Kinda sums up the situation perfectly, a picture speaks a thousand words.
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my view... CEO actions don't look great, but the market's reaction indicated that the market was ready for a fall. If there had been plenty of fresh buyers, they would have bought. But I suspect all the passive funds were in, all the trend-followers were in, all the quick-buck punters were in or gone.. Personally, I've had a terrible time with ATM this year, but i don't blame the market for that. I'm surprised at the way the share price keeps coming off, but that's telling us something. Buying in the low $10 area should make sense, but there's a horrible chart pattern that says it $10.00 goes then it's $7.50 next stop..
$7.5 would equate to a trailing p/e of around 25, still implying very high growth is priced in.
Talking it down won't do it any good either.
well nobody seems to want to sell this am.Just 18k shares sold price $10.60 with the next seller at $10.80.Can't be waiting on aussie again!!
agreed, it does seem unlikely. however, I try to go through what-if scenarios and try to figure out what their impact might be.. eg what if US markets took a big fall (like they can do in October..) and spooked markets here? what if some more bad news came out of China re: daigou? what if ATM exited an index for next re-balance and some of the passives had to reverse and sell..?
never had any good thing after joining index, we see what happens when ATM exits the index.
That $9.50 gap is not too far away.
Fundamentals .... yeah right.
A reminder of how it can all go horribly wrong, starting with the CEO selling a bunch of shares, then failing to communicate with shareholders over market circumstances and then not meeting lofty sales targets.
Reflect on the unfolding parallels with ATM. And look at what it did to the share price.
Apparently now there so much buying opportunity, how can anybody not buy as we all have deep pockets.
After all there is a buyer for every seller, so some think these price falls are attractive buying opportunities, all-be-it on small volume.
See weed will be happy if it continues to go down.
If it doesn't go below 10.12c, then I would say we are in a very very very slow uptrend from here. last 5 months lows...24/5/18=9.99c, 2/8/18=10.12c...and today....10.15c;)ps funny on both of those days the sp finished up 42c on 24/5/18 and up 11c on2/8/18.
Indeed and where is the price now relative to the grossly over-valued over-bought all time high of $23? Anyway, didn't mean to go off topic, just drawing parallels. Pity JH didn't take note of the fallout from BAL's CEO selling, or fudging confidence in the market, let alone whether forecasts prove to be too optimistic.
wow look at the short sales on the 4th must been ubs?
https://www.shortman.com.au/stock?q=A2M
nz / aus all at critical levels now , if it breaks ..... timber gap fill time
I'm now wondering if I should sell and buy me some cryptocurrencies - they are looking more stable and reliable.
gold would be the way to go especially with the exchange rate.I must admit I do have some NTL shares!
Can the incompetent Jacinda Ardern help?
See wants to interfere with petrol at the pump price, maybe she can sort out the ridiculous price a2 milk is.
On a horrid day like this don't get me started on Taxcinda, she raves on about how the price is hurting the public and sets up another enquiry group, if she really wants to help people immediately just remove some of that Troughing excise tax, it ain't rocket science dear.
so a few more people can live in cars?? she's right - the oil and petrol companies are the ones that are troughing.. and excise tax should be 3x what it currently is for fossil fuels. (sorry to divert the conversation, but you started it..) and don't make it worse by patronising her either. It's 2018 dear boy.
Meanwhile, A2M falls off the cliff.
How stupid of me, I should have mentioned Richie McCaw.
I forgot all about him.
He can surely sort out JA and JH. He was once a hero, now is the time to stand up once more.
He can helicopter in a2 milk to kids throughout NZ under the Fonterra milk for schools programme.
A2 Millk hits out at reaction to share sales, new rules. http://nzh.tw/12139641
Almost perfect Triple bottom held, significant for today. It's all about tomorrow. For the meantime anyway.
At least they have released a statement - maybe was enough to share price back up tomorrow.
Removing GST from foods will never happen. Once exemptions start then it destroys the the simpleness of the tax.
Struggling families already have tax concessions to cover this.
