Watch and learn. Happens all stocks, NZ and Aust in the pre open and close of play each day.
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Not long before open and price match at AUD$7.38
Edit an an opening of 7.22 and now 7.33
Closed just a cent shy off 7.50 at 7.49 on ASX y’day, equates to NZ 8.23. Looks like it’s on the way up from here after recent sluggish run.
As long as the dog's tail is pointed upwards and wagging it doesn't matter :)
Cliff Cook used to own half of ATM.That's about $3B!
Article behind paywall in today's Australian saying in 2018 ATM and SML will benefit from;
a.) From this Monday, 1 Jan 2018 - No infant formula products are allowed to be imported into China unless they are registered and approved by Chinese Food and Drug Admin (ATM has registration - many haven't.)
b.) SML's planned $125 mill expansion will allow Long Life A2 Milk to be sold in China.
c.) Also under Australia's Free Trade agreement with China from 1 Dec 2017, Aust sourced fresh A2 Milk is able to be supplied into China.
Interesting times ahead.
My biggest mistake of 2017 was selling my large holding before it doubled in value over a 3 month period, I was stubborn thinking I'm not buying back in as I considered it was only being driven by hype in the main. Needless to say I won't be repeating the same mistake in 2018. Not expecting the same acceleration of share price, but I'm putting a $12 target on it by this time next year.
I hold in my real portfolio and the ST 2018 competition. Long term this is a superb hold but I think genuine patience may be required for the early part of 2018 after a stellar 2017 SP performance. Holding long term and very confident this will at least double in the next 4-5 years. Also holding Synlait long term.