Got that one correct up .90 , well done those who bought at the low !
Printable View
https://www.morningstar.com.au/Video...roundup/215645
Nice to see some volume through the NZX today too. Enjoy
this cant be good
China’s population could halve within the next 45 years, new study warns
https://www.scmp.com/news/china/scie...gtype=homepage
" The a2 Milk Company continued its recovery, rising 26c or 4.21 per cent to $6.43. Goodson said there is a school of thought that possibly a2 Milk is past the worst and there is still strong underlying demand for its product in China
There was initial speculation that a2 Milk would fall out of the MSCI Index, but now some people think it will stay in – and tens of millions of dollars worth of the stock has been sold short. It's quite an interesting counter-trend, and we will know later next month after the index's pricing period."
ATM is showing technical pressures on the upside ...big shorts are helping it stay in the range of $ 5.50 to $ 7 IMO
A2 Milk at 'peak uncertainty' after Covid-19 hits key daigou trade
Tina Morrison05:00, Oct 01 2021
“The company is obviously so uncertain in their own business, that they’re not prepared to give guidance, so you can imagine what that makes a potential investor feel like,” says Dickie. “It is still a very cloudy outlook.”
https://www.stuff.co.nz/business/the...y-daigou-trade
could be quicker
Fear about the potential impact of Covid-19 following some news reports linking China’s Sinovac vaccine to miscarriages has caused people to delay having children, further shrinking the market for infant formula
https://www.stuff.co.nz/business/the...y-daigou-trade
ATM rallying forward now. Or a hopefully little run ending in further falls hitting a new low below 5.40. P/E and current fundamentals would suggest SP should actually fall a long way still below $4. So why re we seeing this current rally? Market traders setting up to short again soon?
Chartist strategies at play or something else?
Thoughts guys and girls?
Citi believes there could be more bad news looming for A2 Milk. The broker is basing this on the fact that the company has yet to announce its performance rights for its CEO. It feels if things were going better, this would have now been announced.
Citi feels more bad news could weigh heavily on the A2 Milk share price. However, it also suspects that further share price weakness would make the company vulnerable to a takeover in or around the $7.00 per share mark. This is based on comparable acquisition multiples.
And judging by the company’s share price performance today, it appears as though some investors are focusing more on the potential takeover approach instead of the suspected continued underperformance of the company.
What’s next?
Time will tell how A2 Milk is actually performing. However, the good news is that investors won’t need to wait overly long to find out. The company is scheduled to hold its annual general meeting in approximately seven weeks.
All eyes will certainly be on A2 Milk shares that day.