ATM - A2 Milk Corporation Limited

[NT001]

Announcement they are seeking to list on the ASX - more details to come

They had already hinted at this, I think, and it is certainly logical. Question is, how will it affect the NZ SP? And has the recent downward pressure on the NZ SP been in preparation for this? Maybe so that Aussies can get the shares at a bargain price. Just wondering.

[winner69]

Doesn't look like any guidance forthcoming

But Aussie sales up 38% so far this year - whoopee

So without any actual earnings guidance I'll say - HEAPS

Valuation = HEAPS by a reasonable multiple = $1,10 at half announcement time

[dingoNZ]

Would be smart for our eager seller to wait until the ASX listing happens, I would think. Likely to have a few more buyers when they do list and therefore the price will be better supported, right? Unfortunately they probably have a calendar date based mandate to sell them which doesn't extend to next year...

My guess is Aus instos has a mandate where they can only buy ASX stock ans this allows them to buy into the ATM story.

[winner69]

Shareprice on the move ...like a rocket

Maybe $1.10 by Xmas and not half year

[winner69]

Shareprice on the move ...like a rocket

Maybe $1.10 by Xmas and not half year

Maybe 70 cents by the end of the day .....go you good thing .....yippee

[BFG]

Never seen such a flat stock out of the penny range with such tight BBs! I'm wondering why the brokers don't just try and settle this off market after watching it go on for so long...

Tight BBs means breakout or breakdown. Looks like holders got the former as the ASX will be a liquidity kicker and the company looks to keep expanding at a clip.

Congrats all

[Sideshow Bob]

Maybe 70 cents by the end of the day .....go you good thing .....yippee

Why stop at 70 cents Winner? 75 or 80 at least!

You need more nags to bet on.....

[winner69]

Why stop at 70 cents Winner? 75 or 80 at least!

You need more nags to bet on.....

70 cents today ...... 80 cents tomorrow .... $1.10 by Xmas will do fine

[winner69]

Well it seems I timed the bottom perfectly, however, my buy order at 59c is sitting there lonely and unfulfilled. It appears I was a day too late.
68c now marks the 200 day MA, and the resumption of the uptrend. Can it get there?

The bottom was that Friday a few weeks ago when decent buy went through late in the day ...that was the signal for me

[NT001]

All good stuff in this NZX release

https://www.nzx.com/companies/ATM/announcements/257803

Note Babidge says no cap raising with the ASX listing but the wording implies that could come later, by which time there will be heaps of Aussies in there to share the load.