A high flyer called Jayne came to work
and milk A2 for all it was worth
the shares in her hand
sold for a few grand
and the share price came back down to earth.
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A high flyer called Jayne came to work
and milk A2 for all it was worth
the shares in her hand
sold for a few grand
and the share price came back down to earth.
The spotty leopard had a break
and went and ate a lot of steak
the mysteries of life posed him no strife
and he came back a poet without even knowing it :p
Classic stuff.
Enjoyed it.
Many view that the board and Jayne's behaviour to date appears an inept, inauspicious beginning.
Many tend to agree, too little thought seems apparent by those at the top.
Lets hope the payoffs from strategic and operational choices by the same group in the future for ATM more than make up the lost sharecap.
How does one go about including a item on the agenda of the forth coming AGM censoring the CEO for her ill timed decisions in selling her gifted shares so soon after her appointment to her new role ?
Not sure how many CEO”s of companies in excess of $1billion market capitalisation has a base salary of $1.5 million(is that what she gets?)... if that’s the case then the only way she can make money is to sell their equity options..I guess..
I would not like to be her in this up and coming AGM. It will be civil, but there will be some hard questions coming her way (well one would hope so). Many CEOS of major companies have a tough exterior which takes a lot to penetrate, but they are human and have emotions.
Many shareholders have lost money since she sold and if she did not need it all for tax purposes, why did she sell all her shares? Does she see the share price falling in the future due to lagging sales? These are some of the questions I would love answered from her.
Could be worse https://www.nzherald.co.nz/business/...417&ref=NZH_fb
Fresh A2 Milk in Christchurch this week, well I think it was A2, hinding down on second to bottom shelf. Attachment 10010
When was this photo taken? Milk goes off in a few days if just taken today...
Sour as Elon Musk ah. Serious I am holding and have an unrealised loss this past week on my parcel, at some point you do have to laugh how perverse the situation is, this whole thing by the board has been amateur hour IMHO. I have enjoy the response by many people including their wit and humour on the thread given the circumstance. Go on find that winning attitude again:)
A bad month for ATM this month but it is still up by over 7% over your two month Aug-Sept period (and SML finished the 2 month period about even.) So the milkugly stick was not as ugly as some other holdings over the period?
My FPH holding performed worse than my ATM over that period.
Milky White is a delicious thing with creamy scrumptiousness rising to the top. So thats my expectation - SP gently rising even when some bugger shakes the bottle. I'm hoping there's no long term exposure to the Milkugly Stick as it may just cause this thing to curdle. Gently shaken, not whipped is the secret!
not looking like a good start to week for the asx at the moment
NZ officials keep a watching brief on China e-commerce rules
maybe a warning sign for a2
https://www.nzherald.co.nz/business/...ectid=12133682
Different ways you can look at this. Comvita and Synlait executives don't seem concerned and believe it could be benificial and Jayne is a recidivist trougher so nothing can be reliably implied from her recent misdemeanors. Is the glass half full, half empty or simply half a glass ? It all depends upon your perspective and guess what ? confirmation bias is a very powerful subliminal force that very easily shapes ones perspective. Keeping an open mind is much much harder than anyone really wants to acknowledge.
Australia markets will be opening at 1pm NZ time as their DST doesn't start till next Sunday
Here's another viewpoint for those with open minds from 'Tough Day' over in the Hot Copper thread FYI.
"I’m not happy with the CEO or Directors selling shares either but
I’m sure nothing sinister with the shares being sold or her CEO business career is finished!!
Let alone possible class actions against the company for insider trading etc.., there is no way Peter Nathan or the rest of the BOD would allow that to happen otherwise it would be career suicide for themselves as well
The whole BOD are all on a winning Tatts ticket (as JH said ) and there is no way they will risk it for anyone or anything!!
The BOD wanted JH and she had her terms and conditions to be the new CEO!
JH has her families financial reasons for selling the shares, the BOD knew what was going to happen once the shares were sold and they accepted this knowing long term JH is the right person to lead the company forward!!
More importantly a2 IF according to my sources and research is that supply is increasing strategically but demand is quadrupling $$
Empty shelves are proving this and Synlait is running 3 shifts a day to be operational 24 hours a day, they bought a new plant which was being built at the time and is now operating and they are building a new plant
Remembering we own 17% + of Synlait so we’re winning there too
A few years ago a2m revenue was in 2015 $155m now reports are saying 2019 could be $1.3B + with forecasts of compounding growth at 20% next 10 years
I think we’re going pretty good if your expecting better your not being realistic or just a shorter playing Russian roulette .....
