ASX a good place for Freedom to dispose of their shares, if that is their intention
That's my story and I sticking to it
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ASX a good place for Freedom to dispose of their shares, if that is their intention
That's my story and I sticking to it
Does the free trade agreement with china aus help a2 fresh milk sales in the future?
Great day at the office (sitting in the garden in Wellington's gorgeous sun actually).
Very pleased about that. I see Babidge highlighted certain research areas including child behaviour which I think will be a cracker - it's a top concern for so many well-heeled parents, and not too difficult to research clinically. They should also be able to nail down the A1 connection with autism (or at least the benefits that many autistic sufferers get immediately after switching to A2) and the link with SIDS, where the researchers are already halfway there - that could be an absolute bombshell. I've heard there's actually quite a lot of research in the pipeline or planned already that is going to knock people's socks off.
Yeah, I was tempted at question time with that one too but refrained, Freedom just seem already flush with cash for the time being with $100M to invest in the dairy sector.
They do seem to be more of a seed capital company but I can't see them discharging much ATM over the coming couple of years, very bullish, certainly their representative was today, it seems more like they wish to form a dairy mega company to me.
Well, here's an interesting announcement about the Chinese moving into a dairying partnership in SE Australia with none other than Freedom Foods and the Perich family, the biggest stakeholders in ATM (Perich dominates Freedom, which has 18% of ATM). No talk of any tie-up with ATM, though.
http://www.sbs.com.au/news/article/2...est-aust-dairy
The timing of this new announcement coincides with the signing of the China-Australia free trade agreement.
This will probably chew up some of Freedom's $100m reserves mentioned by MAC above, and of course some of Perich's virtually inexhaustible resources. So where does this leave ATM?
Freedom said recently it intends to keep a strategic stake in ATM in the medium-term, while keeping the option to "realise capital from the investment to support growth opportunities." It has already made significantly costly moves into the US where it aims to expand into its prime area of interest, the health-foods market.
Perich last month visited China to sew up the deal just announced and said he was ready also to spend $100m expanding his NSW dairying empire to meet demand from Asia.
All this indicates Perich and Freedom have far bigger plans of their own than being part of the ATM story, but they both freely acknowledge the important role of A2 Milk for those who have problems with standard milk.
This rise in share value is going to make Friday's Comp results interesting..
Eh !!.. percy ???
Thanks GS. It was a good meeting and good views of Auckland harbour. I put my hand half up and changed my mind, but before I knew it some young lass had a mic under my nose. Buggar , I'm not a public speaker, so the question was...(1) Would more promotion & sales in NZ be good for a2mc. (2) Have you considered bringing out a new a2 chocolate milk product to help boost sales. The reason I asked q2 was because I promised a customer at countdown last week who could not find any chocolate milk, and said I would ask at the agm. The problem was because I was so nervous of pub. speaking & woman with mic , I could not take in the answer. All n all I got a good positive feeling about a2mc , which I had before the meeting, and would not hesitate in buying more shares in this company. Regards see weed.
FA of A2 milk company looks very positive after several releases today, with numerous potentials in med and long term.
http://www.nbr.co.nz/article/a2-milk...2015-bd-165539
see_weed, not sure whether this could answer your first question at AGM.
""Sales in New Zealand remain miniscule and the sole licensee, Fresh Valley, has been told its licence won’t be renewed when it lapses in May 2017.""