maybe you don't have chance to buy today' price tomorrow, let's see.
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maybe you don't have chance to buy today' price tomorrow, let's see.
At the end of the day, we know already that Australian market share is up, and therefore revenues will be up, but yet the share price is down from this time last year by 12%, and is 32% off its highs.
It is absolutely a harder call to make this year than last, simply because the product range is bigger and there is more than one market to consider now. Perhaps this is why I think we are seeing both some large buyers and sellers, albeit more large buying than selling.
It would seem to me that the market may have over priced in an uncertain result perhaps just because it is more difficult to estimate the new market contributions. Or perhaps, possibly even more likely, it’s just because of market correlations.
We could speculate some more or just await the results tomorrow, it does though help ones understanding of the business model to work it through.
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The Australian market has been and is still the mainstay, roughly each additional 1% in market share is worth around about AU$13M in additional revenues and Peter Nathan has told us that market share is presently "about" 9%, it could be a bit higher or lower than that, but definitely up from the 7.4% it was last year. We need to then add to that the revenues from the new product lines infant, UHT, cream, and knock off exchange rate movement.
Roughly every 0.1% of market share in the UK is worth around UK$3M, so any traction there will be interesting too, a 0.2% market share would not be an insignificant thing.
Plus, infant formula sales to China, ATM have told us that inventories were not disrupted, and the Synlait production pause was from the 1st May, so only a two month consideration within the reporting period anyway.
One of the more interesting full yrs is this one. No ovious sign of inside info before result as price has stayed same for a while. But still 1hr to go today. What time do they let the result out traditionally.
They usually first thing in he morning, like 8.30
All hell will break loose if it is put up by the NZX just after 10, moosie tirades anf calls for FMA action etc
It will be first thing. Already published and ready to go. Chairman will have a last gawk at over drinks tonight
Usually is a very loose term. They can be released at any point on their official day, normally pre-market however its at the companies discretion.
Historically most announcements released later in the day and ever after the close have been when the company has bad news to report :)
Director buying two days before announcement day, David Mair, 500,000 on behalf of.
https://www.nzx.com/files/attachments/199431.pdf