Depending on the Fresha Valley arrangement and how long that has to go, it may provide a vehicle for South Island distribution. Available in Chch but possibly not regularly and haven't seen it anywhere else.
Price action still not clear in my view - looks strong above $8.00 but then peels off sharply - and several times now. My sense would be the next big move will be down, given where it's come from. If so, should be a great buying opportunity - somewhere.
What's it got to do with ATM? (Other than any cross-shareholding.)
You answer your own question, however.....
1.) ATM's investment in SML will benefit
2.) SML's new partnership with strong retailers could strengthen ATM's patchy NZ distribution and marketing and offers an alternative to Fresha Valley
3.) SML's product development and research emphasis could offer much needed product extensions to ATM
Price action still not clear in my view - looks strong above $8.00 but then peels off sharply - and several times now. My sense would be the next big move will be down, given where it's come from. If so, should be a great buying opportunity - somewhere.
Bollie bands slowly moving together, looks ready for a new years run up leading into the Feb result, as always volatile as you know what meantime.
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Originally Posted by Left field
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