Where to today? Big front page a2 in Buss. Herald this morning. All positive news.
Printable View
http://nzx-prod-s7fsd7f98s.s3-websit...559/312187.pdf
Pendal Group will be stoked. Looks like they bought another 7.5m/1% last week.
Just a quick question to the advance , how long do you have until you have to pay back the shares you shorted with direct Broking ( same day) ? Thanks.
[QUOTE=44wishlists;779043 P.S. can someone elaborate further on Pendal Group's position please?[/QUOTE]
Well positioned lol!
(Just chipping in from afar)
Delighted by yesterday’s update, and very pleased for those all holders and particularly those 'steady hands' that held firm under the recent shorting pressure. Great news also for those new shareholders who purchased (or averaged down) in the recent lows.
ATM represents over 55% of my portfolio (all ‘free hold’) and I was thinking of selling a few to diversify elsewhere.
However, after reviewing these results I am holding on to all my ATM.
My thoughts FWIW
1.) I estimate FY20 EPS of 50-55 cps ( c.f. 39.3 cps in FY19), and see fair val at $NZ16.50 to $19.00 (depending on what P/E multiple you use.... if you use Winners P/E of 45 things get exciting!!)
2.) I note Maquarie have today rated A2M as ‘outperform’ with a SP at $NZ 16.20 and FY20 EPS of 52.8
3.) In the past CEO Jane received a lot of flack from posters on this site all based on little substance other than her earlier share sell-down. I’m now confident that she is a worthy successor to the previous CEO and is surrounded by a great team (incl the Board.)
4.) Really excited by the progress A2 is making in the USA.
Great times a head for A2 holders…… enjoy!
Cheers left field your risk/rward comfort zone is on a far higher level then mine.
My brokers research note out today has buy still with(12 month) t/p increased slightly to $16.60 fwiw.
Love you guys diworsification, Beagle will be round with the stick soon to pull you guys back into line.
$15 seem to be on the beckoning by end of this week...
:t_up: bought a bit at 12.75 and sold at 14.88 :t_up: , that is my Xmas holiday spend :t_up:
The rest will hold onto it, now waiting for a "POP" to buy as it reached the RSI of overbought or when insider selling their shares as usual.
When you trade volume you dont have to worry about a few cents but I aim to avg the VWAP of the day or better on the sell side and under it on the buy side, of course that's not going to matter if it suddenly goes up another 50c the next day and your not selling but if it goes down 50c it certainly does.
Yes, my thoughts also. It's a bit risky shorting now at this low sp. Last week UBS upped their holding by 11mill., Mitsubishi etc by 7.4mill, Pendal by 7.6mill and Morgan Stanley (a new holder?) by 40.7mill. I'm choosing to sit tight at this stage and do a Motley Fool from the side lines and see what happens after $16--$17. It is much easier to short from $25 down to $16 than from $14.96 to $13.96;).
https://www.shortman.com.au/stock?q=a2m
Stunning! Shorters increased their position by 7.8m shares in the week before the ASM!
Ouch!
Fair enough. So how far will they let it run? As I said above, the further north it goes the easier to short. If I was a shorter $25 is easier to short than $15. Or maybe they will choose $18, or make a big thing out of the next bit of negative news to push it down then.
China Dairy Giant Buying Kirin Assets for $419 Million
https://nz.finance.yahoo.com/news/ch...022105994.html
https://www.shortman.com.au/stock?q=a2m
So only 1.2m shorted shares covered on ASM day.
Nestle A2 fortified and for the whole family.
https://www.nutraingredients-asia.com/Article/2019/11/20/A2-milk-for-whole-family-Nestle-China-s-expands-demographic-reach-after-previous-launches-for-mother-and-baby?utm_source=newsletter_daily&utm_medium=email& utm_campaign=26-Nov-2019&c=vyBYncJCWKXkycRMF3eRSOTSwEV1ai2T&p2=
Looks like Jane sold her shares....... nice to get that elephant out of the room.
