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04-10-2016, 05:17 PM
#5521
Nice bounce in price today after lacklustre past few days...probably due to Chinese Daigous Expo over the weekend in Sydney and Melbourne and apparently they're scrambling for A2 products both Infact Formula and A2 Adult milk powder...
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18-10-2016, 10:23 AM
#5522
Hmmm...based on ASX closing price of 1.87 y'day it translates to $2 at .935 fx rate, bit an anomaly??
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19-10-2016, 10:09 AM
#5523
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25-10-2016, 09:17 AM
#5524
Another vote of confidence.....
Summary for Challenger Limited (ACN 106 842 371) and its entities in Annexure3.
For this disclosure,—
- (a) total number held in class: 67,144,981
- (b) total in class: 725,620,065
- (c) total percentage held in class: 9.25%
For last disclosure,—
- (a) total number held in class: 59,855,519
- (b) total in class: 725,320,065
- (c) total percentage held in class: 8.25%
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25-10-2016, 02:25 PM
#5525
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25-10-2016, 02:32 PM
#5526
Originally Posted by blobbles
A mere 50,000 sold by a director out of his 1,000,000 shares won't qualify for loss of confidence in my opinion. Blame Bega cheese (ASX) and Fonterra for that. I bet it'll recover pretty quick all lost gains...
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25-10-2016, 02:57 PM
#5527
Originally Posted by sb9
A mere 50,000 sold by a director out of his 1,000,000 shares won't qualify for loss of confidence in my opinion.
I'd agree with that.
50k sold - he brought a new boat or needs a few bob for a holiday.
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25-10-2016, 03:10 PM
#5528
Yep was more the fact that the infant formula market in China is now very competitive and experiencing discounting,according to the agm of Bega.
But ATM are a niche supplier of A2 formula so maybe not so much for them.
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01-11-2016, 10:37 AM
#5529
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01-11-2016, 10:50 AM
#5530
Member
Agree with all that from Citi and what they project is contemporary with infant formula volume guidance from ATM's supplier in Mid Canterbury.
FY17 NZ$1.50 valuation from me, expect a drop on agm day when the market wakes up to all this and ATM issue guidance. Synlait will be a much better performer than ATM over the next 12 months I reckon.
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