Bell Potter we're calling for margin pressure at benefit of SML. We know from the half year result that SML is getting a smaller share so A2 infant formula gross margins will have actually increased. The question is how does this reconcile with flat Gross Margins ?
Answer : USA is growing much faster. US is a white milk strategy at this stage similar to the original Australian launch. White milk has lower margins than IF.
Very bullish in my opinion.
Q3 Update, page-8
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add A2M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.58 |
Change
-0.060(0.90%) |
Mkt cap ! $4.756B | |||
| Open | High | Low | Value | Volume |
| $6.58 | $6.61 | $6.53 | $10.64M | 1.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7112 | $6.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.59 | 9690 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |