Sales this year up 24% compared with last years 11:11 sales
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I can very much understand the Couta mentality. Specialisation reaps rewards. You can count on one hand the handful of professional sportspeople who play more than one top level code code at the same time. I can think of Jeff Wilson of rugby/cricket fame. Some would say Sonny Bill with league and boxing (although I am not sure if he qualifies as a top level boxer). But that;'s about it. Likewise in non-sporting jobs. Go and get a qualification and become really good at what you do. Likewise partnering up for life. Most males wouldn't have a harem under one roof at home. It is like this all through life. Set a goal, choose your path and go for it.
This is what makes investing so very hard because we are wired to concentrate for success. Yet with investing, this is precisely the wrong thing to do. In the world of investing you can play multiple sports at a top level, have a plethora of degree qualified careers, and have a dozen wives (or more correctly do the investing analogue of all that). Not only can you do this, you should do this. The reason why 'going big and going hard' cannot work statistically is that each investment decision is, in statistical terms, what is termed an independent trial. That means you have to multiply the result of each investment decision you make together to create one giant multiplicative equation. Even if you have a 90% success rate on your investment train you cannot avoid the 10% failure rate if you play the investment game long enough. Put simply 'stuff happens'. However successful you have been in the past, and incredibly successful high number multiplied by zero equals zero. That one in ten chance in failure will destroy your investment capital and remove you permanently from the investment game. 'Go big and go hard' is a guarantee of failure, if you play long enough, even if you are right with your investing decisions 90% of the time. Sorry Couta, you need to listen to your mates!
SNOOPY
P.S. I hope that is food for thought for anyone with more than 75% of their portfolio in A2 Milk, except if you are in your twenties in which case you will ignore this post and learn your lesson the hard way.
hi gregnz,i means how much percentage increase in 2019 compare to 2018.
I don't think they mentioned numbers.
The results of the 11/11 China e-commerce sales event, also known as Singles’ Day were very positive. We had another strong performance during this important promotional event. In JD.com, our a2 Platinum® Stage 3 was the top selling infant nutrition product in cross border e-commerce, and we were the second best-selling brand overall. In Tmall, we were the number three infant nutrition brand overall (English and China label combined) across the e-commerce platform and we were the number one CBEC flagship store.
That is all I could find
An excellent post and very accurate diagnostic of the situation. I have been trying for years but unfortunately some people are completely incorrigible and incapable of reform. They simply cannot acknowledge they are profoundly addicted to trading and extreme risk taking.
Quote from Morningstar: At the company's annual general meeting, management reiterated its full-year 2021 outlook for revenue of NZD 1.8 billion to NZD 1.9 billion and EBITDA margin of about 31%, tracking our estimates. This suggests top-line growth slowing to about 5% to 10% versus 33% in fiscal 2020
5% and 10% growth compare to 28pe ??? hope next half year result they can under promise and over deliver again.
When I first joined Share Trader I was an absolute novice and I held some stinkers. I was a lost Bear Wandering around in the dark. Out of the blue Couta messaged me and shared some of his experiences with me and encouraged me not to give up. I have never forgotten him doing that and his words of wisdom were much appreciated at the time and they still are. Thanks again.
Couta has his own style of investing and it clearly works for him. So if Couta wants to go big or go home thats totally up to him and we should let him be.
Seems to me the only people nagging about this stock are those who missed big time since it was in 40c range and now trying to convince themselves that they’ve made the right choice by not investing in it :)
When it comes to P/E , there are many companies which appear to be attractive to investors, yet A2 seems far more attractive from a P/E perspective. I’m thinking AfterPay, Xero, Apple etc.
I don’t think you can necessarily expect the initial high growth rates of a company to continue year on year as your growing from a much higher revenue baseline. Ie when your revenue is $500 million, 30% growth could be reasonable. But is 30% growth reasonable when your revenue is $1.5 billion, $2 billion, $3 billion? I’m not sure, just doesn’t seem a reasonable expectation.
While Couta1's strategy is being labeled as 90% exposure to one stock, would appear to also be arguably investing 90%+ of time/resources into trading one product. Many FX dealers will focus on a narrow set of currency pairs. Many stock market makers (in countries with market makers) will have a limited set of stocks they make the market for. Many sole traders will invest all their time and resources into the company they are building up. Many property investors will focus only one property type in one area. It can increase the risks, but also the rewards - if done well. Many of the very rich have got there by taking big bets on one company/industry, not a wide mix (but often they are influencing or running those companies). Just some thoughts to also consider for anyone reading.
