Guess you're referring to SML's price. It closed on ASX at A$10.05 which equates to NZ 10.39 based on current cross rates. So its just gapped up to catch up to ASX close price, so does ATM.
Once ASX opens prices will change either up or down.
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Oops yes sorry wrong post, yes was referring to SML :)
ATM has always been subject to wild swings
Ramping up China growth further with this appointment.
Appointment of Chief Executive Greater China – Li Xiao
https://www.nzx.com/announcements/332398
ATM launches coffee creamer range into the $US3.1 Billion USA coffee creamer market and plans to launch an IF range in the future.
Details here.
If Jayne can manage that -she can sell as many shares as she wants, whenever she wants as far as I am concerned
I liked the part in their last report/update when they commented that the USA is following the same sales trajectory as A2 achieved in Aussie. That's huge potential!
Never mind raw milk and creamers, if A2 has 30% of the Aus IF market and even if we discount a fair bit of that disappearing to China via Diagou channels, 10% of the USA IF market would seem v achievable.
Being capital light and able to source product from a choice of suppliers/partners as well as countries (Aus, NZ, UK and USA) is a huge strength IMO.
Crikey I might be falling in love!!
From over in HC some pretty amazing IF export stats, looks like a v strong second half to supplement the additional ad spending.
Remember this product will reflect the higher margins negotiated ex SML !!
Attachment 10424
GS report today probably summarized by media shortly with Feb 2019 volumes leaving Lyttleton port