https://www.nzx.com/announcements/365379
So Synlait is expecting a 35% drop in IF sales by ATM.
All Covid & daigou related?
Read the text carefully and you get a few clues that there is more to the drop than just Daigou related?
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https://www.nzx.com/announcements/365379
So Synlait is expecting a 35% drop in IF sales by ATM.
All Covid & daigou related?
Read the text carefully and you get a few clues that there is more to the drop than just Daigou related?
Good post percy - yes those mentioned companies did fix things and became great .... and many others have done the same
I'd say A2 will fix things as well .....esp as Babidge is about to go but something for the new man to get stuck into.
New guy done things like this - '...during which he restructured and transformed the business into a brand focused, leading omni-channel retailer with successful wholesale partnerships, delivering double digit compound annual growth in sales and earnings over the past five years'
I like this bit about him 'David has demonstrated significant skill in guiding businesses through periods of significant growth whilst also effectively managing the changes that expansion frequently requires'
synliat update is another massive downgrade , a2 must be forecasting huge reduced volumes going forward. probably not wanting to get caught with inventory issues
Actually, if they have huge inventory levels, there is every reason to cut back on production orders until the situation settles.
As an aside, a contact of mine bought a couple of cans of A2 IF over the weekend and said she was surprised at the production date - 27 Jan 2020 & 6 April 2020. Starting to supply from the built up unsold inventory?
Seem to recall the new man Martin Stewart at Sky TV was going to do the same? Great credentials too!
https://www.nzx.com/announcements/327350
This is the problem with this site - too many with vested interests trying to ramp up and down to suit their positions.
I have not shorted ANY stock in the last 2 years - as befits my belief that the market would be a good one for going long, rather than short. So put that insinuation of yours to one side for a start.
Brand & channel switch are real possibilities especially when new competition has entered the A2 market (eg. Karicare at $10 a can cheaper in NZ than A2) and consumers in China can now buy directly from ATM's sales channel there rather than Daigou.
A double downgrades in 3 months is a serious matter - not a blip as some here would like us to believe.
"27 Jan 2020 & 6 April 2020"
hardly just in time...
https://www.shortman.com.au/stock?q=A2M
60m shares shorted as at 14 December.
Going to be fascinating to see whether shorters are covering or adding to their positions.