Why hello there Mr 1 million share order at 55. Have been making progress through them sellers this past week, now only 1 million between 56-60.
Printable View
Why hello there Mr 1 million share order at 55. Have been making progress through them sellers this past week, now only 1 million between 56-60.
Fantastic huh? Been some big volumes the last few days. I suspect that 59 cents will be getting tested soon :t_up:. You still in or bought back in moosie?
The guy buying 1 million shares has pushed his bid up to 57 :t_up:
New A2 infant formula heading to China
Voxy
New Zealand listed dairy company A2 Corporation (NZX:ATM) is ready to tap into the lucrative international demand for New Zealand made infant formula with ...
Maybe this will help the price along ( just when I sold half of my holding)
Hopefully this can boost it through the 59 resistance and send it towards its former highs. MACD is getting close to crossing. Milford becoming an SSH again is a good sign too.
A good write up in todays NZ Herald too. Expect a bit of movement today as awareness spreads.
http://www.nzherald.co.nz/business/n...ectid=10878909
New A2 infant formula ready for China
NZX-listed alternative milk company A2 Corporation says the first consignment of its new infant formula brand will be shipped to the lucrative Chinese market next month, followed by distribution in New Zealand and Australian supermarkets soon after.
The company has appointed the China State Farms Holding Company Shanghai, a subsidiary of state-owned China National Agriculture Development Group Corp, as the exclusive Chinese distributor of its Platinum formula brand.
The formula will initially be sold in Beijing, Shanghai, Guangzhou, Tianjin and Chongqing before sales are progressively expanded to other major cities in mainland China, as well as Hong Kong and Macau, A2 says.
The company expects to be generating annual sales of $60 million in China by 2016.
In October, A2 announced a strategic agreement with Canterbury dairy processor Synlait Milk to manufacture A2-branded milk powders and infant formula at its facility in Dunsandel.
A2 sources its milk from cows that are selected to produce A2 beta-casein protein.
Managing director Geoffrey Babidge said A2 milk was more comparable to milk produced naturally by mothers than other beta-casein types.
The fallout from China's 2008 melamine scandal, in which several babies died after the toxic chemical was added to baby formula and milk powder, has driven a massive rise in demand for imported formula brands.
A2 shares closed at 57c on Friday.
Have broken through the 59 resistance with ease. Big chunk of sellers at 60 (700k) so I wouldn't say we have broken free just yet. Not many sellers after that though!
I would like to know if their product is arriving in China just as they send it from New Zealand or if it is being sent to Guangzhou /Shanghai first for "processing". This is because I know how Chinese do business here with other imported milk powder which is to take the imported powder in bulk, cut their own ingredients into it then repackage it for mainland customers. This makes them more money but of course introduces Chinese capitalism into the production chain, causing the addition of unknown elements into their product. Anyone know the answer to this or can call the company for clarification? Chinese people will pay top dollar for the real deal milk powder, but anything that has been processed in China they will be highly sceptical of.