Speaking of new CEO. Have we had any kinds of interviews with him in newspapers or magazines? When Jayne became CEO I quickly had an impression what she was all about but the new guy is a mystery so far.
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Speaking of new CEO. Have we had any kinds of interviews with him in newspapers or magazines? When Jayne became CEO I quickly had an impression what she was all about but the new guy is a mystery so far.
and @ Maxtrade. Never guess a bottom. However I do believe in DCA when a) the story changed and I like it and b) the market seems to like it too and it is trending up again.
Remember that David was appointed in August 2020 when everything was sweet for ATM - record sales, record profits, bright outlook and share price at all time high.
He was going to take over the rein with a solid growth platform to take ATM to new highs.
Then came the sale of shares by insiders and the triple profit downgrades.
He is a seasoned operator (like Jayne) but he is not going to make the same mistakes as Jayne did - mouthing off strategies & plans until he has assessed fully the unhappy situation ATM is in & put in a place a strategic plan to turn things around.
A plan with 100% buy in & support by the BOD before he announces it.
So his announcement is eagerly awaited.
Because of this uncertainty I sold all my holdings some weeks back. I can only see 3 reasons which would move the SP upwards where I would feel I missed out.
a) exceeding and upgrading forecasts
b) another baby formula scandal in China
c) takeover activity
Neither to me is likely in the short term so why hold and freak out about the constant downward spiral.
I like the last 14 posts. Very good reading. I have still got my 50c shares which am not selling, but am also waiting for next update. Am not going to say how many thousands my portfolio is down this year. A2 does it to me every year for the last 3 years, but this year is a bit deeper, but I can absorb that. A2 update was on 22/4/20 last year. This years update not out yet. What normally is the results of a later update?
I also bought at a $20 average, caught the knife down to 60%.
I noticed very important patterns that altered my decision to sell a few weeks back
1. It was affecting my mood almost daily.
2. I was scrambling looking for reassurance.
3. I wanted to defend every positive remark towards ATM and snuff at every negative remark.
I decided the paper loss was not significant enough to alter my mood, I felt my mood changed because I spent time looking at share forums and being a part of the spit for spats. This is Investing 101 don't dos, do not be emotionally involved, I told myself I wasn't but now I see I WAS emotionally involved.
So I sold at a 60% loss and said if I believe in the company I can buy back in later. Take the loss and learn.
Now I have sold I look at the company differently. It's funny how we tell ourselves it's fine.
I'm not telling you to sell, I do not know the impact on your mood or financial situation but what I would say is, if it's not a big enough loss to recover has it all been worth it?
I wish I stuck to my plan that if it falls below 10% I would sell, but I never, instead I fed into others positive outlook.
Now I have taken what was leftover from ATM and reinvested elsewhere I have already made almost 50% back of my loss and feel a lot happier with a very expensive basket full of hard-hitting new lessons.
Hope this helps you make the right choice for your own personal decision maxtrader.
Fantastic SW, I bought ATM at average 77c, but sold out all at around $11. Now I re-enter from $8.5. I don’t think A2 story is over given it has successfully built brand awareness in China. And its penetration is still low in China. The mistake A2 made over the last year is miscalculation of daigou in Australia & NZ, which caused excessive inventory held. Now they have to discount the price to quickly sell these inventory that are close to expire date.
But at same time, I note A2 Chinese label IF sale at much higher price, which means as long as A2 IF has normal length for date of use. They can still be sold at premium.
I would also like to point out I didn't just sell primarily for my mood and mental health. I decided that the world is still far too messy with Covid, the daigou is still likely being hammered with a lack of students. China is pulling away from western markets and the road for ATM recovery will be long and punishing.
Somehow I am still up overall on A2 despite topping up at much higher levels. Another $1 down and that story will change though!
I think the story is looking a bit bleak at the moment, and in the short term there is probably better investments elsewhere.
However, I don't see the point of selling if you still believe in the long term potential of the company. I am trying to add onto my portfolio these days, rather than moving investments around. This tends to work better for me. A2 is probably the only exception where I should of seen of this coming 6 months ago. I think the market has priced in most the negatives now though, so I do see more upside overall at these levels.
It’s all doom and gloom at the moment. I agree that the company is going through some serious issues both logistically and also in terms of competition. But NZ govt”s recent 5 eyes announcement in detaching trade with “other” issues could be a master stroke for A2. Hope they capitalise on it(it is still a NZ company)
Last results investors call is attached ( about two months ago) if all is delivered as per their projections then we should see an uptake.
https://assets-au-01.kc-usercontent....-%20250221.mp3