Paper profits are only therhetical, locked in ones are real, which do you prefer?
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Sold about 15% of my holding 12 months ago at $2.25 to do exactly that, leaving the remaining holding almost at nil cost. Given the massive jump since, I do have the odd sick moment but this is balanced by the main holding doing so well! I just have to remind myself not to be greedy. Despite being far and away my largest holding, I did have some scepticism about the A2 price at that time, hence the sell, but can now only see upside for a fair while yet.
https://www.stuff.co.nz/business/far...s-now-infected
Does anyone know how far away this is from the A2 farms, and what affect it might have ?
I was in ATM from almost the beginning and held through some serious ups and downs and accumulated right throughout. My friend the Beagle even recommended I accept an offer of 60 cents at one stage, which thankfully I didn't :-) Sold all some time ago with a very good return as the money was needed in another lucrative opportunity. Could be argued I sold too soon but the money was put to good work elsewhere. I do however wish I had not sold all of my ATM and based on that would recommend whatever you do, to keep some skin in the game with this one. A great company with a great product and nearly unlimited opportunities. It will all depend on execution and I for one want to see them grow faster outside of China and Australia. I will definitely join the share register again when the time is right for me
I would be more concerned about the South Canterbury farms than Rangiora ... however it sounds like that Mycoplasma bovis occurs now towards the north as well as towards the South of the location of most A2 herds.
From some reports in the radio it sounds as well the MPI is treating the whole thing with its usual incompetence (suspected herds allowed to graze up to the boundary fence with not infected herds just over the fence). If this results in additional infections I am sure this will help to improve neighbourly goodwill for years to come.
Anyway - it is a disease which is endemic in most parts of the world - i.e. people and cows can live with it. No food safety risk, either. It just means affected farms will have a higher rate of sick animals - reducing the overall herd yield.
I assume NZ farmers will learn to live with Mycoplasma bovis as everybody else does. Similar like Varroa to honey bees. Not the end of the world, just another expense and pain.
UBS announcing it has been taking some profits, reducing holding from 6.14% to 5.03%
Some nutritional information to consume with your morning tea :)
https://www.nzx.com/files/attachments/265153.pdf