And I'm not sure on this, but if Couta1 recognised himself that he was trading (not investing) 90% in one stock, that could be a sensible allocation of resources. With where ATM opened on the 18th, and where it had traded by 1pm there was a lot to be made trading. A sell in the morning and a re-buy later is likely to have gained at least 60c and $1/share is entirely possible. Did Couta1 make 1%, 2%, 5% or maybe even more relative to a straight by and hold strategy on that one day? Only he, any accounting support and possibly the tax man will know that. How many times has he made good gains in a similar way - again only he knows. I'd be amazed if the gain relative to a buy and hold that day wasn't a 5-figure sum. A 6-figure gain is within the realms of possibility.
For most people, a high exposure to a single stock is a very bad idea, but it can be the right strategy in certain circumstances.
Disc hold ATM, but only as a modest sub 10% of portfolio holding.
will atm be 2021 institute’s top pick?i wonder.
Normally when its darkest is the time for tide to change ...So to answer your question ...Surely ATM has already become top pick for 2021 . Risk reward favours long term investments . KFL has increased its holding by good 2% in last 3 months which means all NZ oriented Fisher funds would have done the same . They dont invest in penny stocks and need volumes and market cap etc to do big investments , ATM will be surely their top pick as they look ahead to quality stock with prospects of Growth . FPH was traded up to 50 % on that basis early March .
:t_up: Bought shares with BRM and MLN for 63c and 83c on 13/10/14 and 14/10/14. Closing price for those two shares yesterday was 90c and $1.24c. Bought ATM on 18/11/14 for 60c. Closing price yesterday was $14.54c. I am not an Accountant but just a small time trader. I enjoyed the free lunches BRM and MLN put on at the agms, but prefer the excitement of ATM. I was naughty and was 100% ATM a few months back for a little while. Nothing wrong with being over 90% for a little while :cool:.
I think, as you say, everyone should find an investment strategy(s) that suits their style and circumstance. if someone is "addicted to trading and extreme risk taking" then they should go with that - after all, that is part of their natural style. That is not intrinsically bad, as long as it is constrained by strategy and discipline. Also, the only statistical certainty is that the more diversified you are the more your return will be pulled to the mean and, as I said, the harder it is to exceptionally lose money and the harder it is to exceptionally make money. Having said that, personally I am extremely diversified - I don't need exceptional return and I have other things to do with my time than constantly think about investment.
ATM has been exposed to Geo Risk. Investors often trade over 25 year horizon and their large gains on one stock doesnt mean a diversified approach to sector investing wont bring some big gains and rewards at some time in the fullness of time.
Note that when a company gets to this stage in its life cycle it does have farther growth risk but the market brand here is extremely valuable.
If they can keep market share then the 14 range has tested support at least 6 times.
Investors who got in early in this growth stock have been rewarded but its a lottery out there.
With the USA about to shut down again there may be another move down just around the corner.
I think there are some tenuous arguments comparing A2 with unrelated investment domains being expressed here. Firstly, my knowledge of Forex would suggest that those dealing in currencies are extremely skilled on TA techniques and discipline. They recognise that they do not hold all the keys to know where a currency is going. If the trend ends they exit. Contrast this to the Couta A2 approach. Couta is happy to discuss support levels, and trading patterns from the previous year. However, when the trend goes against him he then switches to a long term FA mode.
"This company has an incredible growth record. It has been down and bounced back in the past etc etc."
Neither an FA or a TA approach is 'wrong' when dealing with A2. But Couta changes his strategy to fit the belief of where he wants A2 to go. Whereas in my view, if you have a strategy, FA, TA or a combination, you have to trust and respect the independent data inputs that drive that strategy and act on those. IOW you have to be dispassionate and change your mind on A2 if the input parameters that helped form your original view change. Being passionate is generally a good thing, but not with investing as it will lead you down a tunnel of confirmation bias where you only have ears for those who agree with you.
You say many investors concentrate on one share or are very selective and narrow in their property investments. But this is generally because they have widely researched other shares and properties in that investment space and they have a deep understanding of how a market works. IOW their selective investment is the end product of driving down a much wider investment road. A2 is very dependent on the Chinese market. But how much do NZ based investors know about the rather strange interplay between regional and communist party central governments. The changes in sales tax rules that have come in over recent years. The very different characteristics of the coastal Chinese cities and those inland. The difference between the southern Mandarin speaking provinces and the northern Cantonese speaking ones.