....We all have a winning ticket just be a long term holder and you will win"
(Disc holding)
After looking ar Mr Beagles comments regarding the glass half full etc, it got me thinking of the old cadbury's glass and a half advertising.Wonder what A2 chocolate would be like.Perhaps the hound could sniff out the pipeline and see if there are any plans for some choccy treats!
Hi steveb, I asked Geoff B that question a couple of years ago at the AGM. But cannot remember the exact answer. I think they may have been content pushing the inf. form. where the money is... China,Aussi etc.(Forest was there that day, he might remember). But down the track maybe choc. milk. I believe would sell like hot cakes. So we can sell healthy a2 to the a2 drinkers, and choc. a2 to the rest who don't normally drink a2 but like drinking chocolate whether a1 or a2. Win win with a grin.:)
Think they already do chocolate milk in the US.
Thought I should try and cheer a few people up with a few reviews, https://www.productreview.com.au/p/a2-full-cream.html
Some of them do really highlight the power of the brand, with numerous people advising only to go for the bona fide A2 branded milk.
Early days, but it will be interesting to see how the new USA Mexico Canada Trade deal pans out for A2. Here's what CNN is reporting today;
"In a win for the United States, USMCA will open up some of Canada's dairy market to US farmers. The issue was a big sticking point between the two negotiating teams.
Under the original NAFTA, Canada limited how much milk, cheese and other dairy products could come in from the United States.
But under the updated agreement, Canada will set new quotas for the United States. It will increase market access for US dairy, poultry and eggs. In return, the United States will allow more Canadian dairy, peanuts and peanut products, and a limited amount of sugar to cross the border, according to a document from US Trade Representative's Office.
Canada has also agreed to end a system that had kept the price of some milk products, including milk protein, low. This change will also allow more US dairy products to enter the Canadian market."
Beagles have a very sharp nose for edible goodies. That is why MPI use them at the border.
Morningstar say cheap cheap ...on their top 10 list
http://www.sharechat.co.nz/article/7...stralia-nzhtml
Director, Peter Hinton also selling: 25,000 sold on 26/9. Leaves him with 625,000
Hey bull I was just about to top up it's $11.08,do you think it will break the $11.00 mark?
Another director selling....ehmmm
I don’t like how all these directors are selling, but honestly directors don’t know what people are prepared to pay for a share more than you and I. They maybe undervalued or overvalued.... They only have small windows of opportunity to sell their shares and usually if one does the flock follow. This director only sold 25000 shares of his huge amount, no need to panic about that amount possibly a good time to buy if you believe the story
https://youtu.be/FGMkEfuWZHM
This reminded me so much about this video. I hope the link works. It may not be pg so please I apologise if it offends anyone
savage sell down into the close in aus .... 10.82 nz?
I'm getting sorely tempted to sell my long term holding bought at $8, my recent parcel bought at $11.80 would remain because they are heavily submerged. I have very little confidence in the Captains ability to avoid icebergs or to repeat hitting one on purpose like she recently did.
Calm and patience, the buying opportunity is emerging. Todays collapse to the long term MA and then close below on another Director's sell is setting the stage for an entry/re-entry/top up depending on one circumstances. The insiders selling started weeks ago, it was the trigger to lighten up immediately. But ignore the noise, the demand for A2 milk isn't going away anytime soon. Decisions decisions.
When time comes, every shareholder will cashing in. It doesn't mean that the future of the SP is not going to go up, just when we need the fund, we will have to sell. I can't show the bank the paper gain as my part of my income when applying for a mortgage right?
I don't care either as long as I don't make a loss, as far as the future goes we need a crystal ball to get that correct and clear ,IMO the big gains have come and gone the SP went from just under $4 to over $14 in a rapid fashion, future gains will more likely be two steps forward and one and a half backward. A CEO who has been earning Massive amounts of money over a long period yet needs to sell her Entire holding to cover a few bills gives all the wrong messages to the market and loyal shareholders, I'm struggling to reconcile her actions and feel confident at the same time.
I'm no expert, don't know all the players etc... but as the guy on Morningstar (Fetch ?) said in the video (posted on here by someone), there are other "bigger overseas companies with deeper pockets" in China. Danone etc...
A2M has first mover advantage.
When every farmer has only A2 cows ....... problems for A2.
Might be even sooner than that, as that would be a long way away.
Need to make hay while you can.
G.I Jayne has now officially become the billion dollar woman, can we rebuild her, I'm not sure. Has any other CEO in history wiped a billion off the market cap of a company in such a short space of time before their maiden speech, not sure but unlikely. Time for a hot chocolate and a biscuit, night all.
Very difficult to value a high growth share like ATM, you can make all sorts of assumptions and get almost any valuation you want.
