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  1. 22-11-2018, 03:55 PM #1781
    minimoke
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    Since SML supplies ATM, and ATMs supply into china (ATM's largest market) had uncertainty due to CBEC regulations it is fair to assume this uncertainty could also affect SML.

    Good news today though - that uncertainty has been removed and well summarised here with ATM's market announcement. https://www.nzx.com/announcements/327245
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  2. 22-11-2018, 03:59 PM #1782
    peat
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    Quote Originally Posted by minimoke View Post
    Since SML supplies ATM ...
    but it could supply anyone right ? Danone, Nestle, even Fonterra?
    For clarity, nothing I say is advice....
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  3. 22-11-2018, 04:15 PM #1783
    babymonster
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    now forget the FDA and sale them to other market...
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  4. 22-11-2018, 04:21 PM #1784
    minimoke
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    Quote Originally Posted by peat View Post
    but it could supply anyone right ? Danone, Nestle, even Fonterra?
    SML has a long term supply agreement with ATM and ATM is a substantial holder of SML.

    Fonterra role is to provide additional supply to ATM that SML cant meet.

    Worth noting that ATM manages their stock / inventory going into markets like Chinas 11/11 day. This results in supply running out within 2 hours of opening, This doesn't mean there is no supply from SML - it is simply that it is being managed.
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  5. 22-11-2018, 09:01 PM #1785
    Beagle
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    Quote Originally Posted by minimoke View Post
    SML has a long term supply agreement with ATM and ATM is a substantial holder of SML.

    Fonterra role is to provide additional supply to ATM that SML cant meet.

    Worth noting that ATM manages their stock / inventory going into markets like Chinas 11/11 day. This results in supply running out within 2 hours of opening, This doesn't mean there is no supply from SML - it is simply that it is being managed.
    Yeap, stock outages are a way to boost market hype. Watched an interesting segment on Canada Goose (google them) on CNBC the other day. Chinese people queuing up on the street for hours to get their Canada goose jacket at U.S. 1,000 each...hoping they wouldn't run out of stock before they managed to get in the door...all part of a marketing hype.
    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
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  6. 22-11-2018, 10:35 PM #1786
    peat
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    Quote Originally Posted by minimoke View Post
    SML has a long term supply agreement with ATM and ATM is a substantial holder of SML.
    Yes understood, but my point is that other parties will also be interested in SML's products should the opportunity present itself for whatever reason. eg this Munchkin Inc announcement today.
    Last edited by peat; 22-11-2018 at 11:51 PM.
    For clarity, nothing I say is advice....
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  7. 27-11-2018, 04:57 PM #1787
    minimoke
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    Market seems to be expecting poor news tomorrow - down a couple of percent today. I cant make the meeting so hopefully a ST'er who can attend update as as news comes up.
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  8. 28-11-2018, 12:55 PM #1788
    winner69
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    When we going to get the exciting profit guidance. ...just before the meeting starts?

    When’s that
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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  9. 28-11-2018, 01:00 PM #1789
    minimoke
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    Quote Originally Posted by winner69 View Post
    When we going to get the exciting profit guidance. ...just before the meeting starts?

    When’s that
    1.00pm - its late!
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  10. 28-11-2018, 01:05 PM #1790
    minimoke
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    Expect Infant Formula production to go from 35580mt to 41000-45000mt in 2019

    Guidance for FY19 remains an increase in profit but not as substantial asthis year’s increase
    Last edited by minimoke; 28-11-2018 at 01:06 PM.
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