ATM - A2 Milk Corporation Limited

[mfd]

How many $m though ....and a drag on that very important margin eh

Half year expected to be 27 million, currently significantly smaller than the China business but huge potential. This will be 110% up on the pcp. I'd be very disappointed if they turned away from the US at this time.

[Balance]

Appears instos got to the Board

Instos are a danger ....generally only worried about the short term and don’t have the patience to see a medium to long term vision/strategy play out

Don’t under estimate the influence that UBS has over A2’s future

There is definitely more to the situation than Jane quitting because she was unprepared for the amount of traveling required to do the job.

Come on - she is a change agent, highly regarded in her previous roles and was head-hunted out of Qantas by ATM to lead the company to its next phase of growth.

And the next phase of growth strategy put in place by her involves US (in place of UK) and greater emphasis on China (no additional travel required).

Looks to me like it is a case of the instos and in turn, the board getting cold feet over the growth strategy indeed.

I was one of those spooked by the heavy spend in the US as part of the growth strategy - the US being a graveyard of many a NZ companies' growth ambitions. But that's just me.

Meanwhile, I am with W69 - we are seeing some on this forum who were keen supporters of the growth strategy under Jane now turning personal on her - not a good look.

[longy]

Do you think a golden handshake would not have occurred?

Yes it already has apparently. It will be announced later date to the public. So did she get the boot? I am just wondering.

[bull....]

Appears instos got to the Board

Instos are a danger ....generally only worried about the short term and don’t have the patience to see a medium to long term vision/strategy play out

Don’t under estimate the influence that UBS has over A2’s future

your probably right , some instos want short term share price performance to boost there own returns at any cost. even if it is to the detriment of the company long term.

its easier to defend a big market share when you have no big competitors yet seriously in the space than to try to defend a smaller market share against bigger and more resourced companies when they agressively pursue the space.

[Balance]

Iit probably going to save the company some 5 mil plus as well.. "Hrdlicka's abrupt departure ensures she'll probably lose 410,099 a2 performance rights, on Monday worth $5.7 million"

Jane joined on 16 July 2018 when ATM's sp was $10.75 - it is now $14.62, was $15.15 before the shock announcement.

That's 36% up or $2.92 billion increase in market capitalization.

Contrary to whatever others may think, I think she deserved every cent of what she was paid - it is less than 1% of the wealth created under her term.

The Board needs to explain better the circumstances of her departure - something smells very badly.

[couta1]

Yes it already has apparently. It will be announced later date to the public. So did she get the boot? I am just wondering.

She was rolled for sure but anyway no point wasting anymore energy over spilt milk, its onward and upward as they say with a proven/trustworthy Captain at the helm, next big piece of news is hopefully inclusion into the ASX 50 which means the sp wont be staying down for too much longer.

[couta1]

Jane joined on 16 July 2018 when ATM's sp was $10.75 - it is now $14.62.

That's 36% up or $2.92 billion increase in market capitalization.

Contrary to whatever others may think, I think she deserved every cent of what she was paid.

The Board needs to explain better the circumstances of her departure - something smells very badly.

Lol ,but if she had never joined A2 the sp would likely be near $20 by now.

[bull....]

its not normal to have a great company so heavily shorted , 9% of the company is now shorted and has increase 2% in just the last few weeks. so some people are betting this company has lost the plot big time.

[Balance]

Lol ,but if she had never joined A2 the sp would likely be near $20 by now.

Or it could be $10.00.

She has her fan base in the Australian institutional investors' market.

Point is, she has done her job - it is a really bad look for those who supported her growth strategy to be putting the boot in now.

Bad bad look.

Let's be critical and examine what the Board has done and why they have done it - and what's the strategy going forward.

Being objective here - I am on the sidelines now.

[winner69]

The wonders of modern global communication and travel

Board has 1 based in UK (Chair), one based in Australia, 1 based in China and 2 in NZ

Nice cosy chats