What is the interplay between the Daigu distribution channels and the in store distribution channels. OK I admit to being an FA mutt and to traders this kind of thing might not matter. But I expect I know more about these things than 90% of the posters on here, simply because there is so little discussion on these matters on this thread. But do I class myself as an expert on A2? No. But I do know enough to know that I don't know enough. I am working to close my knowledge gap when I get the time. But right now, I don't think I know enough to invest in A2 myself. And I think there is a substantial cohort of A2 investors that are 'investing on the fly' without the background knowledge they need to properly mitigate their investment risk.
If you are running your own company then the investment rules change. You haven't built up your position in the world via an investment forum. The fact that you have got where you are to date means you already have good industry knowledge and experience and you are probably leveraging on your hard earned practical skills and qualifications. Couta has declared a background in healthcare/ elderly care and I have great respect for his insight son those topics. But does he have a diploma on investing in primary products? Has he been in food retailing or distribution? Judging from his posts, I would guess the answer to those questions is 'no'. If food is your new passion, I would suggest the best way to start is by having humble pie for breakfast. That way you can stack the odds on any big(ger) bets you might want to take later on in your investment career.
Scrunch, that has to be the worst paragraph you have ever written on sharetrader. Granted that is not much of a criticisim because overall your contributions are very well thought out and of a high standard. But to suggest that mega dollars are available from day trading that would blow ordinary investors away? I think you are underplaying the risks in a reckless way. Even the real T/A gurus on here have very sad stories day trading shares. Can you name one day trader who has survived for more than one stock market cycle, ever in the whole history of investing?
In what circumstances can holding 90% of your wealth in one share be a good idea? I can think of one. If you have founded a company, floated it on the share market and are currently actively engaged in running it then I can see how you might find yourself in this position. But that would be a case of circumstance. To have 90% of your wealth in one investment in which you are not intimately engaged on a day to day basis would suggest to me you are on the road to bankruptcy.
SNOOPY
Nassim Taleb of Black Swan fame once said
Diversification does NOT reduce risks in the financial market; it causes near-certain long term blowups under any leverage.
Whatever that means
But he did have some good risk management ideas here
https://www.moneysense.ca/magazine-a...mbracing-risk/
Not wanting to get at you specifically Seeweed. IIRC, you are one of the few A2 investors who have stalked the supermarket shelves engaged with customer consumers and truly walked the walk not just talked the talk. But to say you have made 197k profit before fees and losses is nonsensical. A profit is what is left over after fees and losses are deducted. You are lying to yourself if you think you can leave those two factors out.
SNOOPY
well we found that twice now the GFC and GPD that sector diversification balanced loses and gains and nullified the variances caused by extreme events such as we have just experienced.
China is not a sleeping tiger, its not a democracy and its issuing warnings and looking to bully small players.
Another day of sp going up on NZX and then, getting sold down when ASX opens?
Market manipulation or just Kiwi investors not realising that the stock is now driven out of Australia?
Forget about small players - China has comprehensively beaten the US in its trade war.
https://asiatimes.com/2020/10/trump-...g-us-hegemony/
But I guess that’s not hard as they are dealing with a buffoon in the WH.
We better be cautious in NZ in pulling the dragon’s tail - if China decides to retaliate, it will not do so immediately but strategically when it is ready. The impact on NZ’s economic fortune will be devastating.
Once a stock reaches a certain size as we all know moving the needle higher takes more effort. Big world yes but china is increasing using it bulk to do its bidding. Im not saying Geo Risk here is high but its not zero and i wonder if the current price trend reflects some caution by the market in relation to short term outlook on growth. Not long till you have your answer with a market update.
Part of that profit was 4000 bought at $7.36 in Oct 2017 and sold for $19.15 in May 2020. You are right. I agree with you. I will try and loose about 80 to 90% of that years profit by financial years end and replace it with divs from other stocks, so as to keep my tax bill down. What ever tax I pay will double because IRD will also make me pay provisional tax on top of normal tax. So far haven't had to fork out any tax for last couple of years but have received refunds;).
I think one thing that’s on big investors minds is that A2 are going down the path of being a significant producer (owner of stainless steel) and might not be seen as great marketer.
Great marketers generally valued higher than producers
.
