stock, page-19

Roscoeb, BAL have increased contract volumes from BGA H2, you can see it on the shelves, since early Jan BAL supermarket shelf facings and stock weight have increased significantly (Oct - Dec it was almost impossible to see any Bellamy's on supermarket shelves, which caused the media hype and forced 10000's of customers to buy direct from BAL on web-store).

Secondly, there is no major sales event before Fonterra stock comes on line, no singles day or CNY to spike sales.

Expect BAL H2 sales to be close to $260mill and a surprise on the upside with EBIT margin.

A2 is handing sales to BAL on a plate at the moment, and will continue to do so until they sort out supply issues.