Currently my best guess would be just under $10 now looking at something near $12 a year out.
Mind you my last buy was $2.45, I sold down to keep the portfolio in balance and I am in no rush to top up.
I would be interested if it gets into the $8.XX range.
All just my opinion, of course, it is the one that really matters to me :).
yeh I agree with those levels SL
I was looking at ATM today but it still seems very expensive (and I do understand why) but just makes me uncomfortable as a reasonably conservative investor.
I was thinking a bit lower before I would be tempted
A reason I didn't invest a month or 2 ago was because they said that their big investment in the USA wouldn't be cash flow positive for a couple more years.So I thought the share may drop back.
Did anyone else notice that?
Seems ATM has gone from 'can't beat it, best company there ever was with awesome prospects' to 'dump and run for the hills' very quickly.
Couta1 - I can't see how you seperate your parcels of shares. When you sell do you specify particular ones to sell (the one brought at $8)? As far as I can see you have dollar cost averaged and none will sell at a loss at the moment. If you think the parcel purchased at $11.80 is going to go up (won't sell at a loss so you must think they will go up) why wouldn't the parcel brought at $8 go up also and be worth even more than they are now.
Seems like woolley thinking by a very sensible person. I suppose it can happen to us all.
Isn’t this what happens when realisation hits home that the hype has driven the share price to outrageous heights.
Just drifting back to more sensible / realistic value ......like Synlait is but it’s shareprice has got more downside from here than ATM
The Listener this week seems to be saying that dairy could be good for your heart ...must read the story and not just the cover
Couta if you are so concerned about calamity Jane - then of course you should sell
If you are concerned that the Board and other experienced managers were not aware of her intentions and do not support her actions - then of course you should sell.
If you don't believe forward P/E projections based on FY19 $1.2 to $1.5 Bill earnings - then of course you should sell
If you can't see any benefit in the lower NZ $ - then of course you should sell
If you can't see any benefits in the high margins, cash reserves and increasing wealth in shares held in SML - then of course you should sell.
If you see Chinese market risks outweighing Chinese market share and sales growth - then of course you should sell.
It was the board that decided on her appointment and her entitlement to to the "welcome aboard" share entitlement that could be sold at first opportunity. I don't have faith in them.
I guess we are still positive if we are still talking about it. I am ok even the PS is back $10 but I just hope she is not turning ATM into BAL (-60% currently). it seems the market lost the trust/confidence for sure and I don't believe this will be recovered in a short time. what is leadership? there are many companies make the loss for many years but people still believe them/board/team/CEO. I will call that is a good leadership. ATM is going other way........
A few weeks in now and I would have expected some "good news" announcement from the CEO to help turn the tide. All we have had is silence - that's not very creative
hammer time broken the 200d in aus see what happens
I wanted to sell half of my ATM since yesterday morning but I have issues with ANZ Securities and since then the SP dropped like a hammer. I'm about to shout someone's ear off.
atm broken down thru the 200d sma .... bad
The CEO said the reason for the delay in profitability was due to taking more aggressive growth strategy due to success seen in this market. Everything seems to be tracking along very nicely other than some disappointing moves from a certain few in management. For investors I see no reason to panic.
My previous queries re possible dual branding (and pricing) of A2 Milk in NZ appear to be getting resolved.
Fresha Valley's cheaper A2 Protien milk has now disappeared from my local supermarket, replaced by Anchor A2 at approx $2.00 dearer.
Anyone else noticing this switch?
Howabout a bit of shopping at your local Countdown Internet store
My mouth is feeling a bit fresher now as I managed to spit out quite a bit of that petrol taste so far today, let's see what the Aussies do this arvo, might even have a completely fresh tasting mouth by the end of the day.Lol.
OMG! :eek2: Well good on you for following your instincts! I admit to selling a few yesterday at $11.40 before the big slide began and very pleased I did. Trouble is it will probably jump straight back up to $11.80 tomorrow! WTF would know! Certainly wont be buying anymore though.
I have noticed the Fresha Valley milk sells out everyday, hence why hard to get
Looking real ugly.
Very hard to think of D Ting this atm.
Hasn't hit the 6 months low yet. $10.12c on 2/8/18. Only scored 1300 that day. The next day had to pay 10.46, then 11.22 on 15/8/18, then 12.68 on 29/8/18:eek2:. All good fun rides in the looney park.
My plan is to keep holding while these ups and downs happen..... for now. Unless the company announces something to the detriment of shareholders. It is still below my purchase price average. Still gut wrenching to see the sp fluctuate so much on no news other than the CEO selling out her company........ I mean shares sorry for that ahem.