Wouldn’t want to see A2 as a Fonterra would we.
We are getting off topic here. But I got 'fined' by the IRD a couple of years ago, even though I followed the tax rules, because my 'income' (as a result of the FIF regime and asset value increases so no cashflow associated with my 'income' increase) increase was significantly more than the standard method 'previous years income + 10%' for estimating future income. Hence I underpaid my provisional tax. This year my 'income' has crashed (again mostly because of the lower FIF income input,- my cashflow is down but hasn't crashed) and now I have drastically over paid my provisional tax. according to standard IRD estimating procedures. In theory I will get interest from the IRD on my over paid provisional tax (that is what the IRD tax consultant told me when I talked to them about my fine from the previous year and they explained what would happen if I had paid too much tax as a counter example). But we shalll see.
The reason why I am mentioning this Seeweed is that provisional tax has a way of evening out. Yes if you make a good profit on A2 trading one year, you will pay a big whack of provisional tax for the next year. But that isn't 'extra tax'. It is a down-payment on next years tax. And if you do end up paying too much by following IRD rules, you should get your money back with interest. So by saving on provisional tax, by not cashing up your best trades, all you are doing is pushing a greatly increased mega tax bill out into the future. And the only way around that is to have a really bad year and actually lose money to wipe out your previous years of mega paper profits. Surely not a great investment objective to have? Then if you do have mega profits at the conclusion of your investment fling, you will suddenly find that everything is taxed at the top tax rate reducing your overall profit at the end. So to me this 'minimizing tax paid today' doesn't make much sense as eventually the IRD will catch up with you, as they always do. Just making these comments as I am wondering if you are really saving any money by forcing yourself to crystallize other trading losses today just to reduce your trading profit and hence tax bill today?
SNOOPY
That's okay provided it doesn't impact on the family. I would be profoundly ashamed if through taking extreme risks I had drastically reduced the value of our family investment portfolio back to where it was many years ago.
ATM may or may not meet its 2H sales forecast. I think the risks are very clear. There could be a place for it in a very well diversified portfolio but I think at least in the short term the risks outweigh the likely returns so I see better near term opportunities out there. Looking further out, long term it should be clear the growth rate will be a lot lower than it has been historically. Further, nobody is talking about the new CEO risk. Remember what happened last time with Herdlicker ? A forward PE (if they can meet their forecast and I am very skeptical) of 28 in all the circumstances is not cheap, in fact it looks expensive to me.
What happens to the share price if they badly miss their forecast and the market rerates the future growth down ? Back to a PE in the low 20's on eps of maybe mid to late 40's ?
I think $10 is one possible outcome.
"owner of stainless steel"
does it give them gains in production and how much?
Mr B states what a professional should always counsel to ones clients. Most investors experience those big gains or even trade those big gains at some point but surviving a very risky world market is the goal.
Monetary systems are not a given.
This is one of my problems with couta1 continually pumping the share on this thread - he was very obviously talking his book.
Not that book-pumping is unusual, it's quite natural and leads to healthy debate on share outlook, etc. So long as you put your money where your mouth is.
But at the same time couta (the ATM buy & hold guy) was talking the share up, on the morning of the Annual report it appears he was also selling big!
:t_down:
I cant believe your all still talking about couta1 after he said he's gone for the time being. Who really cares what he said or if he pumped a share he was selling, surely you dont all base your investment strategy on whats discussed here?? Just my two cents.
Following the market trend is the most common way of making small money on stocks for the traders . All the buy reports from well renowned Analysts become public after main trend reversal has already taken place . So people quoting reports and public voices of brokerages against the odds of ATM is just trying to fool us more in selling down a stock which already has become medium term buy for those very people but to their paid clients or own accounts .
70 -80 % of the worst expected out of ATM near term is already priced in . To put is money term ...downside risk of notional losses is $ 2.5 to upside reward of $ 10 in next 12-18 months ...IMHO .
So think logically and DYOR and invest accordingly .
Dont get swayed by already old data .
Buying divvy stocks now like the retail investors are chasing will only burn them in the near future ...Remember all buying ZEL at $ 8 for its 45 cents divvy ...
Buying BRM at 19% premium to NAV is only going to end in disaster for many many ...still many so called experts are advising people to do that but not the ETFs selling at NAV giving equally reliable PIE income dividends .
So I see lots of bad advise in the market ...of all sorts .
