As I wrote, same discussion in Nov 2020 - how great ATM did etc etc - and ATM put in the worse performance in overall sales growth (backwards) ever in its history!
The hype is over - it’s down to performance.
Printable View
Price plummeting - what's the news?
A2 milk deleted from MSCI index NZ.
"MSCI NEW ZEALAND INDEX Deletions THE A2 MILK COMPANY"
Dropped down to 5.9 then rapidly recovered back to 6.3 gain. Seems to be some serious conflicting thoughts out there with ATM currently. Some die hard believers holding the SP up even amongst more continued bad news. Quite surprising really that we haven't seen SP drop back below previous lows already.
I believe Instos own majority shares in a2 so MSCI was expected but this may help
Singles’ Day shopping festival posted record sales of 540.3 billion yuan ($84.5 billion),
Scheduled to hit retailers January 2022
BOULDER, Colo., Oct. 26, 2021 /PRNewswire/ -- The a2 Milk Company™ and The Hershey Company today announced the upcoming release of co-branded Hershey's/The a2 Milk Company chocolate milk, marking Hershey's first partnership with a premium milk company. The new Hershey's a2 Milk® will pair America's #1 milk chocolate brand with one of America's fastest-growing premium milk brands to provide a natural chocolate milk that uniquely combines the taste, nutrition and all-family appeal that should drive premium milk sales.
https://mma.prnewswire.com/media/166...Milk.jpg?w=500
https://www.prnewswire.com/news-rele...301408638.html
https://www.nzherald.co.nz/business/...2MWVOYH75ZBHY/ Paywalled
Headline - Blow for a2 Milk as it falls out of MSCI World Index
Excerpt :-
Because of this year's share price drop and its lower market capitalisation (now $4.62 billion), a2 Milk will be removed from the MSCI New Zealand Index on November 30, and it won't be replaced....One analyst said passive funds will need to sell up to 80 million a2 Milk shares before the end of the month as they rebalance their holdings.
Good luck to shareholders, you're going to need it :eek2: