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09-04-2018, 07:51 AM
#8131
http://www.nzherald.co.nz/business/n...ectid=12028460
a2 milk faces tougher road ahead
totally agree with the article
one step ahead of the herd
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09-04-2018, 08:17 AM
#8132
Originally Posted by bull....
I agree with the article as well, however increased competition is healthy. It may also prove that A1 free milk is the future, that is if others are hopping on the bandwagon in their droves....
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09-04-2018, 08:33 AM
#8133
Originally Posted by Ggcc
I agree with the article as well, however increased competition is healthy. It may also prove that A1 free milk is the future, that is if others are hopping on the bandwagon in their droves....
When A1 free becomes the norm it will no longer bag a margin over A1 - it will become the basic commodity at commodity pricing.
Not so good if you want A2 to be a 'special' product at the premium 'special' products enjoy.
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09-04-2018, 08:36 AM
#8134
Member
reckon we are still years away from that though
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09-04-2018, 08:50 AM
#8135
Originally Posted by bull....
The article (actually PR release by Devon) is certainly noteworthy and all ATM shareholders should seriously consider the issues raised - but keep some perspective and balance on what it really means for ATM.
Question - why would Devon be so generous to share their negative research with the market?
Being ever cynical, one has to assume that Devon has either sold out of ATM or shorted the stock - which is their right and prerogative.
To give balance to the article, Devon must disclose its interest however - is it a shareholder or has it shorted the stock?
One has to be cynical these days with fund managers - we all saw Milford, the doyen of the NZ fund management industry sold out of DIL and then, spent a fair bit of time badmouthing the company in print and on air. Rumours swept the market at one stage that Milford was actually looking to buy back when the share price was crunched down to below $3.00 at one stage. Milford denied the rumours. Readers would note that Diligent subsequently was sold for $7.40.
Footnote : https://devonfunds.co.nz/sites/defau...y%20Report.pdf
Devon Alpha fund's poor performance - obviously had too much PEB and no (not enough) ATM?
Last edited by Balance; 09-04-2018 at 08:54 AM.
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09-04-2018, 09:15 AM
#8136
Devon, yeah, nah, ATM let's do this.PS-Harbour Assett Management have upped their stake, and I give them a whole heap more credence than Devon.
Last edited by couta1; 09-04-2018 at 09:29 AM.
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09-04-2018, 09:16 AM
#8137
One of the interesting aspects of the article is that it states that with the 'size and seriousness of Nestle as a global company, it is unlikely to break basic patent law', they have completely neglected the basic trademark issue of Atwo vs A2 issue. Again Nestle are not a tinpot outfit and know what they are doing, but surely are spoiling for a fight on this one??
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09-04-2018, 09:42 AM
#8138
Harbour asset management are one of the biggest shareholders in ATM and their performance for the year greatly exceeds Devon for the year to 31 March 2018.
Looking further back Devon's performance is most underwhelming compared to Harbour for any comparison you care to make, 2, 3, or 5 years
Which fund managers view would you trust ?
Last edited by Beagle; 09-04-2018 at 09:43 AM.
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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09-04-2018, 09:46 AM
#8139
exactly my point is harbours outperformance intirely due to overweight position in a2 ?
one step ahead of the herd
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09-04-2018, 09:50 AM
#8140
Originally Posted by dobby41
When A1 free becomes the norm it will no longer bag a margin over A1 - it will become the basic commodity at commodity pricing.
Not so good if you want A2 to be a 'special' product at the premium 'special' products enjoy.
That will be ages away. Things move slowly in the world and people don’t like forced change.
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