What does all this say about the market being continuously informed?
With a 24% jump it seems to me that the market had no idea of what the result was likely to be.
Or is it the Fonterra news that has driven this rise?
Result was in line with expectations and outlook wasn't hugely detailed, so yes I think it's mostly the fonterra news driving things. Eases a lot of concerns about supply and opens up new markets and products.
Will it be in the eyes of overseas companies for takeover? We see this as a huge company, but some overseas investment groups could swallow this up say at $15-$20 per share
Result was in line with expectations and outlook wasn't hugely detailed, so yes I think it's mostly the fonterra news driving things. Eases a lot of concerns about supply and opens up new markets and products.
Goldman Sachs, arguably the most bullish on A2M had their forecasts smashed.
Beat EBITDA estimate by 20+% and Sales estimate by 10%... beat gross margin estimate by 13 bps.
Australia almost closed 30% up in one day......... over $12 tomorrow morning in Nz . It baffles me that this company maybe well over $15 by the end of the year if numbers keeps coming
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