Bellamy's have reported strong results this morning...
Revenue up 95% to $244.6 ml
EBIT up 342% to $54.3 ml
NPAT up 322% to $38.3 ml
They've also declared a fully franked divvy of 11.90 cps.
Well, this sets the tone for ATM results next week :)
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Bellamy's have reported strong results this morning...
Revenue up 95% to $244.6 ml
EBIT up 342% to $54.3 ml
NPAT up 322% to $38.3 ml
They've also declared a fully franked divvy of 11.90 cps.
Well, this sets the tone for ATM results next week :)
Absolutely, can't wait any longer.
On the divvy side, I doubt if they declare one (even small). They've just started hitting big growth phase in China, UK is likely to be break even or making small profit and US expansion is still to get traction, so they would need cash flow to meet these objectives.
Also, remember their shares on issue are very large 700mln or so, even if say 5c divvy its like payout of $35mln and remember they had about $50 mln cash on hand from their recent trading update. My take is probably no divvy yet, but you never know if they would like to throw a bit of surprise to demonstrate how strong they're growing...
ATM has 723,300,065 shares. A 3c div= $21,699,001.95c pay out. And a 2c div= $14,466,001.30c pay out. I would be happy with either one as a goodwill gesture for us long standing devotees, it would be an unexpected surprise, but don't expect anything:(. If you expect something that doesn't come it's a double downer. If you don't expect anything, and then it eventuates then it's a double upper:).
Excerpt from todays release.
Both companies will continue to work closely to forecast demand and supply
for a2 Platinum(R), particularly in relation to the evolving regulatory
environment.
My gut feel is sales have been hit given this situation. The result for 2016 will be as forecast but infant sales are going to slow which is going to have an impact on 2017 forecast. Not long to wait to find out what the 2017 forecast will be but I think the current SP reflects the belief that there is going to be continued growth in this area. I'm not so sure. IMHO.
One must wonder about the timing.
Just before you announced how much you have grown, you announce signing of a supply contract for the next 5 years.
Methinks that's a good sign for tomorrows news. Especially as they are likely to announce over 100% growth. Normally for a milk supplier a huge jump in growth numbers will mean serious supply side constraints. Due to A2's ability to quickly test cows and separate them into different herds combined with the increased premium which encourages farmers to do so, the supply side from a farm perspective shouldn't be a problem (at least not for long). Now its also not a problem for the processing side either.
WOW!:t_up:.