ATM - A2 Milk Corporation Limited

[couta1]

ATM by a country mile!

Amen to that.

[steveb]

yes I sold my ATM and bought SML when the price dipped to $6.55 in feb,and am now looking at going back the other way.I miss the cut and thrust of ATM.

[bull....]

lots of mooing cows today

[couta1]

lots of mooing cows today

And a few bleating sheep to boot.

[minimoke]

lots of mooing cows today

I'm hoping its a last gasp effort to drive prices down so they can be collected before selling into the MSCI index buy.

[gbogo]

I'm square, cos i got this wrong so many times lately. I'm tempted to buy, but what if.. (I have learnt that crazy what-ifs can be very profitable or money-saving over the years...)

so what if, the hedge fund have bought all the ATM shares that the asset managers need for MSCI rebalance. and so there is a series of large off-market trades at the end of the month, which don't move the price at all. or, perish the thought, slightly lower on the day, because the asset managers realise what is going on. Meanwhile all the retail punters and others who are long at $13.00+ but hanging on for the "index bounce", are going.. what happened? as it drops away to $10.40.. on June 2nd. and maybe, just maybe, it will be past the 20% stop-loss level that people may have.. and then maybe, some slightly negative news comes out.. (more competition? unhelpful regulation? who knows..)

just make me think there is a risk of more downside than upside over the next few weeks. So will keep my singed powder dry for a bit longer...

or a few days earlier, even.. so now, almost everyone who has bought in the last 3 months is under water..

[Ggcc]

We will see who is right, but in 12 months time I am hoping atm outrun synlait. But I have both investments so it does not bother me. I see atm being around $15 in 12 months time and synlait around $14 at that same time. Mind you I could be wrong and we could see A2 at $20 and sunlait sitting around $18 👌

[Beagle]

http://www.scoop.co.nz/stories/BU180...s-on-track.htm

I find it difficult to split these two. ATM undoubtedly have superb growth prospects but the FY19 PE is materially higher than SML and SML will directly benefit from ATM's growth in certain key markets anyway as well as a number of other growth initiatives, one of which is detailed in the link above.

On the other hand ATM has very strong prospects both within the scope of the SML relationship and outside this through its new arrangements with Fonterra as well as growth from alternative dairy products.

Technically I think the chart of SML looks a LOT better than ATM, the latter of which could be a bit of a crowded trade.

Happy to have a bob each way for now and lets see how they go.

[sb9]

http://www.scoop.co.nz/stories/BU180...s-on-track.htm

I find it difficult to split these two. ATM undoubtedly have superb growth prospects but the FY19 PE is materially higher than SML and SML will directly benefit from ATM's growth in certain key markets anyway as well as a number of other growth initiatives, one of which is detailed in the link above.

On the other hand ATM has very strong prospects both within the scope of the SML relationship and outside this through its new arrangements with Fonterra as well as growth from alternative dairy products.

Technically I think the chart of SML looks a LOT better than ATM, the latter of which could be a bit of a crowded trade.

Happy to have a bob each way for now and lets see how they go.

Non winners or losers today on par, both closed at 10.55....

Probably this should go on SML thread, surprised not to see an announcement from the company re the above news article.

[minimoke]

And there we have it. I ve made a parity buy of ATM at 10.00 and SML at 10.00. Lets see how many more fingers I loose with these knives.

Posted this less than a week ago. Didn't think Id see parity ever again. But a week later it is and at 10.55. Cant complain about that.