Hey Bob …..think it says we (A2) want to make some of this ‘exclusive’ stuff ourself (MVN) so we found an reason (DIFOT’ to end the ‘exclusive’ bit ….and we not really friends
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Hey Bob …..think it says we (A2) want to make some of this ‘exclusive’ stuff ourself (MVN) so we found an reason (DIFOT’ to end the ‘exclusive’ bit ….and we not really friends
Whatsup …A2 paid an average of $6.69 for their 43 million shares
So as Friday more than $230m down the gurgler
But heck … HUGE strategic value in being 19% shareholder eh
If A2 uses Matarua for production of English label IF, I guess the margins could improve and also CBEC channels showed an improvement of 8.3% YOY. I sort of get what’s going on in the management”s mind. Improve margins(as it’s manufactured by A2 itself) and eventually throw synlait from the cliff.
China Animal husbandry group which owns some of Mataura is a state owned enterprise. Would you prefer the state owned business helping your business, or Bright Dairy a business based in Shanghai. I mean best to not piss anyone off, but I would back the state owned enterprise for China every time.
I assume you realize that Bright Dairy is a part of Bright Food, which is wholly owned by the Shanghai Municipal Government. Which in China clearly means it is a state controlled business, unless you expect the city of Shanghai to do something the dear secretary would not like, which they would do at most once.
In practical terms it does not matter in any shape or form, whether the Chinese company you are working with is directly owned by the state or owned by some local Chinese authority which reports into the state as they would.