We should not worry about this news.
I am sure we will see an announcement or statement from A2 Milk Company about this competition tomorrow or after Easter. They will not let the shareholders continue to worry.
Tomorrow, it will be a big test whether or not the sp will continue to fall.
In my view, today is probably a combination of panic selling and profit taking.
It’s an opportunity for someone to buy or top up.
I strongly believe there are many shareholders who are confident about A2 Milk Company. Otherwise, the panic selling would have been worse ie. sp below 10.00
Tomorrow or next week, the sp will stabilise in my opinion.
A competition is good for the business.
nestle - doing A2 infant formula, page-161
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