Are incoming shareholders buying those shares effectively being "milked" :)
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It is probably a bad look too to offer her 4mil cash up front to get her over to A2. Shareholders probably won't be happy either. It is a case of poor judgement by the board I think.
Unfortunately finding people to run a big NZ company is huge and the pool of great CEOs is small. I think the money is ridiculous, but that is what CEOs get paid worldwide. We all need to compete to get the best CEOs with great financial packages (even though I think it is wrong, but whinging about it just makes me not a happy person).
Thanks very much for posting this SB9.
time for everyone to move on.
I will add for a few of you taking a bit more time off, away from share prices and the market might be a good idea. If you believe in the business share price volatility is not a good reason to divest shares or not purchase.
If management give you a rational, cogent reason for their action/s and theirs no obvious reason they are wrong or trying to decieve you it might be better to take their word at face value. You have trusted them up till now and with good reason they have produced amazing results.
Yes I do agree and for all of them they usually try their hardest to do well for the company. I just struggle with their remuneration packages not only for this company, but loads of companies. As I said I disagree how much they get paid, but so is life and I just need to move along.
Thanks Ggcc. I should rephrase. Re poor judgement of the BOD. They probably did not foresee that the shareholders/media reacted so strongly about it (how could they not, right?)
Personally I did not think 4mil plus was excessive to get a good CEO, given the money that this company is making. Time will tell if she is any good. I can't wait to the next round of announcement.
The force is strong with this company, despite misgivings, it is looking like sentiment is bottoming today, and it's still above this months low price. Go figure. If you're looking for an entry or top up SP.
Emotion is so hard to avoid, but it's essential to do so. It's your money
I am not sure "exciting" is the word I would use in investing... It got me in trouble many times over. I am more of a steady pace kinda guy. I have always have faith in this management till this episode. I have questioned if I should hold on or time to get out. The more I think about it, Jayne either so blind or so smart to sell all of her shares then follow by a string of poor result. This would prompt some sort of investigation, wouldn't it?
We been told the over head in 2019 will be higher, how high?Tthe word the management used was "slightly". How well is the company doing? They said it is in line with their forecast. What are those all means anyway? It is no way for me to know how well is this company is doing. Since I have decided to own shares in A2... I will need to have faith in the management right? So for me the next round of announcement hopefully be so convincing that I should remain as a share holder or use the funds and invest in something else. So it is not excitement that I seek but certainty.
I always want the SP heading North, no matter what I say or how it might be perceived, but I have little confidence in the company for reasons I have previously stated and also because the "relationship mix" between cash, profit and sales alters during the business life cycle of a company. ATM hopefully still has a way to go before it gets to the maturity stage, but that assumes there are no headwinds/problems ahead. It may never get there. But then it may have a second coming. I'll wait till the next full year results are announced in order to get a better handle on the company moving forward. If G.I. Jayne doesn't do it for me and so far she hasn't, I'll take my profit and be boring and invest elsewhere. Time is ticking, just like the Brexit deadline.
I made regional CEO overseas for a fortune 500, just over ten years ago, I was in that role for three years, it was all consuming of my life, now a lot of lower level jobs are like that...time in the end is the currency we all face. I worked so hard to get the opportunity however the role I got was pure luck in the end, right people in right place at the right time really gave me the job over others...so few quality people get the chance. When you have fulfilled that kind of role you drop into such a small group. Boards are risk adverse they simply want someone that has the experience on that scale, so they do have to pay. The salaries now are rather self serving and in party reflect what happens overseas, the key difference is that places like the US you can be fired so quick and that was why they originally paid so high, two to three years was a good run and no guarantee that next job would be around the corner. That really does not apply in Australia or New Zealand, you really need to have a disaster in NZ to lose the job...so really they are now paid the higher income often with a longer tenure.
What has also changed is that you could not cash out your shares while in the role, legally I was able to however culturally it would have been career suicide to do this in the US. That is still the case over there with the people I keep in contact with... given our small capital market it does seem a strange culture and how remuneration is positioned here, smaller market like AIM in the UK are even more strict..rather than the casual approach to it here.
Kia ora Raz
An extremely enlightening and useful post. Thank you.
https://www.stuff.co.nz/business/far...others-cash-in
Good perspective.
BS however that Blackrock used the price weakness to load up. Sad how hopeless our financial journos are these days.
Very nice post and thanks
I do agree that it absorbs your life, it is the same as being self employed which I was for many years. I could not attend weddings, funerals had to be someone important and socialising was scarce. I lost many friends who just did not understand my sacrifices. I made what I consider good money and saved most of it. It must be the same for CEOs, many of the ones I know have had failed marriages due to their obligations, but they seem happy with the money side
apparently afr say herdlicker only needed to sell half the shares to meet tax bill
Something worth reading from Harbour Asset Managment:
Harbour Navigator: Postcard from China - The eCommerce growth model
https://www.harbourasset.co.nz/resea...-growth-model/
Yes I had already read it and highly recommend to all. Some really great scuttlebutt research and analysis going on there. Phillip Fisher would be proud
more company people selling
https://www.nzx.com/announcements/324442
Too many signs....I want to sell them so badly now. Maybe start off with selling half. They are 20% of my portfolio after all.
Listen: Kiwi dairy farms need to start producing A2 milk
https://www.nzherald.co.nz/the-count...ectid=12132190
More from Prof Woodford.
You guys don't understand how incredibly tough it is at the top...It simply isn't the done thing to be seen with the same Gucci handbag or dress twice. Then there's the cars...you need a different one for every day of the week you know and none of this rubbish made in Asia.
aus not happy about those handbags
Apparently if you gift anything over $1000 is a hassle-as last year there was a really big Anti-money laundering legal act that came into effect. I am not sure that AML Act apply to off market transfer of shares. Anyone know if there are any tax or AML implications/paperwork ?
"Originally Fonterra had a 50 per cent share in the key patent for A2, says Woodford but "they convinced themselves that A2 wasn't going anywhere."
Flogged it off for peanuts?:eek2:
There looks to be an opening for investors buying shares in an A2 conversion herd or three, fund/ co to be set up.
a2 Milk becomes first mainstream dairy brand to ditch plastic bottles in UK
https://www.google.co.uk/amp/s/amp.t...-paper-cartons
What is going on? Directors are reducing their holdings then came big boys loaded up shares.
The other day Blackrock announced 5% holding. Today its Pendal Group. 2 holders with >10% - must check registry to see how many big boys are holding.
Top 20 Shareholders as at 1/08/2018A2M
Shareholder Effective Date Capital (%) Shares Notes
HSBC Custody Nominees (Australia) Limited 1/08/2018 11.65 85,063,867
HSBC Nominees (New Zealand) Limited 1/08/2018 7.75 56,590,109
JP Morgan Chase Bank 1/08/2018 6.86 50,093,867
Citibank Nominees (NZ) Ltd 1/08/2018 5.82 42,497,201
J P Morgan Nominees Australia Limited 1/08/2018 5.18 37,804,044
Citicorp Nominees Pty Limited 1/08/2018 4.78 34,903,206
HSBC Nominees (New Zealand) Limited (I) 1/08/2018 4.70 34,327,070
National Nominees Limited 1/08/2018 2.87 20,970,143
Tea Custodians Limited 1/08/2018 2.60 19,003,535
Accident Compensation Corporation 1/08/2018 2.54 18,523,827
Citicorp Nominees Pty Limited (I) 1/08/2018 2.32 16,954,159
Cogent Nominees Limited 1/08/2018 2.13 15,553,381
National Nominees New Zealand Limited 1/08/2018 1.22 8,888,605
New Zealand Superannuation Fund Nominees Limited 1/08/2018 1.15 8,363,639
Premier Nominees Limited 1/08/2018 1.08 7,851,198
BNP Paribas Nominees Pty Ltd 1/08/2018 0.97 7,113,604
BNP Paribas Nominees NZ Limited 1/08/2018 0.87 6,372,718
Cogent Nominees (NZ) Limited 1/08/2018 0.52 3,805,950
Shareholders BuyingA2M
Name Date Previous (%) New (%) Shares Traded
BlackRock, Inc and related bodies corporate 21/09/2018 5.21
The Goldman Sachs Group, Inc. 16/08/2018 6.09 7.41 9,759,140
The Goldman Sachs Group, Inc. 8/08/2018 5.08 6.09 7,358,674
The Goldman Sachs Group, Inc. 2/08/2018 5.08
BlackRock, Inc and related bodies corporate 31/05/2018 5.03
Commonwealth Bank of Australia 29/05/2018 6.33 7.34 7,658,169
BlackRock, Inc and related bodies corporate 7/01/2018 5.00
Shareholders SellingA2M
Name Date Previous (%) New (%) Shares Traded
The Goldman Sachs Group, Inc. 21/08/2018 7.41
Colonial First State Asset Management (Australia) Limited 1/07/2018 5.35
BlackRock, Inc and related bodies corporate 5/06/2018 5.03
Colonial First State Asset Management (Australia) Limited 30/10/2017 6.38 5.35 7,180,952
Challenger Limited 28/09/2017 5.51
pendal group are active managers ... traders
Not sure if this has been shared yet but Morningstar brought out a video with them starting coverage
https://www.morningstar.com.au/Video...formula/170612
Latest Morningstar on ATM FYI sort of sums things up but IMO is a tab silent on USA and UK
https://www.morningstar.com.au/Video...formula/170612
nz bit optimistic at the moment
see weed reporting from Whangamata. Come on now all you shorters. We want more bargains. Keep up the good work:t_up:.
