Welcome aboard to you Ginger Steps.
Alas it seems A2 is not much known here in NZ like it is in NSW and VIC, even Wagga had A2 when I lived there. Onwards and upwards indeed, in the UK now, next the US then Europe.
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Welcome aboard to you Ginger Steps.
Alas it seems A2 is not much known here in NZ like it is in NSW and VIC, even Wagga had A2 when I lived there. Onwards and upwards indeed, in the UK now, next the US then Europe.
what day are there results announced? is it next week
FYI
Just been on the A2 facebook page and discovered that a2 Milk is a proud sponsor of MasterChef Australia 2013.
Great way to push the brand in front of millions of Australians.
My take is that ATM are fairly valued at present, and I’d be content with them adequately meeting guidance and continuing the steady up-trend.
ATM have been selling into the UK via the Wiseman JV for less than a year to June 2013, so we should not expect too much just yet in the way of revenues, and there will be as a matter of growth, JV costs to consider. I would be satisfied if ATM have entered with an inaugural part year (9 month) market share of 0.5%, IMO this would represent a very good result in respect to the Australian ramp up when at that stage.
Infant formula product sales in China were not planned until September 2013 so therefore we will not see any revenue contribution at FY13, but we may see lead in and ramp up costs.
Australian revenues will be impacted by the move in exchange rate.
ATM guidance is FY13 EBITDA of 11.2M before intercompany charges. I'm calling for FY13 revenues of 92M (+48%) and NPAT of 5.0M (+18%) as being a good solid result whilst ATM are investing heavily in future growth.
We'll we will soon find out....annual results announcement tomorrow.
You'll likely be pleased to know Mac that I'm holding A2 "long-term" !
Well done blakecb, hope we all prosper together.
The depth is showing an opening at 75c a break of resistance at 74 and therefore adding another buy signal to add to the collection
All excellent news TA wise
http://i458.photobucket.com/albums/q...TM28082013.gif