Simple but a blunt instrument? Sufficient concessions? However some poverty actions groups agree that removing gst from fresh foods will help the wealthier rather than the poor as with or without gst they still could not afford much fruit and veggies. Welcome to C21st NZ.
Well said Minimoke
A2 has shown an arrogance or naivety that surprises. The Herald on page B5 today has CE Peter Nathan hitting out at shareholders having a significant over-reaction to Jayne's share sale. With that statement, the shareholders reaction is the right one. Peter cannot expect shareholders to accept all actions by the management to be beyond reproof. The people/shareholders hold the power ultimately.
Here is the link for the Herald article:
https://www.nzherald.co.nz/business/...ectid=12139641
is there any reason why ATM needs to list on OZ market? it seems SP will go up without them.
Free speech comes with responsibilities. New Zealand is third in the world for cyberbullying which is nothing to be proud of.
Just this week I heard of two schoolgirls in my community who committed suicide this year because of cyberbullying. In one case the bullies were blocked but they made the effort to set up a false account to continue the bullying which had tragic consequences for the girl.
It is hard for schools and parents to convince children that cyberbullying is not okay when there are adults who see nothing wrong with making repeated targeted personal insults online. Children copy what they see. Cyberbullies lack empathy. Most kids who cyberbully believe it isn’t a big deal. Because they do not see the pain that they cause, they feel little to no remorse for their actions.
http://www.scoop.co.nz/stories/CU180...t-in-world.htm
https://www.nzherald.co.nz/nz/news/a...ectid=12139665
The cost of cyberbulling in New Zealand is costing individuals, communities and support organisations $444 million a year, a new report reveals. But it's friends and families who are bearing the brunt of the cost - $366 million in fact - to support loved ones who have been bullied online.
Not much specifically, but when people see a sea of red and are hurting (and ATM is a prime example), "Free Speech" on a forum like this tends to get personalised and things get posted that IMO are not conducive to having the sort of society that I want to live in. That has happened on this thread and I would rather it didn't.
You may be right - that route is a well trod path.
Michael Hill too...their stated reason was to access capital. Kiwis with money have made so much by borrowing and leveraging profits by investing in residential land - nowt much left over to provide capital to keep the companies in NZ?
gap fill day today?
Attachment 10051
thats what they told me , anyway shorts hit a new high yesterday
https://www.shortman.com.au/stock?q=A2M
Dow is down 800 points. hang on!
I disagree. I think many here apply their moral and ethical compass to greater or lesser extents to their invesments. For example, some posters have expressed opposition against investing in SKC for moral reasons.
From a2 milk’s point of view their could be an argument that tax cuts for the already “wealthy” could actually boost its sales (If A2 milk is more likely to be bought by middle class consumers.)
I happen to believe that a boost to the welfare state is also good for business if it means that welfare is spent on consumer items as opposed to tax cuts ending up being channelled into inflating the price of land (to simplify.) However some fundamentalists may think an over-generous welfare state may engender sloth (one of the seven deadly sins.)
No No, you should follow Beagle:D
I sold down at $12.67 some time back, again at $11.90 more recently and cleaned all the rest out last week for $10.40.
I topped up last week in Synlait at $10.24 and am busy licking my wounds from that.
All I can say is Stop Losses. I had a plan and failed to implement. Any losses solely on my shoulders now. (still have head above water at the moment!)
SP currently $9.70.
That guy who said the gap needs to be filled at $9.50 not too silly after all???
This stock should be about $8.75, maybe less?
That's the SP just before the "creeping up" before the Feb announcement and the Fonterra effect.
Started the year at $8.07...maybe with herdlicker and all the uncertainty over ecommerce channels and the loss of well respected Geoff Babbage it deserves to go back to where it was ?
Margin calls in Aussie will be coming thick and fast ATM, until all of these are out of the market Im staying clear, 15 minutes before the Aussie opening will tell all !
Holder & sitting tight. I was Xero holder during the big slide & sold,it slid some more & I felt justified. BUT I had cash sitting in the bank and spent a chunk (I learned a lot about my financial personality type). Now look at Xero share price on the ASX. Lesson learned.
