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clock Created with Sketch. 29/03/23
19:55
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Originally posted by CarlosG:
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I think I will add my 2c to this. their view. There could be few explanations here. Based on that they changed forecast for August-December I suspect previous updated from a2 they had somewhere after FY22 presentation. So, it would be long time between updates. SAMR timing might played a role in it. a2 might had previously expected approval much earlier but in December-January they realised it's going to be rather later. So, transition period going to be in Q1&Q2FY24 rather than Q4FY23&Q1FY24 and this is time were cautious approach is needed. Another thing is a2 continue transition to in-source Fullcream and Skim milk powder and certain existing Englishlabel IMF product from Synlait. So, they might have better progress in that and as result reduced orders from Synlait.
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Grant Watson: I won't get into too much detail, Nick, but look, the arrangement we've got with a2 is that we get a 12-month roll and forecast off them every month. So that's what we work to, and if the information changes, then we change our models accordingly.
(20min delay)