The Beagle prescription - a cuppa tea and a lie down.
Works every time.
Let's not be too judgemental, Muppett doesn't want the SP to go any lower. Understandable even if poorly expressed. I reckon this Exec selling sentiment will blow over in a day or so notwithstanding no more Troughers filling their snouts. Been a bad week or two for ATM shafting their loyal shareholders.
Good morning muppett.. All is forgiven. Have you not owned a2 for very long? It used to do this to me in the 50c days up and down 10 to 20c, which is about a 40% swing each time it went up and down. These days it can go up or down $1 which is less than a 10% swing. If you are a true follower of the a2 story, then these little swings should not effect you. a2 is just being a2 up and down like a yo yo. By the way, I have not sold any a2 shares in the last week, so maybe the bucket of water could be for all the muppetts who have sold recently including that johny come lately herdlicker. Again all is forgiven, and you could take advantage of the down swing. Have a nice day and a nice cup of a2. Ps Maybe I am the muppett for not selling;).
Good one Seeweed. Back in the day I bought A2 at 8c, then sold at 15c as my impatience could not handle the swings. Thought I’d done really well at the time!!! A bit different now? Well no, still more of the same until product benefits are more proven. What keeps me there is the potential -the huge size of the chinese IF market, the fact that some 30% of humans have serious allergy food related digestion problems and anecdotally some get relief from A2 milk. The sp jumped when Fonterra climbed aboard with expected big things to happen. Never been a fan of F’s marketing ability. I expect the A2 sp to return to trend when their previous price trend catches up with the ‘F’ blip reaction, a bit like watching the Auckland house prices return to trend after the prices of recent years. I believe eventually all cow milk produced in NZ will come from A2 cows, still awhile away though.
reached critical zone on the asx , could be a
fall if it breaks
Looking at the volumes it's just shorters and retail fish playing the games, big boys doing nothing.
should test the lows of the range again sometime .... anyway nice break down thx herdeee
Yeha. Ma hats gonna flying, the chaps worn bare but Ima hangin' onto this bronco with a firm steely pairs o' hands!
My 1st step into shares. Bought some at $11.18. Wish me luck
Still holding so far as I believe it will rebound as I feel this is an overreaction on the CEO. Once it goes up it will bounce up very quick as long as the fundamentals don’t change and if they scale backwards on fundamentals shareholders will ask CEO please explain the sell down better
good volume in aus perhaps our new CEO has paid her tax bill and bought back in,time will tell
Dear Jayne, Thank you for facilitating the loss of near a billion off the companies market cap, I'm sure you have done wonders for the sale of antidepressants this week as well. Be sure to enjoy a lavish carefree weekend without giving a toss about where the SP is at(After all you don't own any) I'm sure your shining example will be the inspiration for many other CEOs out there. Yours Grudgingly Couta.
the ceo is smart lady , she new it was overvalued stock with a too high pe and she cashed in. insiders generally know better than retail i guess
The SP is back to where it was early Sep before it 'took off'.
Before she sold anything.
Maybe some rationality has creeped back in?
Maybe her selling was just the trigger that was needed to make people see sense?
If you are really bullish on this stock then it has created an ideal opportunity to buy more at sale prices.
$340mil in cash and retained earnings of $290mil and EPS of 27c what will there dividend strategy be when they do pay. At 40% of retained earnings could be between 10.8c and 16c
Money isn't everything - and for those to whom it comes easy it tends to depart just as easy, but those of us who worked a little harder for it tend to treat it with a little more respect.
Talked to someone today who had early dealings with SML and was impressed with culture within the company - happy dedicated staff. Not sure what it is like at A2 but one would imagine the board set the tone that flows down. Important for the long term health of a company.
Disaster of a week for A2.