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0.76%

$6.64 the a2 milk company limited

Ann: FY22 Results Commentary, page-24

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Tahora

1,028 Posts.

175

29/08/22

10:41

Post #: 63378526
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Originally posted by werdplaya58: ↑

Hopefully, either way it's a step in the right direction.

He will want to go out being able to point to having steered the company to a recovery (even if it is in spite of him rather than because of).

It's hard to know which aspects of the business he has genuinely influenced, but the (lack of) allocation of capital reserves is almost certainly one of them. Now with the buyback happening it suggests he has been overridden.

It's a pretty big U-turn as only last year the prospect of a buyback was raised then reversed by management. I wonder if it is the first of more to come. They could just return NPAT to shareholders each year, in the form of a buyback while they feel the SP is undervalued and a dividend once it is fluctuating less. And still have a larger than necessary buffer in cash reserves for other growth opportunities.

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Yeah agree, great result for long term holders. Covid was crippling for A2, whereas other sectors boomed, ie the retail market and now the
cracks are appearing in their latest financials. The last 2 year restructuring was an absolute necessity for A2, although under very difficult and an
unexpected event. Now we are going to be the Steven Bradbury of the ASX.

A2M Price at posting: $5.28 Sentiment: Buy Disclosure: Held
20 Upvote

0 Great analysis

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(20min delay)
Last $6.64		Change 0.050(0.76%)		Mkt cap ! $4.800B

Open	High	Low	Value	Volume
$6.53	$6.64	$6.49	$8.584M	1.305M

Buyers (Bids)

No.	Vol.	Price($)
2	3405	$6.60

Sellers (Offers)

Price($)	Vol.	No.
$6.64	1766	1

View Market Depth

No.	Vol.	Price($)
2	3405	6.600
1	16665	6.590
1	6844	6.580
1	7465	6.560
1	7465	6.550

Price($)	Vol.	No.
6.640	1766	1
6.650	36396	8
6.660	29998	9
6.670	7465	1
6.680	25465	2

Last trade - 16.10pm 27/06/2024 (20 minute delay)

A2M (ASX) Chart