Just watching from the sidelines here, but find it difficult not to purchase if the price drops further
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In today's announcement. I like the sound of clinical and commercial science!
Still 3 months away from annual results. No trading update yet from A2 where last year they provided updates on 26th April and 16th June. Wondering how much is built into share price that A2 smash the forecasted numbers for this half. If they do, expect the share price to continue upward, if its inline, would you expect the share price to get hammered?
Disc: not holding.
Topped up after midday at 12.75. Good momentum at the moment + msci announcement, I have a $14.20 target. Expecting rev to be around the $950 mil mark but if we go over $1 bil for the fy18 a2 milk will be $18-20. And to be honest I think there is a good chance we may go over 1bil. No trading updates in April this year but last year they had said they expected a weaker 2nd half 17 year and have given guidance accordingly. 2nd half 17 was much better than expected so they legally had to give trading updates if there was 10% change. Not the case this year so we could be surprised!
Harbour still very positive, one of their largest holdings.
https://www.harbourasset.co.nz/resea...milk-in-china/
For those who are time poor here's an except
Quote:
As always, there is a lot to consider when investing in the infant formula sector. From an a2 Milk shareholder’s point of view, this most recent trip is perhaps the most encouraging we have ever undertaken in China.
Thanks Beagle very interesting read :)