People like myself are annoyed that BAL management waited so long to update the market, when clearly they knew things weren’t going well, even by the AGM.
And why didn’t they call out the 2H FY16 results as unsustainable, given the level of channel stuffing and one-off sales to China?
And you can’t blame China regulation, because A2, selling the same product, to the same market, at the same price, had a completely different and positive result. Clearly this issue is a BAL strategy issue, not a market issue.
BAL Price at posting:
$6.56 Sentiment: Hold Disclosure: Not Held