My advise ...only Trust your own advise and research
Despite the medium term upside potential, perhaps a timely reminder of what's at stake geopolitically
with A2 and Dairy for NZ (and the mechanisms at work within China)
Disclosure: significant holder of A2
https://www.interest.co.nz/rural-new...+3+August+2020
Is it just my imagination, or is ATM now selling off on the NZX in advance of the daily ASX open...?
Which begs the question, why would anyone wait until the afternoon to sell? Smacks of market manipulation, or am I just stating the patently bleeding obvious...? :cool:
Unfortunately the ferocity of his vitriol became more intense and less rational the more he lost. In the end it became personal, (even against his friends), and there was no room left for calm objective debate, so with that state of mind its good that he's taking an extended break and I wish him well with that.
Anyway, I agree...lets move on, its overdue we get back to discussing ATM
I think we should let it pass now please . He defended his views as passionately as you defend yours . Nothing wrong . But we all should not loose our civility or try to enforce our views or think that only our views are the best or correct one
Even a not working clock shows right time two times in the day !! :t_up:
Very likely that China will choose to overlook such trivial distractions. They can afford to be magnanimous.
Thanks to said 'buffoon in the WH' they have won a trade war they didn't even start, cemented leadership in the region (RCEP) and quietly taken advantage of the major covid-ravaged players (ie all of them). Full yuan convertibility next?
China has a huge population (and industry) to feed. So long as we don't fall into the Australian trap, I can see NZ remaining a valued supplier.
https://www.scmp.com/comment/opinion...-role-and-more about being left out.
Please note the VWAP of ASX ...its good $ 1.10 above current SP with almost 900K shares traded ...
Why so ? Block deal at such premium !!!!
NZ milk & derivative products to be marketed as 'white gold"
https://www.nzherald.co.nz/business...ckling-taste-buds/5ZHBYKR3WKC3YCOFCTJ3MTS4YE/
Fonterra makes a fresh start in China, tapping health and wellness appetite, tickling taste buds
excerpts:
"As part of the strategic reset we are looking at how we can, what I call, valourise New Zealand milk," he said.
The pitch will be that its production is not increasing and that it's becoming "rare and more valuable" to business customers and consumers.
"A lot of what we do is making sure customers understand where it comes from - that it is grass-fed and pasture-raised.
"We have customers looking to use [this claim] to promote the distinctiveness of their product. It resonates with Chinese consumers. For example, one of our paediatrics customers across their infant formula, which we produce out of Canpac (in New Zealand), is now marketing it as grass-fed.
"Not everyone is familiar with the concept of grass-fed so they had to do a lot of research and papers to explain to their customers."
""rare and more valuable"
does this mean milk in NZ will be the cost of gold soon?
does this mean in the country side it get a goat time?
chart says this is the test coming up at 13.60.
Dow coming under pressure.
Wow, so many experts on A2 suddenly appeared from nowhere and even more advisers on how people should invest their money.
https://cdn.someecards.com/someecard...-go--559ea.png
I am not surprised Couta has decided to take a break from the forum. He has been subject to quite relentless and intense bagging about his investment strategy recently. This is not the way to help someone if you think they have a genuine problem. I have no insight into Coutas personal life but I would hate to think he is isolating himself away somewhere not in a good state of mind. I have PM him but I am not sure if he can access messages. If anyone able to confirm he is ok I would be most grateful to hear this :)
He is ok and doing fine ...also he knows what people are doing behind his back ...Not good to talk about someone when he cant defend himself . Especially from people pretending to be his friends .
Anyways I am pretty sure his ATM will be doing fine in the days to come . Investing in a quality company always pays off in the long run ...my firm belief ...just need to believe in yourself and the company's pedigree . :t_up:
A2 is definitely not being helped by the exchange rate.
Could you please explain this more clearly. With China being the most important export market, the NZD to the Chinese yuan would appear to be the critical exchange rate to look at (Not NZD to USD). Over the last year this exchange paring looks to be basically flat at about 1:4.5. There has been a slight tick-up in the last month, but over the last six months the google chart of the exchange rate is in a narrow range of 4.40 to 4.60.
