Sometimes I enjoyed this forum..but a lot of rampers that created chaos n make people sell in loss....remember guys..many of people here are also new investors...
Learn to differentiate between rampers and those who offer genuine thoughts and experiences.
Sometimes I enjoyed this forum..but a lot of rampers that created chaos n make people sell in loss....remember guys..many of people here are also new investors...
You could give yourself whiplash trying to follow the opinions on this forum from one day to the next.
While the new CEO was busy coming up with a pretty new rainbow color, the new CEO of ATM was busy screwing them over on margin.
I am trying to recall if this is my bad that I can't recall it or whether this new lower margin ATM supply contract has previously been communicated to the market at any stage ?
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I am trying to recall if this is my bad that I can't recall it or whether this new lower margin ATM supply contract has previously been communicated to the market at any stage ?
I don't recall that being communicated to the market, as they say the agreement is confidential.
Anyone here managed to listen to conf call hosted by CEO and CFO this morning, was bit busy myself with other things.
Phew looks like we hit the bottom today, unless ASX feels angrier than us.....
Just had a further thought. ATM def screwed up SML with margin but it is a minimum 5year exclusive supply contract and it is actually a valuable contract to SML. It has made the GP look bad for now but in a couple of years SML will still enjoy an increase in supply to ATM as well as an increase in profit. ATM has a siginificany stake in SML and I dont think they want to see a decrease in their investment.
Originally Posted by minimoke
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