AGM tomorrow, b 4 covid the meeting was a must attend, but tomorrow , what ? , who is attending ?? !
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AGM tomorrow, b 4 covid the meeting was a must attend, but tomorrow , what ? , who is attending ?? !
S Hers can attend the AGM by vertual link today @ 11-00
Meeting materials - https://www.nzx.com/announcements/421740
I wonder if the A2 meeting will be as interesting as yesterdays meeting at the Pullman?? With Chris, Winnie and David??
As for an outlook:
Moving now to our outlook for FY24. As stated at the time of our results release:
• We expect China IMF market conditions to be more challenging in FY24 compared toFY23 with a further double-digit decline in market value;
• Despite these headwinds, we expect to continue to gain market share in IMF; and
• At the group level, we are expecting low single-digit revenue growth, EBITDAmargins to be similar to FY23 and an improvement in cash flow.
no positive outlook statement
$1-00 cash / share on its books so $3-00 + for the rest ?
Up 5% + today, not too bad for a down day imo.
Given the conditions they are operating in ATM is actually performing quite well. Gaining market share in a shrinking IMF market in China and maintaining margins is pretty good.
A2 Milk boss says China formula market in steep decline
https://www.afr.com/companies/retail...0231116-p5ekd9