A2M 1.69% $6.99 the a2 milk company limited

Ann: Trading Update and FY18 Outlook, page-25

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    My rough sums, using the first half year expenses other than marketing, get an npat of about 167 to 173m, and midpoint eps of about 23.2c NZ, or about 21.3c Aussie. $-traders had consensus at 29.3c NZ, so that is down 21% for the full year, and HY even worse.

    This is quite a surprise to spring on the market. And at a time of CEO change, and with some players probably hoarding stock to sell to MSCI index fundies too. This will be a nasty day for longs I suspect unfortunately.
    Last edited by CaptainBarnacles: 16/05/18
 
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