Or supply not great
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I think a div will be announced, they could easily afford a 10c div.
think your find niche products only command a limited shelf space so volume is limited on display and replenishment depends on how quick shelves are restocked.
anchor has always had the most shelve space cant see them giving that up for a2
other negatives are high price , budget brands of milk are the biggest sellers by volume in supermarkets and a reflection of the nz market. aussie retail milk market is different.
anyway just a few assumptions from my experience in the field
Attachment 9836Pak N Save Mt.Albert(one of the busiest in Central Auckland)... 8pm.7 bottles left in 2 lit and 2 in 1 lit.Either the stocking/supply is low or it just a good run today...
As valuation has stretched it could have correction (pull back) especially during bear market. Current bull market will end at some point. Cycle will follow. As I said it could happen over the next 12 months. Currently, it has support around $10. If ATM breaks that I don’t rule out trading it below $9.
In order to grow, sml have to allocate limited resources and assets... They want a bigger say in how things operate.as their needs continue to grow into the future.
Also, I believe synlait might be looking into developing their own brands... Moving the way of fonterra for their next stage of growth.