ATM - A2 Milk Corporation Limited

[whatsup]

AGM tomorrow, b 4 covid the meeting was a must attend, but tomorrow , what ? , who is attending ?? !

[whatsup]

S Hers can attend the AGM by vertual link today @ 11-00

[Sideshow Bob]

Meeting materials - https://www.nzx.com/announcements/421740

I wonder if the A2 meeting will be as interesting as yesterdays meeting at the Pullman?? With Chris, Winnie and David??

As for an outlook:

Moving now to our outlook for FY24. As stated at the time of our results release:
• We expect China IMF market conditions to be more challenging in FY24 compared toFY23 with a further double-digit decline in market value;
• Despite these headwinds, we expect to continue to gain market share in IMF; and
• At the group level, we are expecting low single-digit revenue growth, EBITDAmargins to be similar to FY23 and an improvement in cash flow.

[bull....]

no positive outlook statement

[winner69]

no positive outlook statement

Least no negative outlook

But $2 bilion and mid teens ebitda marginnbybF26 still in play

But 7% pa revenue growth not that good is it when you read all the rave words etc etc

[bull....]

Least no negative outlook

But $2 bilion and mid teens ebitda marginnbybF26 still in play

But 7% pa revenue growth not that good is it when you read all the rave words etc etc

trying to maintain there current levels looks like there positive outlook.

[whatsup]

$1-00 cash / share on its books so $3-00 + for the rest ?

[whatsup]

Up 5% + today, not too bad for a down day imo.

[silverblizzard888]

Given the conditions they are operating in ATM is actually performing quite well. Gaining market share in a shrinking IMF market in China and maintaining margins is pretty good.

[bull....]

A2 Milk boss says China formula market in steep decline

https://www.afr.com/companies/retail...0231116-p5ekd9