As you know the market is always right, logic doesn't come into it. PS- As I dont trust the market anymore than your garden variety car salesman(salesperson for those PC inclined) I dont care if it's right or wrong at any given point in time.
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FYI paraphrasing Rohop on the HC thread, who points out;
ATM now #37 in the ASX top 50 with a market cap of $11.32bn. CEO Jayne's old company Qantas which used to sit at #46 in the ASX top 50 is currently languishing outside the ASX top 50.
Interesting times.
Goldman Sachs reporting that ATM now at 8% of Chinese IF market (at end April) with 63% sales increase.
Danone down 5% and Nestle down 1%. (Source HC.)
Attachment 10552
https://www.bloomberg.com/news/artic...t-disposal-q-a
I could give you a suggestion what to do with that money........
I got told recently Fonterra at the opportunity to take out A2 at 50c/share years ago. Mind due, that would have just been another complete Fonterra SNAFU if they did.
Price dropping......maybe in preparation for Hrdlicka to drop off her shares to the market. The whole market has been unsettled as a whole, but I when she drops off her shares at market rate, the share price in the short term will drop. Great buying opportunity I feel in comparison to other growth shares out there. Of course DYOR
http://www.scoop.co.nz/stories/BU190...first-time.htm
l,m asuming A2M has some share of this ?
Starting to look oversold, haven't got any more money to chase it down so have to be happy with my avg of $16.03 for my latest good sized holding. PS-NZX looking a bit sick and boring so like Beagle off to do some real work this arvo, just a matter of time before this beauty has another run up so just need to do nothing and be patient. PPS- I'm feeling about right in my diworsification again with only 3 stocks in my portfolio.
Nice little uptrend last couple of hours. Is this the start of the slow trend back to $17:t_up:.
Looks like the big boys are finishing the day