ATM - A2 Milk Corporation Limited

[muss1]

We've just hit an all time high and no one has said anything! What's happening team?

[hilskin]

ATM at an all time high.
Looking forward to the AGM next week and interested in what they have to say with regard to America and how far away they are from entering that market. It will be nice if they can update us on how the baby formula sales are going. Anyone else going next week?

[Scottman]

Good to see the price moving up a bit. Not going to AGM. Yes the US / Canada side of things must be happening soon. 2014 I suspect. Hope someone can give us a rundown from the AGM.

[iceman]

I received the comments and intentions for proxies at the AGM from the SA.

They are complementary and supportive of re-election of Cliff Cook and David Mair and supportive of Julia Hoare as an Independent Director.

SA supports changing the constitution to allow Directors to be increased from 7 to 8 to "recruit appropriate skills as the company grows internationally".

The company propose to increase the non-executive directors fees from $ 34,000 to $ 50,000 and the Chairman from $ 71,000 to $ 100,000. Total pool of director's fees to increase from $ 250,000 to $ 600,000 (+140%).

The SA says the directors have kept the fees down while the company was in this early stages, until 2011 and agree it is fair to increase fees again this year. But they think the proposed increases are hefty and are recommending $ 50,000 and $ 90,000 respectively.

SA intends to vote in favour of the agreement with Pactum in Australia.

I think the SA is fair in its assessment and will be giving them my proxy as I am unable to attend in person.

[stoploss]

Might be bullish at the AGM ...

http://www.bloomberg.com/news/2013-1...ong-mover.html

[Captain Dan]

Anyone else thinking we'll see 80 by the end of the week. Currently not many sellers left at 78.

[Roberto]

Anyone else thinking we'll see 80 by the end of the week. Currently not many sellers left at 78.

I'm pretty confident we will, Captain. Possibly today if the AGM is positive.

[westcoaster]

80c now, some exciting news this afternoon I think.

[Captain Dan]

I'm pretty confident we will, Captain. Possibly today if the AGM is positive.

And we've made it! Not much buyer support at the moment, but if there's good news from the AGM and the SP is able to break through 80 and 81, its clear sailing from there.

[muss1]

Probably will get an update later today, but does the UK announcement suggest significantly better than expected traction in the UK?