The shorters are hoping for a SP decline on this news so hold on tight.
https://www.nzx.com/announcements/344961
https://www.nzx.com/announcements/344960
As expected.
Well covered at ASM.
I use to go to https://www.forsythbarr.co.nz/ to see a full list of In Depth trades everyday but now it is changed, anyone know where I can see a Full list of In Depth trades ?Direct Broking give only a short recent list, thanks.
Encouraging to see A2 bounce back on the ASX after the news late this afternoon ( up 1% overall for the day on the ASX).
Lucky I chose this aft to sell enough ATM at $15 (to refund my cash after the recent SKO purchase.) :p
Expect a bit of tree shaking tomorrow, tho' I suspect shorts will be sweating before long.
https://www.shortman.com.au/stock?q=a2m
Interesting dynamics - shorters covered on ASM day and then, increased shorts again day after!
Shortman doesn't really show the full picture. For one it doesn't show how many have covered and re shorted within that day. Although they may have had an early burn re-entry on the days high will see them right once they force it down again. I've always believed it easier to drive a share down than up.
Yep. We all knew it was coming and the reasons for the sales were satisfactorily explained at the AGM. Looks like the market is moving on from the news with nary an afterthought, thankfully. The SP has been teasing me just under my break-even since the AGM - onwards and upwards into the green! :D
Yes great to see the SP back up where it was before the announcement. Very Bullish trend reversal.
ATM still approx 53% of my portfolio, and today thanks to gains in SKO and ATM my portfolio is back above the $ overall level it was at prior to CEO Jane's sales announcement and my small sale on Tuesday.
Nice to see the shorts sweating. Onwards and upwards from here.
(Great that Beagle's dire predictions of $9.50 and $11.50 a mere month or so ago are now a distant memory.)
Beagle is probably right. It is possibly be in the $8? to $10? region, but that won't stop the sp going up from $12 to $22? or where ever, and then get shorted down again:eek2:.
Wow, happy to have held during the tree shaking phase. Santa rally come early OR yet to come.
I'm all out now, will wait for a dip as it's getting way overbought, happy to book the profit and keep it.
Well done, $0.50 EPS this is now trading on a forward PE of 31 which in my view is about fair value. I reckon it can heat up well past fair value as it has in the past and reckon we'll see a new all time high before the results announcement in Feb, expect plenty of tree shakes between then and now.
Someone from AUS just sold 1mil shares ;)
It was juvenile the first time.
What is your next entrance for A2? $14.60 ??
That’s a good idea, post your trade strategy on the Internet. lol 😂
Looking to get out today if it spikes hard again. Had an opportunity yesterday but didn't go with my gut; I thought that surge was begging to come back down. I could have walked away with some nice profit and bought back in at my previous break-even. Too much time reading forums second guessing myself. Won't make the same mistake today. Although, here I am posting right now. Well, ok... just doing the rounds before the ASX opens. :D
I will keep holding .Dont want to risk having to pay tax on profits, trading, to the IRD.
Are there any resources anyone could point me in the direction of in regard to trading/investing and tax? I had a quick search earlier in the year when I first got started but haven't looked again since holding A2 for the last new months. I didn't find anything clear cut on the subject...
You wont find anything clear cut because there isn't any definitive guidelines like most other countries have but I'll make it simple for you, only two things to ask yourself. 1.What was your intention when you purchased any given block of shares and. 2. How often do you buy and sell shares. The answer to those two questions will give you good guidance.
Also how many buys and sells you do in a year. Buying for the dividends;) is good too. It is a very gray area. I have a trading broker (for aus stocks) ,ASB and an Investment broker with two diff banks to be completely transparent.
Worth a browse through the thread below
"Some Questions For Traders " and others in the bowels of S/T.
Not according to my accountant.i never want to attract the IRD for any reason. If they deem one a trader and not an investor, thats it. To each their own , whatever works for you.