Nah we need a nice healthy correction, so I can get back in, I've been left at the bus station a bit.
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SML's report today of a doubling of infant formula production capacity by November 2017 and splitting that increase over 2 plants (to protect against Chinese regs) has got to be good news for ATM.
V happy holder.
Inching close to that magic $3 number....
Looks like NZ has got a little in front of AU price currently - $2.70 in Oz equates to $2.94, but $2.96 here.
Depends which is driving who!
As a side note on competitor, looks like Bellamy's woes continue to grow as their CFDA requirement won't ne ready by target date of 1 Jan 2018 as per today's release to ASX.
More market share I guess for ATM .... and as per Peter Nathan during recent media discussions they seem to be very confident of achieving the CFDA registration by the required date.
Almost got there..$2.99, closed later in Australia at $A2.74 which based on mid point of inter bank exchange rate = $2.9975, surely with a bit of rounding, (creative twist) that counts as $3.00 right :) all good and makes for a very happy hound for 31 March...one more time, sorry couldn't resist - http://www.bing.com/videos/search?q=...CC&FORM=VRDGAR