Is it just the cows being milked or are shareholders being milked by management too and is there any sign that this will change in the future ?
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Is it just the cows being milked or are shareholders being milked by management too and is there any sign that this will change in the future ?
Only those holding with a low average buy in can feel really comfortable holding this stock through the extreme volatility eg under say $7. You have two different animals commenting on this thread and that creates a men are from Mars and woman from Venus type reality. PS-More like Pluto right now though.
No worries. I find in Napier Fresher Valley is all sold out by 5pm, usually @16 bottles on shelf if full, so have to go earlier in day to secure my supply. In there yesterday and noted Fresher Valley all gone, and one Fonterra A2 bottle sold (right next to Fresher). So will be interested to see what sales numbers on Fonterra A2 are like since a big difference in price.
Most of the milking has been done by the shareholders themselves. The management is only a small percentage. The shareholder shorters are probably helping bring it down too. We been through this all before. Pretty soon the tide will turn and everybody will be tripping over each other to get back in. Only a few weeks now before next update on how well they are doing. So start accum. some now. Get in before the rush;).
agree we have seen it before,but a correction was due,and I don't see it getting back up to your last buy @$12.68 for a good while,mid to late $11 would be my pick,unlesssss the next update is superb but that's now where the doubt is with directors selling!
HoHum
looks the bubble has burst, dont know of many if any milk companies that trade on such high pe and esp sml a manufacture on such a high pe unheard off.
Anyone tried ringing the A2 number on anz Securities under their contact number in the detailed section. They have nothing to do with A2. Just ring ANZ Securities to rectify this
Hi mate...its good to see you back on the forum commenting on a more regular basis. I am a firm believer that the CEO sets the tone and is a big player in setting the culture of the company. I liked Geoff Babbage. He worked hard and created a huge amount of value for shareholders.
Hrdlicka comes with the "mighty" JetStar as her pedigree and has immediately set out to set a tone of milking shareholders for everything she can get out of the company as soon as she can get it. She has set a tone of management greed by her salary and incentive package and by immediately selling all her vested shares. A change of CEO is as good a time as any (any probably vastly better than most) to reconsider one's strategy don't you think ?
The shares have had a MASSIVE run in recent years...maybe an awful lot of future growth is already priced in, what do you think ?
Forward PE is about 30 which suggests its priced for ongoing strong growth. What if the new ecommerce rules impinge upon the daigou trade and ATM's IF sales decline ?
Well said Beagle, I wouldn't trust her anymore than a bull in a China shop.
i dont think AGM will change anything. the new CEO will keep doing what she likes because she believes it is her right. we see what happens when she needs help from shareholders. does anyone know the total % of shares held by management? Do they have enough power/shares to reject a take-over offer without a vote? I guess big boys are watching.
Yes but look what a dog of an airline JetStar is only flew them once across the Tasman delayed both ways 4 hours on the way back to Auckland,with no explanations.So if she brings with her the JetStar attitude of they are only customers who gives a s**t, then we are in trouble.Why the board would offer her a job in the first place is beyond comprehension.
shorts hitting a new recent record , massive short sales last week was a good clue for this week
https://www.shortman.com.au/stock?q=a2m
I have no respect whatsoever for Jetheap or their business model. In my experience their staff simply couldn't care less and the planes themselves are very old, very dirty and very cramped. I won't fly them at any price as a matter of principle. Hrdlicker coming from leading a company with that culture is deeply concerning.
I know we are hurting - but look back a bit at the time of her appointment through to the time just before she knocked off her shares. Lots and lots of positive bullish comments at the appointment then.
We now have the benefit of hindsight - which is why I am looking for some statement from ATM to reverse this negative movement which is now solidifying into a trend. Sadly not much seems to be coming.My patience is beginning to wear thin. May not be long before my holding goes on the block.
Foolishly I have let sentiment override my objective stoploss. So only decision now is how much more am I prepared to give away. Not much more!
Personally I never was bullish or in favour of her appointment, it just seemed so out of place like trying to fit a square peg into a round hole. Probably near the bottom mm but the question is how much upside is there over the next while and where will it go on any further negative news?
exactly - a couple of positive updates / progress statements from management will turn this around tomorrow (hopefully).
down to 10.50 in nz for tomorrow at the moment the broker downgrade in aus is killing it
Sold half my holding at VWAP today, thought it might bounce so held the rest, looks like an ugly Aussie close, reckon I'll just bale out completely tomorrow, it appears this stock is being rerated due to the action of the CEO and uncertainty.
