They also own over 5% in SkyCity and FPH
Printable View
Vanguard sees value and purchased 13.9 mill shares at $10.89 and makes me happy! :t_up:
With all the doom and gloom in the markets it is nice to see the Coppo report still favouring ATM/A2M, mentioning November statistics that milk formula exports ex Lyttelton are up 162% on the prior period.
This pic says it all....
.Attachment 10213
A2 has been quite defensive of late, unlike some others I don't consider it that risky a stock to have an XXOS sized holding in.
https://www.nzherald.co.nz/business/...ectid=12180909
News like these does not help the sp anyways... Macro sensitive stocks like ATM which has a bearing on geo-political shake ups will bear the brunt...
Interesting and troubling times...
True - but than, billions of Chinese babys have been raised over the centuries without this special tinned A2 formula from New Zealand. Maybe, if they really must, they manage to do that again?
I believe that it is crucial for A2 (as well as SML) to keep the trading relationship with China intact. They probably would survive with this market breaking away, but their books would look ugly for years to come.
But than ... who knows - maybe the big orange haired baby in the white house needs lots of infant formula?
As always a bit of a sensational article by the Herald.
[QUOTE=couta1;742046]As always a bit of a sensational article by the Herald.[/QUOTE
Didn’t help the SP too... all along the week she was so steady and this article came and the rest is all we know now couta.. I hope the news does not ruffle much
http://www.xinhuanet.com/english/201..._137695954.htm
This will result in lower tariffs with trade partners including New Zealand, Peru, Costa Rica, among others---A Snippet in the newsfeed listed above...
In this envoirnment... any news is good news... but the question is will A2 and SML benefit?...
Yes good news for the two companies and ATM in particular which continues to outperform the market. ATM is a high growth, high PE company which you would expect to under-perform in such turbulent times. The fact that it's been stubbornly holding up tells me the business is tracking along particularly well and in the companies words the 'unprecedented demand' continues (https://a2nutrition.com.au/home/stoc...-announcement/).
A2M having a good day on the ASX today
Bodes well for good start to the year on NZX tomorrow
WTF going on A2 share price
China problems again or something?
Just following the same daily trends as US stocks with high P/E ratios.