ATM - A2 Milk Corporation Limited

[longy]

4.2% down? What happened? any idea?

[black knat]

4.2% down? What happened? any idea?

The stock is overvalued by a large margin. People realise this and are selling.

[see weed]

The stock is overvalued by a large margin. People realise this and are selling.

By how much overvalued? What is your valuation?

[mondograss]

It seems unlikely everyone decided that all on the same day. The market as a whole was weak on poor earnings data from the USA. Pretty much everything went backwards and ATM really just gave up recent gains. Having said that, it's been tracking sideways since Jan 1, so unless they put out some really good news I wouldn't expect it to go anywhere for a while. The good news is that all this bouncing around the 170-190 range should put a bit of a floor under it.

[black knat]

By how much overvalued?

Not that much ... around 20%.

[sb9]

For the A2M followers, take a moment to read through the presentation released today by Bellamy's on page 21 where they refer to Brand A in the slide which has shown significant market share gain in last years in the IF market.

[Leftfield]

For the A2M followers, take a moment to read through the presentation released today by Bellamy's on page 21 where they refer to Brand A in the slide which has shown significant market share gain in last years in the IF market.

Well spotted and thanks sb9.
It seems good news for both ATM and SML is likely. Overall I was v impressed by Bellamy's presentation. Lots of good info in there.

[Arbroath]

Well spotted and thanks sb9.
It seems good news for both ATM and SML is likely. Overall I was v impressed by Bellamy's presentation. Lots of good info in there.

Theremight be plenty of good fundamental development going on or not but the break of the $1.70-1.90 trading range has seen a pretty sharp move lower today.....could be headed back to 1.30 or so....I'll be a buyer down there if we see it

[Golfer01]

Theremight be plenty of good fundamental development going on or not but the break of the $1.70-1.90 trading range has seen a pretty sharp move lower today.....could be headed back to 1.30 or so....I'll be a buyer down there if we see it

currently walking with buckled knees and watery eyes. What's going on today?????

[Nasi Goreng]

currently walking with buckled knees and watery eyes. What's going on today?????

It is all down to technical analysis. A2 has held above $1.70 for quite some time after the massive run it got at the end of last year.

It has broken through $1.70 and the technical picture is not good right now, it could go into free fall from here.