So now I have more SML than ATM....is that a bad idea...:confused:
Sellers tomorrow might get a shock if the open is around the ASX close. Got hammered well into the big Gap, double bottom support around A$9.20 (NZ$10) which is also 61.8% fib retrace. Bottom of the Gap is about $A8.75 (NZ$9.5)
Attachment 10021
Close $A9.54 - according to ANZ the interbank exchange rate at time of writing this is 0.9175 = $10.40 Kiwi rounded to the nearest cent.
Remind me again someone please, when's the annual meeting ?
AGM is on the 20 November.
Sold half my holding at 11.50, luckily just as it started to decline. Now have a stop loss in place so if this drops any further I am out.
UBS renowed for shorting just hit the register
https://www.nzx.com/announcements/324887
I just fired off a letter to the company as a pi$$ed off shareholder. Won't do any good, but made me feel better...... ;)
Anyone going to the AGM can use my proxy to ask the following:
Question to David Hearn. Does he stand by all his Boards recruitment considerations and actions in selecting Jayne Hrdliker as Chief Executive Officer?
Question to David Hearn. Does he stand by his Chief Executive Officers decision to sell 100% of her shareholding in ATM on 28 August and 3 September for an average price of $12.20.
Question to David Hearn. Does he and the Board consider the judgment shown by the Chief Executive Officer in the sale of 100% of her shareholding to be the type of judgement expected for the CEO of the company.
Question to David Hearn. Does he see the CEO’s 100% sell off as contributor to the subsequent free fall of the share price to a low of $10.40
Question to Jayn Hrdlicker. Does she stand by her decision to sell 100% of her shares on 28 August and 3 September?
Question to Jayn Hrdlicker. Does she consider that her decision to sell 100% of her shares contributed to a drop on company value from $8,964,527,023 to $7,641,891,888. A loss of $1.3b
Question to Jayn Hrdlicker. Does she have any plans to recover $1.3b loss in shareholder since she sold her share and if so what are those plans.
Question to Jayn Hrdlicker. How is your new deck looking?
nz has recently held up only in the afternoon to be taken down , the nz instos must be getting a pounding i reckon from the aus and asians on this
"New Zealand shares fell for a fourth day as A2 Milk Co remains out of favour after recent selling by its chief executive and a director.". she will NOT stop with 1B CEO and this will drag entre NZX down. she offloaded all risks to others/market/shareholders - a typical US management style.
someone needs to take the blame either the BOD or CEO. it would not help anyone either way. it is too late to say, it would be a totally different result if she can prove her value first before thinking about the money. if a2 BOD needs to hire an airline CEO, they should consider AIR New Zealand first who is looking after the family. - this is NZ lifestyle. Ask yourself, what can you do without a stable family? more importantly what for?
now below aussie close ouch!
I think we need to start looking beyond the licker incident and ask will the change in Chinese ecommerce regulations significantly impact or possibly even shut off the daigou trade ?
Perhaps they did, I've cooled off a bit so are holding my remaining shares for now(Makes up about 10% of my portfolio now) It's quite sad that such a fantastic company like this has been undermined by its own CEO.PS-I must be progressing through the grief cycle moving from anger to sadness.
I think this has a lot to do with it. The announcement released earlier was in support of the change though and 'welcomed it'. If this is going to have a material affect on sales then the CEO is very brave (or stupid) to make an announcement welcoming the regulatory changes and then sell of every single share under her name. I'm sure a lawsuit will follow if this is how things play out.
Small rise ATM on an over sold situation , shorts could be scampering for cover once Aussie opens , hmmmmm !
She certainly hasn't walked the talk. Welcomed these new regulations with open arms (without even knowing the specific details and / or getting an English translation of same) so the talk looked like "contrived bravado" at the time. We all know that actions speak louder than words !
Great buying currently :) I'm still a happy holder ... happy to join the lynch mob to get a decent CEO though :D
I never managed to get out when I planned - Had a sell order in for $12.94 a few weeks ago, ticked up to $12.91 then the arse fell out of it...
Still holding my entire parcel (with an average buy price of $1.70) so not the end of the world. Going to continue to hold until I absolutely have to sell, or am happy with the price again. I do have a $100k invoice for building materials sitting in front of me but better to borrow money to pay it than realise a $25k hit to my paper profit and sell now.
