Well spotted. FPH market cap is $7.3 Billion, ATM $8.0 Billion at $11.
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Crikey…. I read the result early this morning…. heart starts pounding so I go for a walk to calm down and come back 2 hrs later over $70k better-off. ( Maybe that's not much to some, but that's a huge amount for me!) Thanks ATM. Thanks to other posters here who shared the belief over the last 3 - 4 yrs.)
As I digest today’s great news I think the key is still the Frontera link and although we expected gains due to the SML production doubling…. now the added Frontera JV greatly accelerates that growth.
The Frontera link means:
- A2’s valuable IP just got a major credibility boost.
- Huge growth in A2 raw milk production base.
- Huge growth in the number and variety of A2 product extensions available worldwide.
As one Hot Cpper poster summed it up;
“Basically, it's brought together the best of both companies: A2M's know how, branding and marketing with Fonterra's supply and manufacturing capacity in any product and region A2M's chooses to grow.”
Add to that, ATM’s growing strength in the UK and USA and whoopee. Our predictions of $12 a share by the end of 2018 are looking v conservative.