Hi folks,
Haven't held AHF since the acquisition was finally announced. Traded it quite a bit last year when baby formula/milk was all the rage.
My reason for liking AHF initially was the potential of a vertically integrated Aussie company which could get clean and green Aussie milk to Chinese consumers in 48 hours - consumer who might be prepared to spend AUD$10 per litre for the privilege.
I've been reading some recent announcements, but I'm not seeing much about the export potential anymore from AHF management. Am I missing something?
5 weeks ago when their milk was briefly suspended, the AHF announcement said in part, "The China milk sales are not material to the current financial performance and represent only approximately 2% of total sales."
OK, so maybe management putting on their best face, but this is not the direction I thought the company was heading in.
If that is the case, then I'm struggling to find a catalyst for the share price.
Not trying to be difficult here, and good luck to all holders etc, just trying to see where the future of the company is.
I'll keep watching, as I was lucky enough to be holding when the SP took off at the end of last year, so I've got some cognitive bias - just can't see a reason for holding right now.
All the very best![]()
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