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$6.91 the a2 milk company limited

I agree with that view Werds.Further , it will be interesting to...

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jossette

775 Posts.

139

16/02/22

08:56

Post #: 59598839
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Originally posted by werdplaya58: ↑

You're probably correct. I was thinking a bit further back to the May 21 update which contained this:

However the subsequent FY21 report did say that the targeted EL inventory levels had been achieved. CL was forecast to take longer, but like you say, it probably meant just longer to sell down to the target level.

The language around CL sell-in being weaker than expected concerns me a little, but I'd also assume that if any material inventory writedown had been made in 1H22 then this would have prompted an announcement much like the May 21 one did. There would also be clear indicators, such as weaker pricing. Most likely any excess inventory in that area was cleared during 11/11, and so even if there has been weaker demand than expected, it was accomodated by constraining CL supply until demand rose again.

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I agree with that view Werds.

Further , it will be interesting to see the sales of CL thru DOL and CBEC as they have underperformed in this space. This would be moving forward, where I see the most growth for CL.

For EL, I want to see progress of selling the EL empty tins thru the MBS network. This may be hard to track as it may fall under the CBEC umbrella where the product is shown in the store but you need to order online.

A2M Price at posting: $5.18 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $6.91		Change -0.110(1.57%)		Mkt cap ! $4.995B

Open	High	Low	Value	Volume
$7.00	$7.04	$6.90	$13.12M	1.885M

Buyers (Bids)

No.	Vol.	Price($)
1	2054	$6.91

Sellers (Offers)

Price($)	Vol.	No.
$6.93	11328	4

View Market Depth

No.	Vol.	Price($)
3	8458	6.900
1	5284	6.890
3	14982	6.880
1	3851	6.870
1	2851	6.860

Price($)	Vol.	No.
6.930	5350	2
6.950	8458	3
6.960	10284	2
6.970	5284	1
7.000	12874	5

Last trade - 16.10pm 18/07/2024 (20 minute delay)

A2M (ASX) Chart