Can't say I'm a happy holder, but a holder nonetheless.
This is not okay. You may be angry but that does not mean it is okay to talk about a lynch mob. Words do matter. For me it crosses the line into hate speech and inciting violence. As I have said previously I believe that part of the reason for the outrage expressed on this thread is because she is a woman. There would be more tolerance and acceptance if a man had done the same thing. We have the right to free speech but with that right comes responsibility. You can disagree but not intentionally insult. Would you say that to her face?
https://www.nzherald.co.nz/nz/news/a...ectid=11838436
Political Roundup: Freedom of speech vs PC culture
Marvelly's general argument is: "words matter. Words can combine, twist, percolate, compound and eventually incite violence or discrimination", and she is critical of "persuasive and malignant actors who use ugly rhetoric to whip fearful people into a frenzy for their own means."
LOL, I think your post (and I mean this in the nicest possible way) maybe a nice example of a humblebrag :)
https://www.google.co.nz/search?q=Di...obs=humblebrag
"an ostensibly modest or self-deprecating statement whose actual purpose is to draw attention to something of which one is proud."
um, a $1.70 buy in price? Yeah, "not the end of the world" indeed.
PS although in fairness, it always seems more painful when a stock price falls. We get used to stocks going up and think "meh" but when they drop just a little bit, it feels very raw. I've felt this many times. Nonetheless well done to you.
I'm not sure how anyone could even consider an average buy price of $1.70 as anything other than pure joy,at that price I wouldn't give a toss if the SP dropped another few dollars yet.
A well constructed sentence. You are quite entitled to your (misplaced) beliefs but to add some validity you really ought to present some evidence - of which there is none.
People are brassed off because a newly appointed CEO ditched 100% of shares. End of story.
That you want to weave it into the "diversity" mobs group think is a shame. This is obviously not a gender issue - some of us think any CEO is entitled to build a new deck.
Racing to the bottom again today, B!oody management ! muppets !
What’s the next Fibonacci support level?
Approaching my tp for a top up.
i might decide at the gap what im doing
Well I just posted this on the Synlait thread,but same applies here:-
It's all about timing ATM took the position about a month before Jayne sold ATM down the river,Had they known they were going to be stabbed in the back I don't think any shares would have been purchased full stop.
I topped up on 3/10/18 at $11.26 around about 1.30ish, hour later it had dropped 20c. Am finding it best to top up late afternoon before close. Then when you think you have the bottom a2 on ASX drops another 10 or 20c after our close:). So then you go through the process again the next day.
I think you guys are missing the signals. In a year's time Jayne will be lauded as a hero. She sold her shares near the top knowing the company was ridiculously overpriced and that information was made available to all shareholders in a timely manner by the NZX press release outlining exactly what she did. A very timely warning for all who heeded it. Yet some coalminers don't believe in the canary theory, and ignored the silencing of Jayne's sweet song.
Joining ATM and moving to the helm of NZ's largest company by capitalisation will allow recognition of her great service to both company and country. And doesn't the moniker "Dame Jayne' have a lovely ring to it? Watch out for that in the New Years honours list!
SNOOPY
The tide might have turned .. was looking pretty tempting down around $10.30
Nice to see a bit of support for Jayne from snoopy,however she has still come from a dog of a company,where it seems that the bottom line is the only thing that matters,this might work short term for ATM,but a young growing company it needs to forge relationships and partnerships.
It comes down to trust,if I was a CEO of a company looking to trade with ATM I would have certain misgivings with having to deal with such a CEO.
Having said that I have just bought back in!
From Milfords monthly update for their Active Growth fund:
During the month, we reduced our holding in a2 Milk following increased regulatory uncertainty and the sale of shares by the company’s new CEO.
Which country?
She is American in up bringing and American and Australian in experience.
The English don't want her. Even she has said the UK operations are a mess.
Will the Queen make her a Damsel-in-Distress?
Do we want her?
She will move HQ to Aus (like KTD did this week) and its just a question of time before she de-lists ATM from the NZX onto the ASX as the only listing.
Weekend viewing ....compulsory for minimoke
https://m.youtube.com/watch?v=UwtjpsACvM0
I sold a few at 10.40 it just kept going down and I felt a bad taste in my mouth. Just felt the time was right to rebalance. Then due to my powerful purchasing power the share I purchased went down and A2 went up........ go figure!