the CCP has a ground hog day strategy on the virus. obviously population not jabbed enough and there vaccine not effective enough.
population unrest on the rise.
not an investible country..
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the CCP has a ground hog day strategy on the virus. obviously population not jabbed enough and there vaccine not effective enough.
population unrest on the rise.
not an investible country..
China is sneezing the world will soon cough! Consumption down and so is all macro economic indicators. Another red flag for exporters … especially for China dependent ATM
https://www.reuters.com/world/china/...nd-2022-04-18/
Another sell off???.. Technically there is a good chance as the shareprice has nudged just below its primary support...Mind you it could be said that ATM is dragging along the bottom for 11 months now and there has been no signicant rally for 5 months..an unusual price (chart) behaviour..The longer it stays around the bottom the bigger the chance of a fall rather than a rise.
Fundamentally ATM seems sound in the sense that it is sitting on a cash Mountain if today's NZ Herald article is correct the cash pile is about 90cents/share..that's pretty awesome for a very unloved stock..However it may show that good management is lacking.. Is the cash pile big enough to attract sharks?
Disc: own a few (dabble) currently -15%..
Possible takeover of Danone by Lactails...
Danone's latest report had a 1.8% decline on their dairy segment(UK-RUS war reason).Could be a positive one for ATM as Danone is a bigger player in China.ATM may have increased its market share(especially in UHT-its new product and milk powder segments)
Food staple stocks are all going up of late in Europe.With inflationary pressures, and the war situation not going out soon,ATM ---if could hold on to what they projected in FEB, can see an uplift.
With a staggering pile of cash--of course
https://www.just-food.com/news/lacta...danone-assets/
Disc-Holding(still....).
Sub $5-00 atm with ongoing uncertainty in China, lockdown affecting their economy big time.
Today's fortunes so far dont look much better with further retreat
The last time the stock was this low was somewhere in 2017. Jeez that’s about 5 years ago.
wonder if a2 had similar issues
Fonterra says China dairy imports dropped 29 per cent in March
https://www.nzherald.co.nz/business/...2JJOVQXRTDWIY/
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a2 announced via LinkedIn the winners of their inaugural "a2 Legends Awards" recognising team members who have made contributions to the a2 strategy whilst demonstrating the a2 values. The winners were the China Supply Chain Team - Doris Tao, Joyce Xu, Catherine Wu and Tim Zhou.
Hopefully that bodes well for a2 supply into China during the past and current challenges with Covid shutdowns in China and international supply chain constraints.