ..lost some credibility ...like the Herald mentioned something about ‘defending the timing’
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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10-05-2021, 07:27 PM
#21518
Originally Posted by winner69
Apparently taking a lot of old stock back and replacing with new fresh stuff
Jeez $120m of old / excessive stock is a lot .....now many tons is that.
Gross margin = 50% so if we assume A2 IF of $44 a can (900g) = cost of $22 a can,
It can be seen that the $120m = 5.5m cans = 4.95m kgs = 4,950 tonnes down the drain.
A lot of cows went through a lot of effort to produce the milk to produce that 4.950 tonnes of IF!
BTW, I believe a can of IF has a shelf life of 1.5 years from date of production.
Last edited by Balance; 10-05-2021 at 07:32 PM.
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10-05-2021, 07:38 PM
#21519
Originally Posted by Balance
Gross margin = 50% so if we assume A2 IF of $44 a can (900g) = cost of $22 a can,
It can be seen that the $120m = 5.5m cans = 4.95m kgs = 4,950 tonnes down the drain.
A lot of cows went through a lot of effort to produce the milk to produce that 4.950 tonnes of IF!
BTW, I believe a can of IF has a shelf life of 1.5 years from date of production.
Beggars belief that such a big organisation can get sales and production forecasts so wrong ...even allowing for a lot of unknowns
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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10-05-2021, 07:46 PM
#21520
Originally Posted by longy
I am wondering this is why Nathan has resigned... Although they are not saying it?
Maybe still miffed at not getting CEO job and probably blamed for things going so wrong (the caretaker didn’t help him much I bet)
No wonder he’s packed a sad
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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