I really don't think that is a valid reason. Year after year of Fonterra shareholder meetings. Buying Westland after crippling Fonterra who were incredibly naive, that made sense. Why in heavens name would you buy the middle man?
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I really don't think that is a valid reason. Year after year of Fonterra shareholder meetings. Buying Westland after crippling Fonterra who were incredibly naive, that made sense. Why in heavens name would you buy the middle man?
ATM is not just marketer of premium milk products , it has supply contracts , cornerstone share holding in SML and fully own MVR and many other advantageous positions in different countries ...leaving alone its brand value and patents of A2 identification process .
So anyone in the industry who has demand side covered like Chinese SOE can be a keen player to either have cornerstone shareholding or outright majority holding
ATM problem is demand not supply ...if that player has demand then its good match
PS : Normally such deals make sense in such downturns of the company not in their heydays
Will be very surprised to see it drop below $ 5.50 for long
It really sounds like a lot of hot air to me. The whole food security issue, that is well covered and ATM would be bottom of the list, SML maybe a bite of that but if you look at the multinationals operating in China and think about where ATM stands I can't see it as a target. MVMs share of current MC? 7% and that was from existing cash on hand or NTA.
hot air it might well be but the handle is down , again.
Movie re runs of the long march will be next......little red books and red caps...:D
That statement has served me extremely well thanks.
The sad reality is this forum seems like the only thing you have in your life. You post 25 odd times a day across various threads because you are lonely and want your voice to be heard. When someone doesn’t “bite”, you head across to HC as “xmanrocks” and do the same thing. I feel sorry for your partner/family as they probably have no idea what you do in front of a computer screen all day to satisfy your addiction.
Goodbye
Dont loose hope on ATM ...it has a outright chance of surprising u if u get lucky ...but prudence says Balance is right about its immediate prospects . Overall if u have some faith in the company management then it can be a good turnaround story in 1-2 years time and can end up doubling in SP from here a la FBU example .
Many sold FBU in disgust ...but some held on ...believers ...they got the rewards too .
But logic says if u have 3-9 months horizon with no appetite for paper capital loss then ATM is in firm downtrend ...its 400 MA is 13.52 ...its less then half of that ...which is extremes of bad news .
Many see that opportunity ....short term thinkers avoid such stocks
People really should learn some basics about technical analysis. A breakdown through the 200 day moving average occurred at just on $18. Basic TA would have got people out at about 3 time's the current price and kept them out and avoided what for some people has been a life changing loss.
Getting in and out when it breaks up or down through the 200 day support line, (AKA following long term price momentum) has served investors extremely well with ATM over many many years.
This strategy would have locked in the lions share of the capital gains over the years and its well worth noting this valuable TA tool currently says to STAY OUT of investing in this company and do not even consider getting back in until a new clear uptrend is well and truly formed, (whenever that might be but extremely unlikely to be anytime in the near future).
I won't touch this with a barge pole until such time, (if this ever occurs), as there's a clear break up through the 200 day moving average.
Come on Hoop, give us some TA prospect.