Hi Snoopy. I hear what you are saying and that is correct. If I sell all my holding of a2 shares on Fridays close of $14.59 then would have to pay tax on $354,000 profit. But if I sell bits and pieces over the next 5 or 10 years I can spread the tax out. But in saying that, at different times of the year I will also be buying in at the lower price. Am buying into TPW at the moment and will be trying to make about 6k to 8k loss on that stock after ex div day. TPW is not very liquid and hard to buy into at the moment. Everyone wants the div. Am trying to buy an extra 5000 or 10000 before ex div day. Have you got any you want to sell?:)
Simplistically a higher exchange rate is not good for exporters. Their returns in NZ$ are diminished while their production & domestic costs remain the same.
Applied to all exporters except those with very high import contents in their products or are price makers & can increase their US$ prices.
China currently still use US$ for most of its import prices, I believe.
Good point balance and the NZD might move even higher if they can bring in the crops in the fields. In older times the population would be mobilised to bring in the HARVEST.
Today the labour coffee shop politicians and social liberals (ooops not pointing fingers as us art shop lovers and orchestra goers , check out Nordic Pulse).
Today they just dont have dirt under our finger nails and we have no idea where our slow hands are needed in skilled jobs at harvest time.
US main street is badly damaged and a massive crunch could be coming soon.
OK I am starting to get this. If you make a 6K to 8k loss on a short term TPW trade you can sell an equivalent amount of A2 shares such that your profit on the A2 share sale exactly cancels out your TPW trade loss dollars and you have a tax free capital injection for Christmas. Plus you can bank the TPW dividend which will already have tax deducted from it. But where does buying more A2 shares at a lower price come into the picture?
Sorry don't have any TPW shares I can offer you. Never held and with all the rag tag of assets they own I have found it difficult to analyse.
SNOOPY
However, the reason for the comment is that doesn't factor in Chinese importers exposure to the USD / Chinese Yuan. China after all doesn't use the USD as a domestic currency.
While the NZD is to USD is going up, the USD to Chinese Yuan is going down (7.14 at the end of May, 6.58 now). This is offsetting the increase in the NZD to USD for Chinese importers meaning once both both currency pair's are considered, there is minimal price change in the exchange rate between the starting currency (NZD) and finishing currency (Yuan).
A rising exchange rate is obviously bad for exporters, but how does that materially impact ATM if the combination of the exchange rate pair's means the NZD is not going up to China consumers. (the US operations will be slightly less profitable, dido OZ). What am I not understanding?
Please guys lets not over analyse things . ATM did well at 0.75 USD to NZD rates also as its just one of the variables in the mix . But at present the logistics of one of the main legs of their business is under stress due to disruptions mainly because of Covid situation . So if Covid recovery theme is the flavour of the next 6 months then ATM recovery should also be on the horizon ...rather then the gloom and doom stories coming out from every where .
Someone recommends buying KFL at almost 10% premium to NAV as he likes their exceptional stock picks but berates one of their main picks ATM , suggesting it can depreciate further 40% from its present price . To me it seems very contradictory views on the same website :confused:
Geo political reasons got discussed in a NZH article also quoting Chairman in a interview after the ASM .
Dairy exports are NZ's bread and butter with China being most important buyer / consumer .
I think I will grant our leadership respect enough that they will do utmost not to disrupt it in anyway ...especially at this time .
So for me A2 suffering Ozzy wine fate chance is very very little . Though people are talking about it including Chairman by trying to emphasis time and again that they are a NZ company and trying to make that more obvious by having new manufacturing facility in NZ too , owned by ATM .
All companies go through challenging times ...ATM is going thru one ...mainly due to Covid disruptions which highlighted again the importance of daigou channels to them ....many thought they replaced that completely ...but actually its still very important .
So why cant we put ATM stock as Covid recovery stock ?
NZ leadership is threading the needle.. the geo risk to the stock has so far been low. dont expect 13/60 to be tested for long if ever if the numbers are good.
Management recently highlighted a weaker NZD / USD as being favourable as all the China trade is conducted in USD, they've also stated previously it's the most important currency pair for the business second the AUD/NZD it only makes sense the opposite is unfavorable. I'm not saying the impact is crippling or anything but just another headwind a2 management need to sail against.
Hi Snoopy, something like that, but don't want to bore people on the a2 thread with my tax obligations. The profits I make is not just from a2 but all companies I buy into. I can explain it in more detail at the next sharetrader meeting or at the fortnightly sharetrading meetings we have with the 'Auckland Meetup Group'. As for buying more a2 shares at the lower end of the cycle, I just can't help myself....gambler.... and when they go up again.......more profit:eek2:
Next basic question.