This is the answer to my email to A2 milk re CEO sale of shares:
Thank you for your email and interest in The a2 Milk Company, your comments have been noted.
Although we cannot comment specifically on Jayne’s personal financial situation, we would take this opportunity to provide you with the following information with respect to Jayne’s remuneration package and recent share sale:
- Jayne’s remuneration package included one-off transitional entitlements compensating her for entitlements from her previous employer that were forfeited when she agreed to join The a2 Milk Company. These one-off transitional entitlements included a mix of cash and equity interests in The a2 Milk Company.
- The transition entitlements (in The a2 Milk Company) were structured to replace the entitlements (in her previous employer) that Jayne forfeited when she agreed to join The a2 Milk Company. The equity entitlements in The a2 Milk Company that have vested replaced the equity entitlements in her former employer that would have vested at the same time had Jayne not left that business to join The a2 Milk Company
- Jayne sold the shares that she received on vesting to fund tax obligations relating to the automatic exercise of her equity entitlements in The a2 Milk Company and other commitments that she entered into before agreeing to join the company. We can confirm that Jayne entered into the relevant commitments well in advance of her agreeing to join The a2 Milk Company and in the knowledge that she had a future entitlement to receive the benefit of equity interests from her previous employer (that she subsequently forfeited when she joined The a2 Milk Company)
- Jayne’s ongoing remuneration package (specifically her LTI component) has been structured to ensure Jayne will continue to hold a significant equity interest in the Company moving forward
We wish to confirm that the Company has heard the concerns raised by shareholders and that these concerns have been shared directly with Jayne and the rest of the Board.
The Company understands and takes seriously its continuous disclosure obligations.
We are grateful for shareholders’ support of and interest in the Company.
Kind Regards
Yadda yadda.
The company really is in a hole over this. They cant chastise her publicly because they agreed to it all happening beforehand so they are just as culpable.
The bottom line is she doesnt think her company is that good an investment
Cant blame her as a person for maximising her wealth, but can blame her as CEO A2.
her timing was impeccable
Very much a copy & paste response - and no signing of any name at the end of the email, which I find poor.
So a2 paid for Jet stars remuneration package to JH. Why didn't a2 wait until she had finished her time with JS, then take her on as CEO after her remuneration package?:t_down:.
Dear Kind Regards
Did anyone on the board that offered this lady the job stop to think that a brand new CEO selling ALL of her shares within months of joining A2 would not be a good look? If not then why not? And if not, have any board members thought of resigning because of this lack of insight?
Did anyone on same board that offered this person the job not think that paying her in cash would have been a wiser decision? If not then why not? And if not, have any board members thought of resigning due to this lack of foresight decision?
Does everyone on the board think that the statement - 'Jayne...... holding a significant amount of equity moving forward' IE. MORE FREE SHARES THAT SHE'S BEEN GIVEN, is a satisfactory answer that would appease shareholders? If so, then have any of these said board members bothered to listen to shareholder opinion on this sell-off? If not, then have they thought to resign because of this inaction?
Has any board member thought to try and entice Geoff Babidge back into the fold with a few more million shares to get things back on track and give shareholders some confidence back? If not then do you ever take note of shareholder opinion?
If the answers to the above are all no's, then do you realise that a shareholder vote would see you all removed en masse - with immediate effect?
Regards
Yours
I guess it comes down to how long was left on her contract,and how was her remuneration contract with jetheap negotiated,if it was performance based was she ahead of the game and on track to recieve her full entitlements.She might have been running out of customers to shaft at jetheap,or she could have been doing really well,I guess we will never find out
Maybe JH was the smarter, more aggresive negotiator at the recruitment table. If so, can ATM afford to have such a strong negotiator with such strong self interest?
I have seen several times in the last few years where very strong negotiators have joined a business and procceded to strip all the value they can get while talking the talk.
As shareholders, the question may well be: has the company got too big for the current boards experience?