ATM - A2 Milk Corporation Limited

[suse]

I finally bit the bullet and have an order in for shares today. STill kicking myself for not doing it at $1.80. I'm hoping to see dividends coming but obviously growth is appealing as well (cause I hate those little red down arrows appearing on my portfolio )

[sb9]

I finally bit the bullet and have an order in for shares today. STill kicking myself for not doing it at $1.80. I'm hoping to see dividends coming but obviously growth is appealing as well (cause I hate those little red down arrows appearing on my portfolio )

Good on ya suse, long term (12-18months time), you'll not be disappointed. In the meantime there might be days with red arrows in your portfolio.

[suse]

Good on ya suse, long term (12-18months time), you'll not be disappointed. In the meantime there might be days with red arrows in your portfolio.

gawd, even in the time it took for my order to be filled it went up 4c, I really need to move quicker

[whatsup]

When is the 2017 ann presentation, last year it was 24th Aug ?

[hardt]

Everything is looking peachy for another one of those years for holders.

[sb9]

"The Board has been evaluating capital management alternatives whilst continuing to maintain a flexible and conservative capital structure and now intends to establish an on-market buyback of the Company’s shares over the next 12 months of up to $40 million. Further details of the on-market buyback will be announced prior to commencement of the buyback. In addition, the Board remains open to consider the merits of a special dividend in light of progress on the buyback and future market conditions. "

[Leftfield]

And the results are.......

•  Total revenue of $549.5 million – an increase of 56% over the prior corresponding period (pcp)
  
•  EBITDA1 of $141.2 million – 159% ahead of the pcp
  
•  EBITDA to sales margin of 26%, up from 15% on pcp
  
•  Net profit after tax of $90.6 million – 198% ahead of the pcp
  
•  Basic earnings per share (EPS) of 12.7 cents, an increase of 186% on pcp
  
•  Operating cash flow of $99.9 million and a cash balance of $121.0 million at year end
  
•  Continued strong growth in sales and market share for a2 Platinum® infant formula in Australia and China
  
•  Sales growth of a2 MilkTM branded fresh milk and milk powders in Australia
  
•  Increased investment in building brand awareness in the United States (US)
  
•  Positive operating earnings in the United Kingdom (UK)
  
•  Development of a broader nutritional products strategy and a new focus on emerging markets
  

[suse]

As I am pretty new to share trading, what does a buy back mean and what are the implications? I am pleased to see that they are considering a special dividend.

[silu]

That's some growth befitting a growing company with a PE that should only be reserved for growth like that. In shorter words - GROWTH!

[silu]

As I am pretty new to share trading, what does a buy back mean and what are the implications? I am pleased to see that they are considering a special dividend.

They believe their SP is undervalued. It also increases EPS (Earnings per share).