If you knew you sold X amount of product previously into a market, through daigou/backdoor/smuggling, and you knew that channel had become compromised, would you just hope it comes right, or promote the other channels into that market, or find other markets for X+, that may have a similar predisposition to the product, eg; Thailand, Vietnam, Indonesia, Phillipines?
Doey, not hui.
From Kingfish announcements it appears as if they are still buying / accumulating / taking a punt on A2
Looks like they about a million more shares than six months ago
I take that as a positive Winner, been a bit of drama on this thread the last week while I was away..... sad to see Couta silenced.
The shorts are still active and looks like the SP is going going to be depressed until the new CEO is entrenched and reports positive progress.
Attachment 12105
While the long term picture is still intact, I post less on ATM these days as my 'free hold' shares aren't typical and I feel for those being hit by the current uncertainty.
40% of my portfolio and still a hold IMHO ... Kingfish or shorters aren't prying any from my tight grip.
Upsetting New Zealand’s most significant trading partner seems like a very silly thing to do. So, why, Chris Trotter asks, did Foreign Minister Nanaia Mahuta do it?
https://www.interest.co.nz/opinion/1...ly-thing-do-so
It is quite ironic that NZ joined the UK and the other five eyes nations in insisting that China uphold the Joint Declaration Treaty with the UK on Hong Kong. The UK itself has threatened to disregard its Treaty with European Countries if it becomes inconvenient.
Why is it called the Five Eyes and not the Ten Eyes? Is it because each of the five nations is one-eyed?
U sure have a very keen eye buddy . Last NAV report had it at 14 % up from 13% on last week while price went down slightly ...clearly shows they adding to their position .
Many have great regard for the Kingfish portfolio and its outperformance as its price keeps going up just for its 2% divvy policy , total disconnect at the moment to its intrinsic worth . IMHO this story will not end well ....I mean KFL SP ...not their outperformance . ATM is their Top pick for next year boost to NAV after FPH / MFT having done a lot this year !!
Many parties and people within the UK also called the UK government out on it too. The British treaty breaking provisions are in a bill (Internal Market Bill) that is currently going through the UK Houses of Parliament. The UK government (run by right-winger Boris Johnson) fully intends the Treaty breaking provisions to become law. I think this threat and intention are enough for the British Government (and Five Eyes) moral high-ground to be undermined when it comes to the attitude to International Treaties and law.
EU launches legal action against UK over controversial Brexit bill
https://www.euronews.com/2020/10/01/watch-live-von-der-leyen-makes-brexit-statement-after-uk-mps-approve-controversial-bill
at June 30th A2 was 14.6% of KFL holdings about $60m at share rice of $20.19
The fund is 11% larger now and even though A2 share price was $14.54 A2 was reported as 14% (probably 13.6% in reality).
Sort of says that they now have 1.3 million more shares than at June 30th and about $63m invested in A2
Strong support / belief for/in the A2 story and its long term future.
As couts say its the 87% real investors like Kingfish slowly increasing their overall share
geo risk increasing, remember our politicians are new at the job... i dont think they are going to rock the boat though..(hey arnt that silly are they) , next report is awaited.. Kingfish have been done well .. so far.
so much for no likely hood of china doing to NZ what its done to Aus.
A2 liquid UHT milk now launched in China via JD Mall and T mall. See link here.
Good to see this strategy to diversify away from IF powder and extend market penetration into other age groups.
I stand to be corrected, but understand the A2 UHT milk is being sourced ex Aus (effectively broadening distribution channels into China as well.)
More Competition
Keytone Dairy (ASX:KTD) is pleased to announce it has received a materially increased sales forecast from Nouriz (Shanghai) Fine Food Co., Ltd (“Nouriz China”) for the manufacture of Nouriz China’s private label whole and skim milk powder into China for calendar year 2021.
Nouriz China has provided Keytone with a materially increased sales forecast, up by 24 per cent for the next calendar year, compared with the prior 12 months to October 2020. The growth comes on the back of:
a significantly increased sales forecast received from Walmart China (announced to the ASX on 24 September 2020) of NZD $7.2m, 257% larger than the 12 months of Walmart sales to September 2020 and 3.8x larger than the prior Walmart China forecast provided; and
a key contract win with leading New Zealand grocer Foodstuffs for the manufacture of their whole and skim milk powders, forecast to be worth NZD $7.1m over two years.
Competition isn't necessarily a bad thing, it shows there is significant demand for the product(s).